North Dakota State Investment Board Purchases New Position in Public Service Enterprise Group Incorporated $PEG

The article says electricity capacity prices in PJM’s 13-state market have surged as AI data centers increase projected demand. PJM’s capacity auction price for eastern U.S. plants rose from $28.92/day per MW two years ago to $269.92 last year, with later auctions clearing near $329–$333. Monitoring Analytics attributes much of the increase to data centers, while environmental and other groups warn ratepayers may pay even if some projects don’t materialize.

Truist cut its price target on Public Service Enterprise Group (NYSE:PEG) by $3 to $88 on May 18, 2026, while keeping a Hold rating, citing updates to its Power and Utilities model ahead of the American Gas Association’s Financial Forum. Separately, PEG was named to the Dow Jones Best-in-Class North America Index for the 18th straight year, according to S&P Global.

Morgan Stanley lowered its Public Service Enterprise Group (NYSE:PEG) price target from $94 to $89 while keeping an “Overweight” rating, citing updated estimates for the North American Regulated & Diversified Utilities/IPPs group. The firm noted utilities rose 2% in the month versus 10.4% for the S&P. PEG reaffirmed 2026 operating earnings guidance of $4.28–$4.40/share after Q1 outperformance.

The article says US electricity demand hit a record last year, with data centers driving about 50% of the growth, and projects further increases in 2026-27. It links nuclear to meeting that demand and cites a US executive order to quadruple nuclear capacity by 2050. It lists nuclear-related stocks; for example, Morgan Stanley cut PEG’s target $94→$89 (Overweight) and kept 2026 operating earnings guidance $4.28-$4.40. For AEP, Morgan Stanley cut its target $136→$129 (Overweight) after Q1 results

PNC Financial Services Group Inc. reduced its stake in Public Service Enterprise Group Incorporated (NYSE:PEG) by 15.0% in the 4th quarter, selling 135,694 shares. The firm now owns 769,795 shares valued at $61,815,000. Other institutional investors adjusted their positions, with the company currently holding a "Moderate Buy" consensus rating and a target price of $93.19.

iA Global Asset Management Inc. significantly reduced its stake in Public Service Enterprise Group (NYSE:PEG) by 94.3% in the fourth quarter, selling over 30,000 shares. This comes as Public Service Enterprise Group reported strong first-quarter results, surpassing analyst estimates for both EPS and revenue, and announced a quarterly dividend of $0.67 per share. Despite the sale by iA Global Asset Management, other institutional investors have increased their positions in PEG, and the company maintains a "Moderate Buy" consensus rating from analysts with an average price target of $93.19.