Mitsubishi UFJ Asset Management Co. Ltd. Buys 62,336 Shares of Public Service Enterprise Group Incorporated $PEG

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Public Service Enterprise Group by 6.4%, buying 62,336 shares to hold 1,043,468 shares worth about $84.51 million (≈0.21% of the company) at quarter-end.
• Public Service Enterprise Group beat Q1 estimates with $1.55 EPS (vs. $1.44 expected) and $3.85B revenue (+19.4% YoY), and set FY2026 guidance of 4.28–4.40 EPS (analysts average 4.36).
• The company announced a quarterly dividend of $0.67 (annualized $2.68, ~3.4% yield; ex-dividend June 9, payable June 30), while insiders have sold about 10,949 shares (~$902,747) in the past 90 days.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Public Service Enterprise Group Incorporated (NYSE:PEG - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,043,468 shares of the utilities provider's stock after purchasing an additional 62,336 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of Public Service Enterprise Group worth $84,510,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in Public Service Enterprise Group by 10.3% during the 1st quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider's stock worth $831,000 after acquiring an additional 940 shares in the last quarter. Woodline Partners LP grew its holdings in Public Service Enterprise Group by 40.7% during the 1st quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider's stock worth $3,464,000 after acquiring an additional 12,172 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Public Service Enterprise Group by 27.6% during the 2nd quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider's stock worth $405,000 after acquiring an additional 1,040 shares in the last quarter. Jump Financial LLC grew its holdings in Public Service Enterprise Group by 70.4% during the 2nd quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider's stock worth $1,070,000 after acquiring an additional 5,250 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Public Service Enterprise Group by 3.0% during the 2nd quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider's stock worth $4,785,000 after acquiring an additional 1,649 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors.

Public Service Enterprise Group Stock Performance

PEG opened at $77.87 on Friday. Public Service Enterprise Group Incorporated has a 12-month low of $76.00 and a 12-month high of $91.25. The company has a current ratio of 0.97, a quick ratio of 0.60 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $38.81 billion, a PE ratio of 17.23, a P/E/G ratio of 2.99 and a beta of 0.53. The firm has a 50 day moving average of $81.94 and a two-hundred day moving average of $81.57.

Public Service Enterprise Group (NYSE:PEG - Get Free Report) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.11. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.35 billion. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The business's quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. Public Service Enterprise Group's dividend payout ratio is presently 59.29%.

Insiders Place Their Bets

In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 4,700 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ralph A. Larossa sold 2,083 shares of the company's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $81.21, for a total transaction of $169,160.43. Following the completion of the transaction, the chief executive officer directly owned 289,315 shares in the company, valued at $23,495,271.15. The trade was a 0.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,949 shares of company stock valued at $902,747 in the last ninety days. Insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on PEG. Weiss Ratings reiterated a "buy (b)" rating on shares of Public Service Enterprise Group in a report on Friday, March 27th. Evercore upgraded shares of Public Service Enterprise Group from an "in-line" rating to an "outperform" rating and set a $96.00 target price on the stock in a report on Thursday, March 5th. Jefferies Financial Group cut shares of Public Service Enterprise Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $90.00 to $89.00 in a report on Wednesday, April 15th. Wells Fargo & Company increased their target price on shares of Public Service Enterprise Group from $96.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Barclays raised 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 report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.42.

Public Service Enterprise Group Company 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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