Shares of Public Service Enterprise Group Incorporated (PEG) Drops by -0.59%

Public Service Enterprise Group Incorporated (PEG) has risen sharply, recording gains of 2.37% in the past 4 weeks. However, the stock has corrected -0.59% in the past 1 week, providing a good buying opportunity on dips. Public Service Enterprise Group Incorporated (PEG) : During the past 4 weeks, traders have been relatively bearish on Public Service Enterprise Group Incorporated (PEG), hence the stock is down -1.92% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.05% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 1.94%.

Public Service Enterprise Group Incorporated (NYSE:PEG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.77 and $45.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.87, notching a gain of 0.33% for the day. The total traded volume was 2,112,723 . The stock had closed at $45.72 on the previous day.

Public

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 67.42% 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%. In a related news, Izzo Ralph, director officer (Chairman, President and CEO) of Public Service Enterprise Group Inc, unloaded 43,313 shares at an average price of $46.4 on July 1, 2016. The total amount of the transaction was worth $2,009,723, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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