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Public Service Enterprise Group (PEG) โ€“ Price Target Raised at Morgan Stanley
Yahoo Financeยท 2025-10-25 04:57
Group 1 - Public Service Enterprise Group Incorporated (PEG) is recognized as one of the 12 Best Utility Stocks to Buy for Dividends [1] - Morgan Stanley raised its price target for PEG from $103 to $109, maintaining an 'Overweight' rating, reflecting a positive outlook for the utility sector [2][3] - PEG is executing a 5-year capital spending plan ranging from $22.5 billion to $26 billion, aiming for a compound annual growth rate (CAGR) of adjusted operating earnings between 5% to 7% through 2029 [4] Group 2 - PEG has a strong commitment to shareholders, having paid dividends for 118 consecutive years, with a recent 5% increase in its quarterly dividend to $0.63 per share, marking the 14th annual increase [5]