With a market cap of $43.2 billion, Public Service Enterprise Group Incorporated (PEG) is a New Jersey-based energy company, primarily serving the Northeastern and Mid-Atlantic United States. Through its key subsidiaries, PSE&G and PSEG Power, the company operates in the electric and gas utilities, nuclear generation, and energy trading sectors.

Shares of PEG have underperformed the broader market over the past 52 weeks. PEG shares have surged 9.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.6%. Moreover, shares of PEG are up 4% on a YTD basis, trailing the $SPX's 9.6% gain.

Looking closer, PSEG has also lagged behind the Utilities Select Sector SPDR Fund's (XLU) 17% return over the past 52 weeks and a 14% YTD gain. 

On Aug. 5, Public Service posted Q2 2025 results, with non-GAAP operating earnings increasing to $384 million or $0.77 per share from $313 million or $0.63 per share. Its revenue grew 15.8% year-over-year to roughly $2.81 billion, driven by gains in both its regulated utility and power generation segments. However, shares dipped 2.2% post announcement amid macroeconomic headwinds. 

For the fiscal year ending in December 2025, analysts expect PEG's adjusted EPS to grow nearly 9% year-over-year to $4.01. The company's earnings surprise history is mixed. It beat the consensus estimates in two of the last four quarters while missing on two other occasions.

Among the 17 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on seven “Strong Buy” ratings and 10 “Holds.”

This configuration is slightly less bullish than it was three months ago, with eight “Strong Buy” recommendations for the stock.

On Aug. 6, BMO Capital Markets maintained its “Market Perform” rating on Public Service Enterprise Group and raised its price target by 5.95%, from $84 to $89.

The mean price target of $91.89 indicates a premium of 4.6% from the current market prices. The Street-high target of $103 implies an upswing potential of 17.3%.