Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) Sees Large Outflow of Money

Public Service Enterprise Group Incorporated (NYSE:PEG) : The value of composite uptick trades was $20.73 million, whereas, the value of composite downtick trades was $33.99 million. The uptick to downtick ratio stood at 0.61 with a negative money flow of ($13.26) Million during Wednesdays trading session. The block trades money flow was negative ($13.22 million).The uptick to the downtick ratio of 0.12 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.84 million. The transaction of the trades on downticks amounted to $15.06 million, which confirms investors selling on the strength of price. Public Service Enterprise Group Incorporated (NYSE:PEG) gained 75 cents at $45.29, an increase of 1.68% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Larossa Ralph A, officer (President & COO – PSE&G) of Public Service Enterprise Group Inc, had unloaded 35,824 shares at an average price of $44.36 in a transaction dated on June 14, 2016. The total value of the transaction was worth $1,589,153. Currently the company Insiders own 0.71% of Public Service Enterprise Group Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -28.76% . Institutional Investors own 67.49% of Public Service Enterprise Group Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -28.08%.

The company shares have rallied 12.90% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $47.41 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $44.79 and the 200 Day Moving Average price is recorded at $43.39. Public Service Enterprise Group Incorporated (NYSE:PEG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.72 and $44.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.29, notching a gain of 1.68% for the day. The total traded volume was 3,878,754 . The stock had closed at $44.54 on the previous day.

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company engaged in the transmission of electricity and distribution of electricity and natural gas. Its operations are located in the Northeastern and Mid- Atlantic United States. It conducts its business through two direct wholly owned subsidiaries: PSEG Power LLC (Power) and Public Service Electric and Gas Company (PSE&G). The Companys other direct wholly owned subsidiaries are PSEG Energy Holdings L.L.C., which owns and manages a portfolio of lease investments; PSEG Long Island LLC, which operates the Long Island Power Authoritys (LIPA) transmission and distribution system under a contractual agreement, and PSEG Services Corporation, which provides certain management, administrative and general services to PSEG and its subsidiaries.

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