Large Inflow of Money Detected in Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated (PEG) : The money flow analysis of Public Service Enterprise Group Incorporated (PEG) indicates a $9.25 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $17.83 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.93 and so was the total money flow at $8.58 million. The bulls lapped up $7.53 million worth of block trades on upticks. The money flow was $7.53 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Public Service Enterprise Group Incorporated (PEG), pushing it down by -0.96% for the day. The stock slid $0.44 and traded at $45.41 during the day. Nonetheless, the stock is -1% over the previous weeks close.

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Also, Equity analysts at the Brokerage firm Morgan Stanley upgrades its rating on Public Service Enterprise Group Incorporated (NYSE:PEG). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on July 13, 2016.

Public Service Enterprise Group Incorporated (NYSE:PEG): The stock opened at $45.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.99 for the day. The stock traded down to $45.33 during the day, due to lack of any buying support eventually closed down at $45.41 with a loss of -0.96% for the day. The stock had closed at $45.85 on the previous day. The total traded volume was 2,190,320 shares.

The stock has recorded a 20-day Moving Average of 0.19% and the 50-Day Moving Average is 0.91%. 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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