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Mitsubishi UFJ Asset Management Co. Ltd. increased its stakes in major US equities, notably raising its position in Public Service Enterprise Group (PEG) by 6.4%. Joining this institutional trend, Principal Financial Group expanded its stake in PEG by 3.0% to 636,660 shares. This accumulation follows PEG's strong financial performance, reporting an EPS of $1.55, which beat the $1.44 consensus estimate, on revenues of $3.85 billion. Additionally, the company declared a quarterly dividend of $0.67 per share, representing a 3.5% annual yield. Mitsubishi's expansion also targeted healthcare and energy sectors through firms like HUM and FANG. These strategic moves, coupled with share buyback plans from companies like Paychex, signal robust institutional confidence in corporate earnings and capital allocation strategies.
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