Public Service Enterprise Group Inc (PEG) Files Form 4 Insider Selling : Stuart J Black Sells 2,500 Shares

Public Service Enterprise Group Inc (PEG): Stuart J Black , VP & Controller of Public Service Enterprise Group Inc sold 2,500 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $46.65 per share for a total value of $116,617.00 , 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 5, 2016, Ralph Izzo (Chairman, President and CEO) sold 24,858 shares at $46.25 per share price.On May 4, 2016, Derek M Dirisio (Vice President and Controller) sold 20,000 shares at $46.43 per share price.Also, On May 4, 2016, William Levis (Pres & COO, PSEG Power LLC) sold 12,000 shares at $46.42 per share price.On Feb 22, 2016, Tamara Louise Linde (EVP & General Counsel) sold 8,082 shares at $42.93 per share price.

Shares of Public Service Enterprise Group (PEG) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -1.21 points or -2.69% at $43.79 with 92,20,199 shares getting traded. Post opening the session at $43.92, the shares hit an intraday low of $42.77 and an intraday high of $44.145 and the price vacillated in this range throughout the day. The company has a market cap of $22,155 M and the number of outstanding shares has been calculated to be 50,59,29,330 shares. The 52-week high of Public Service Enterprise Group is $47.41 and the 52-week low is $36.8.

Public Service Enterprise Group Money Flow Index Chart

On Apr 19, 2016, Public Service Enterprise Group announced a cash dividend of $0.4100. The company’s management has announced Jun 7, 2016 as the ex-dividend date and fixed the record date on Jun 9, 2016. The payable date has been fixed on Jun 30, 2016.

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 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 Company’s 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.

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