Public Service Enterprise Group (PEG) Upgraded to ‘Outperform’

Core Viewpoint - Public Service Enterprise Group Incorporated (PEG) is recognized as one of the best utility stocks for dividends in 2026, supported by a strong earnings mix and favorable regulatory environment [1]. Group 1: Stock Upgrade and Price Target - PEG was upgraded from 'In Line' to 'Outperform' by Evercore ISI on March 5, with an increased price target from $83 to $96 [2]. - The upgrade is attributed to PEG's regulated earnings mix, positive New Jersey regulatory frameworks, disciplined capital deployment, and potential benefits from nuclear optionality in a tightening supply-demand environment [3]. Group 2: Financial Performance and Projections - PEG reported Q4 2025 results on February 26, exceeding both earnings and revenue estimates [4]. - The company targets operating earnings of $4.28 to $4.40 per share for FY 2026, representing a 7% increase from the previous year at the midpoint [4]. - PEG announced a capital program of $24 billion to $28 billion for 2026–2030 and raised its long-term adjusted earnings growth outlook to 6%-8% through the end of the decade [4].