Public Service Enterprise Group Inc (PEG) Files Form 4 Insider Selling : Ralph A Larossa Sells 35,824 Shares

Public Service Enterprise Group Inc (PEG): Ralph A Larossa , President & COO – PSE&G of Public Service Enterprise Group Inc sold 35,824 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $44.36 per share for a total value of $1,589,256.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, William Levis (Pres & COO, PSEG Power LLC) sold 70,000 shares at $43.11 per share price.On Jun 3, 2016, Ralph Izzo (Chairman, President and CEO) sold 43,903 shares at $44.92 per share price.Also, On May 26, 2016, Stuart J Black (VP & Controller) sold 2,500 shares at $46.65 per share price.On May 4, 2016, Derek M Dirisio (Vice President and Controller) sold 20,000 shares at $46.43 per share price.

Shares of Public Service Enterprise Group (PEG) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.40% at $44.31 with 29,45,383 shares getting traded. Post opening the session at $44.59, the shares hit an intraday low of $44.18 and an intraday high of $44.61 and the price vacillated in this range throughout the day. The company has a market cap of $22,418 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

Company has been under the radar of several Street Analysts.Public Service Enterprise Group is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 7, 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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