Public Service Enterprise Group Inc (PEG): Derek M Dirisio , Vice President and Controller of Public Service Enterprise Group Inc sold 20,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $46.43 per share for a total value of $928,576.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, William Levis (Pres & COO, PSEG Power LLC) sold 12,000 shares at $46.42 per share price.On Apr 4, 2016, Ralph Izzo (Chairman, President and CEO) sold 18,390 shares at $46.94 per share price.Also, On Feb 22, 2016, Tamara Louise Linde (EVP & General Counsel) sold 8,082 shares at $42.93 per share price.On Feb 17, 2016, Ralph A Larossa (President & COO – PSE&G) sold 30,400 shares at $41.88 per share price.
Public Service Enterprise Group: On Wednesday, May 4, 2016 heightened volatility was witnessed in Public Service Enterprise Group which led to swings in the share price. The shares opened for trading at $46.02 and hit $47.065 on the upside , eventually ending the session at $46.64, with a gain of 1.19% or 0.55 points. The heightened volatility saw the trading volume jump to 34,66,242 shares. The 52-week high of the share price is $47.41 and the company has a market cap of $23,597 M . The 52-week low of the share price is at $36.8.
Company has been under the radar of several Street Analysts.Public Service Enterprise Group is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 .The Rating was issued on Mar 14, 2016.Public Service Enterprise Group is Reiterated by Argus to Buy and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $45 .The Rating was issued on Feb 25, 2016.Public Service Enterprise Group is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $43 .The Rating was issued on Feb 23, 2016.Public Service Enterprise Group is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $43 .The Rating was issued on Feb 22, 2016.
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 Authority’s (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.