Stocks of Public Service Enterprise Group Incorporated (NYSE:PEG) rallied by 1.01% during the past week but lost 0.36% on a 4-week basis. The company has outperformed the S&P 500 by 2.23% in the past week but underperformed the index by 1.27% in the last 4 weeks.
Public Service Enterprise Group Incorporated (NYSE:PEG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.48 and $44.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.81, notching a gain of 0.52% for the day. The total traded volume was 3,714,407 . The stock had closed at $44.58 on the previous day.
The company shares have rallied 10.04% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $47.41 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $45.17 and the 200 Day Moving Average price is recorded at $43.00.
On the companys insider trading activities, The officer (President & COO – PSE&G), of Public Service Enterprise Group Inc, Larossa Ralph A had unloaded 35,824 shares at $44.36 per share in a transaction on June 14, 2016. The total value of transaction was $1,589,153. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Public Service Enterprise Group Incorporated (NYSE:PEG). Bank of America has a Underperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 7, 2016. Currently the company Insiders own 0.71% of Public Service Enterprise Group Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -27.74% . Institutional Investors own 67.47% of Public Service Enterprise Group Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -26.76%.
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.