American Century Companies Inc. Raises Stock Holdings in Public Service Enterprise Group Incorporated $PEG

Key Points

• American Century Companies Inc. raised its stake in Public Service Enterprise Group by 32.8% in Q3 to 175,987 shares (about $14.69M); overall, institutions own roughly 73.34% of PEG.
• PEG beat quarterly expectations with $0.72 EPS (vs. $0.71) and $2.92B revenue (up 18.3% YoY), set FY2026 guidance of 4.28–4.40 EPS, and raised its quarterly dividend to $0.67 (annualized $2.68, ~3.3% yield).
• Insiders sold shares recently (SVP Richard T. Thigpen: 4,700 shares; CEO Ralph A. Larossa: 2,083 shares), while analysts remain mixed—MarketBeat shows an average rating of "Moderate Buy" with a $92.73 price target as the stock trades around $82.33.

American Century Companies Inc. grew its position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 32.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 175,987 shares of the utilities provider's stock after acquiring an additional 43,447 shares during the quarter. American Century Companies Inc.'s holdings in Public Service Enterprise Group were worth $14,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEG. Twin Peaks Wealth Advisors LLC bought a new position in shares of Public Service Enterprise Group in the 2nd quarter valued at about $25,000. Chapman Financial Group LLC bought a new stake in shares of Public Service Enterprise Group in the 2nd quarter valued at approximately $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter worth approximately $38,000. Finally, CGC Financial Services LLC increased its position in shares of Public Service Enterprise Group by 98.5% during the 3rd quarter. CGC Financial Services LLC now owns 520 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 258 shares during the last quarter. 73.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total value of $390,100.00. Following the transaction, the senior vice president owned 28,481 shares of the company's stock, valued at $2,363,923. This represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $83.66, for a total value of $174,263.78. Following the sale, the chief executive officer directly owned 292,889 shares of the company's stock, valued at approximately $24,503,093.74. This trade represents a 0.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on PEG. UBS Group decreased their price target on Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating on the stock in a report on Wednesday, December 17th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $85.00 price objective (down from $88.00) on shares of Public Service Enterprise Group in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Public Service Enterprise Group from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Wells Fargo & Company raised their target price on shares of Public Service Enterprise Group from $92.00 to $94.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Finally, Evercore raised shares of Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 price target for the company in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Public Service Enterprise Group presently has an average rating of "Moderate Buy" and an average price target of $92.73.

Public Service Enterprise Group Stock Down 1.1%

Shares of PEG opened at $82.33 on Thursday. The firm has a fifty day moving average price of $81.98 and a 200-day moving average price of $81.79. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $41.06 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.71 and a beta of 0.60. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $91.25.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The firm's revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Equities research analysts expect that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current year.

Public Service Enterprise Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, March 10th. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. Public Service Enterprise Group's dividend payout ratio (DPR) is presently 63.51%.

About Public Service Enterprise Group

Public Service Enterprise Group NYSE: PEG is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company's activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.

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