Public Service Enterprise Group Incorporated $PEG Shares Bought by TD Asset Management Inc

TD Asset Management Inc raised its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG) by 8.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 708,364 shares of the utilities provider’s stock after acquiring an additional 55,879 shares during the quarter. TD Asset Management Inc’s holdings in Public Service Enterprise Group were worth $59,120,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PEG. Magellan Asset Management Ltd boosted its holdings in Public Service Enterprise Group by 12.1% in the third quarter. Magellan Asset Management Ltd now owns 396,876 shares of the utilities provider’s stock valued at $33,123,000 after purchasing an additional 42,689 shares during the period. Colonial Trust Co SC increased its holdings in Public Service Enterprise Group by 26.8% during the 3rd quarter. Colonial Trust Co SC now owns 573 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 121 shares during the period. Greenland Capital Management LP raised its position in Public Service Enterprise Group by 238.9% in the 3rd quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider’s stock valued at $5,820,000 after purchasing an additional 49,157 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Public Service Enterprise Group in the 3rd quarter valued at about $307,000. Finally, Mufg Securities Americas Inc. grew its position in shares of Public Service Enterprise Group by 21.7% during the third quarter. Mufg Securities Americas Inc. now owns 13,458 shares of the utilities provider’s stock worth $1,123,000 after buying an additional 2,399 shares in the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PEG. UBS Group reduced their target price on shares of 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. TD Cowen raised their price objective on shares of Public Service Enterprise Group from $93.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. reaffirmed 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. BMO Capital Markets lowered their target price on shares of Public Service Enterprise Group from $85.00 to $83.00 and set a “market perform” rating for the company in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group upgraded Public Service Enterprise Group from a “hold” rating to a “buy” rating and raised their price target for the company from $89.00 to $90.00 in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Public Service Enterprise Group has a consensus rating of “Moderate Buy” and a consensus target price of $91.04.

Trending Headlines about Public Service Enterprise Group

Here are the key news stories impacting Public Service Enterprise Group this week:

• Positive Sentiment: PSEG raised its quarterly dividend ~6% to an annualized $2.68 (15th consecutive increase) — a cash-return action that supports income investors. Read More.
• Positive Sentiment: Revenue beat and operational strength: Q4 revenue rose ~18% Y/Y to $2.92B and the company marginally beat EPS consensus ($0.72 vs $0.71), showing demand growth in electric and gas volumes. Read More.
• Positive Sentiment: Management raised its 5‑year regulated capital spending plan to $22.5B–$25.5B and extended a higher rate-base CAGR (6%–7.5%), and it set a new long‑term non‑GAAP operating earnings growth target of 6%–8% — supportive for regulated earnings growth. Read More.
• Neutral Sentiment: PSEG provided FY‑2026 EPS guidance of $4.28–$4.40 (initiated), which implies growth versus 2025 but has a midpoint slightly below some analysts’ consensus — guidance is constructive but not clearly bullish. Read More.
• Negative Sentiment: Earnings mix is mixed: Q4 non‑GAAP EPS of $0.72 is lower than last year’s $0.84, and while the EPS beat consensus, the year‑over‑year EPS decline and reconciling items may concern investors focusing on profitability trends. Read More.
• Negative Sentiment: Market reaction appears driven by the mixed read — strong top‑line and capital plans vs. below‑expected near‑term EPS trajectory — producing downward pressure on the stock despite shareholder-friendly moves. Read More.

Public Service Enterprise Group Trading Down 0.2%

Shares of Public Service Enterprise Group stock opened at $85.77 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.69 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $81.37 and a 200-day simple moving average of $81.91. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.78 and a beta of 0.59. 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) last announced 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. Public Service Enterprise Group had a net margin of 17.77% and a return on equity of 12.62%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the business earned $0.84 EPS. Public Service Enterprise Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, equities analysts forecast that Public Service Enterprise Group Incorporated will post 3.67 EPS for the current fiscal year.

Public Service Enterprise Group Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.63. Public Service Enterprise Group’s dividend payout ratio (DPR) is presently 60.58%.

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.