PSEG stock steadies as 2026 guidance and buying line up
Published on 08/29/2026 at 08:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Public Service Enterprise Group stock is drawing attention after a late-August institutional filing showed one asset manager bought 50,804 shares worth $4.1 million, while analysts kept an average Hold rating and a $89.43 target. The company also reported second-quarter 2026 earnings per share of $0.86 on revenue of $2.55 billion on August 4, 2026.
Guidance still anchors the story
Management kept fiscal 2026 earnings guidance at $4.280 to $4.400 per share, a band that leaves just $0.12 between the low and high end. That range sits close to the $4.36 consensus estimate, which puts the midpoint only $0.02 below Wall Street's current view.
The comparison matters because PSEG's second-quarter EPS of $0.86 beat the $0.80 estimate by $0.06 even as revenue fell 8.9% from a year earlier. Net margin for the quarter was 16.04%, and return on equity reached 12.42%.
What institutions are buying
Late-August filings point to continued portfolio building in the stock. One disclosed purchase involved 777,398 shares, and another added 106,981 shares, showing that large holders are still willing to commit capital at current levels.
The market backdrop is equally concrete: PEG opened at $73.29, with a market capitalization of $36.53 billion, a 52-week range of $72.53 to $87.63, and a dividend of $0.67 a quarter. The stock's 50-day moving average was $78.20 and the 200-day average was $80.17.
Utility earnings profile
PSEG's core business remains a regulated electric and gas utility in New Jersey, supported by nuclear generation and energy services. That mix helps explain why earnings guidance for 2026 stays relatively tight even when quarterly revenue slips.
For investors, the key number is the spread between the $73.29 opening price and the $89.43 average target. Against that backdrop, the stock trades at 18.23 times earnings and carries a PEG ratio of 2.79.
PSE&G service base
PSE&G, the regulated utility arm, owns and maintains electric and gas networks, manages meter and billing services, and handles storm response. That infrastructure base is the operational engine behind the earnings range and the quarterly dividend.
PSEG stock and market view
As of August 28, 2026, PEG traded at $73.29 in the most recently cited session, with the 52-week low only $0.76 below that level. The market is weighing that price against 2026 EPS guidance of $4.280 to $4.400 and a consensus estimate of $4.36.
Fact box
Company: Public Service Enterprise Group Inc.
ISIN: US6952631033
Ticker: PEG
Exchange: NYSE
Price (as of August 28, 2026): $73.29 USD
Market cap: $36.53 billion
Sector / Industry: Utilities / Multi-Utilities
Index membership: S&P 500
