Large Inflow of Money Detected in Public Service Enterprise Group Incorporated

Public Service Enterprise Group Incorporated (PEG) stock had a bullish inflow of $24.95 million worth of trades on uptick and an outflow of $17.82 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.4. The net money flow into the stock was $7.13 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $7.16 million. An inflow of $2.97 million block trade was recorded on downticks. $10.13 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 3.41 in favor of the bulls. However, Public Service Enterprise Group Incorporated (PEG) stock traded down $0.2 , and reached $42.66, a drop of -0.47% over the previous day. On a weekly basis, the stock is 0.45%, over the previous weeks close.

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Also, Morgan Stanley upgrades their rating on the shares of Public Service Enterprise Group Incorporated (NYSE:PEG). The current rating of the shares is Equal-weight. 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 Inc. has lost 2.65% in the last five trading days and dropped 6.04% in the last 4 weeks. Public Service Enterprise Group Inc. has dropped 4.44% during the last 3-month period . Year-to-Date the stock performance stands at 12.27%.

Public Service Enterprise Group Incorporated (NYSE:PEG): The stock opened at $42.91 on Tuesday but the bulls could not build on the opening and the stock topped out at $43.07 for the day. The stock traded down to $42.25 during the day, due to lack of any buying support eventually closed down at $42.65 with a loss of -0.49% for the day. The stock had closed at $42.86 on the previous day. The total traded volume was 3,859,371 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Pres & COO, PSEG Power LLC) of Public Service Enterprise Group Inc, Levis William had sold 7,500 shares worth of $327,975 in a transaction dated August 11, 2016. In this transaction, 7,500 shares were sold at $43.73 per share.

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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