Large Outflow of Money Witnessed in Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated (PEG) : The total money flow in Public Service Enterprise Group Incorporated (PEG) was negative ($6.54 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $20.17 million. Transactions on upticks were comparatively lower at $13.62 million. The uptick to downtick ratio was 0.68. The total block trades done on upticks were valued at $1.05 million. The total block trades on downticks were valued at $8.52 million. The uptick to the downtick ratio of block trades was 0.12. The money flow during block trades was negative ($7.47 million) when the stock traded with a gain of $63 cent. Public Service Enterprise Group Incorporated (PEG) was $46.6, an increase of 1.37% over the previous days close.

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Public Service Enterprise Group Incorporated (PEG) : The consensus price target for Public Service Enterprise Group Incorporated (PEG) is $45.36 for the short term with a standard deviation of $3.5. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $40.

Public Service Enterprise Group Incorporated (NYSE:PEG): stock turned positive on Friday. Though the stock opened at $45.84, the bulls momentum made the stock top out at $46.675 level for the day. The stock recorded a low of $45.84 and closed the trading day at $46.6, in the green by 1.37%. The total traded volume for the day was 2,205,802. The stock had closed at $45.97 in the previous days trading.

In a related news, The director officer (Chairman, President and CEO), of Public Service Enterprise Group Inc, Izzo Ralph had unloaded 43,313 shares at $46.4 per share in a transaction on July 1, 2016. The total value of transaction was $2,009,723. The Insider information was revealed by 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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