Korea Investment CORP Has $18.85 Million Position in Public Service Enterprise Group Incorporated $PEG

Key Points

• Korea Investment CORP raised its stake in Public Service Enterprise Group by 9.4% in Q3 to 225,900 shares, a position valued at about $18.85 million.
• Public Service Enterprise Group beat quarterly estimates with $0.72 EPS (vs. $0.71) and $2.92 billion in revenue (vs. $2.68 billion), and set FY2026 EPS guidance of $4.28–$4.40.
• The company increased its quarterly dividend to $0.67 (annualized $2.68), up from $0.63, implying a ~3.2% yield.

Korea Investment CORP raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 225,900 shares of the utilities provider's stock after acquiring an additional 19,424 shares during the quarter. Korea Investment CORP's holdings in Public Service Enterprise Group were worth $18,854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ameriflex Group Inc. raised its position in shares of Public Service Enterprise Group by 694.2% during the 3rd quarter. Ameriflex Group Inc. now owns 1,358 shares of the utilities provider's stock valued at $113,000 after acquiring an additional 1,187 shares during the last quarter. HUB Investment Partners LLC bought a new position in shares of Public Service Enterprise Group in the 3rd quarter worth $265,000. Modern Wealth Management LLC bought a new position in shares of Public Service Enterprise Group in the 3rd quarter worth $210,000. Orion Porfolio Solutions LLC grew its stake in shares of Public Service Enterprise Group by 4.1% during the third quarter. Orion Porfolio Solutions LLC now owns 45,037 shares of the utilities provider's stock worth $3,759,000 after purchasing an additional 1,790 shares during the period. Finally, KCM Investment Advisors LLC increased its holdings in Public Service Enterprise Group by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 64,154 shares of the utilities provider's stock valued at $5,354,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 73.34% of the company's stock.

Public Service Enterprise Group Stock Down 0.9%

Shares of PEG stock opened at $83.28 on Wednesday. The firm has a fifty day moving average of $81.94 and a 200-day moving average of $81.78. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a 12-month low of $74.67 and a 12-month high of $91.25. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 2.74 and a beta of 0.60.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research analysts predict that Public Service Enterprise Group Incorporated will post 3.67 earnings per share for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Public Service Enterprise Group's previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, March 10th. Public Service Enterprise Group's dividend payout ratio is presently 59.72%.

Insider Transactions at Public Service Enterprise Group

In other news, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $83.66, for a total transaction of $174,263.78. Following the completion of the transaction, the chief executive officer directly owned 292,889 shares of the company's stock, valued at $24,503,093.74. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction dated 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 approximately $2,363,923. The trade was a 14.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on PEG shares. UBS Group cut their target price on Public Service Enterprise Group from $105.00 to $98.00 and set a "buy" rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings restated a "buy (b)" rating on shares of Public Service Enterprise Group in a research report on Monday, December 29th. Scotiabank reaffirmed a "sector perform" rating and issued a $92.00 price target on shares of Public Service Enterprise Group in a research note on Thursday, February 26th. Barclays increased their price target on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the company an "equal weight" rating in a research report on Thursday, March 5th. Finally, LADENBURG THALM/SH SH raised shares of Public Service Enterprise Group from a "neutral" rating to a "buy" rating and set a $87.50 price objective on the stock in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $92.73.

Public Service Enterprise Group Profile

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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