Who raised the price target for PEG?

Morgan Stanley raised the price target for the stock.

Why is PEG stock attractive to investors?

Because the company operates in the regulated utility sector, providing stable revenues and earnings.

Was PEG included in a list of top utility stocks?

Yes, Insider Monkey included it in the 12 Best Utility Stocks to Buy Now According to Hedge Funds.

Morgan Stanley Raises Price Target on PEG Stock

Morgan Stanley raised its price target for Public Service Enterprise Group (PEG) on June 24, as reported by Insider Monkey. The stock is among the 12 best utility stocks to buy according to hedge funds. The new target was not disclosed.

June 28, 2026

2 min read

Source: Insider Monkey

Key Numbers

price target

not specified

Morgan Stanley raised its price target for Public Service Enterprise Group Incorporated (NYSE:PEG) on June 24, according to a report by Insider Monkey. The company, a predominantly regulated energy provider of electric and gas services, was included in the list of 12 Best Utility Stocks to Buy Now According to Hedge Funds.

Rating Change

The report did not specify the previous or new price target, only that Morgan Stanley increased it. The current rating remains undisclosed.

Analyst Rationale

Morgan Stanley analysts view PEG as having strong fundamentals due to its regulated utility operations, making it an attractive choice for investors seeking stable returns.

Context

The upgrade follows PEG's inclusion in Insider Monkey's list of top utility stocks based on hedge fund holdings. The stock has been trading in a relatively stable range over recent months.

What to Make of It

The price target increase reflects analyst confidence in PEG's future performance. However, investors should monitor regulatory developments and upcoming earnings to assess the accuracy of the projections.

Frequently Asked Questions

The new price target was not disclosed in the report; only that it was raised.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.