Public Service Enterprise (PEG) Sees a $3 Price Target Cut at Truist

Public Service Enterprise (PEG) Sees a $3 Price Target Cut at Truist Venkatesh Mon, June 1, 2026 at 3:43 PM GMT+2 2 min read PEG TFC ^DJI Public Service Enterprise Group Incorporated (NYSE: PEG ) is one of the 10 Safest Dividend Stocks to Buy Right Now . Public Service Enterprise (PEG) Sees a $3 Price Target Cut at Truist 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. Rick Thigpen, the company’s SVP for corporate citizenship, said the ongoing recognition reinforces the company’s commitment to sustainable operations, stakeholder alignment, and resilient infrastructure.

Founded in 1903 and headquartered in New Jersey, Public Service Enterprise Group Incorporated (NYSE:PEG) is a diversified energy holding company. The company’s core assets include Public Service Electric and Gas Company (PSE&G), the state’s largest regulated utility, and PSEG Nuclear, a major merchant nuclear generation fleet. While we acknowledge the potential of PEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.

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