Public Service Enterprise Group Incorporated (NYSE:PEG) is one of the 10 Safest Dividend Stocks to Buy Right Now.
On May 18, 2026, Truist lowered its price target on Public Service Enterprise Group Incorporated (NYSE:PEG) by $3 to $88
The firm’s analyst Richard Sunderland maintained a Hold rating on the stock. Truist adjusted its price target on the stock, as part of a broader Power and Utilities model update ahead of the American Gas Association’s Financial Forum. According to the analyst, the market has entered year three of the data center wave, and the sector capital investments and growth forecasts continue to grow.
The firm sees vertically integrated electric utilities as clear winners, as they are optimally positioned to build the infrastructure needed to meet surging power demand. In an unrelated event, on May 12, 2026, Public Service Enterprise Group Incorporated (NYSE:PEG) was named to the Dow Jones Best-in-Class North America Index for the 18th consecutive year. The S&P Global index selected the company based on its long-term environmental performance, sustainability practices, and community and workforce support.