Public Service Enterprise Group Inc (PEG) Files Form 4 Insider Selling : Ralph Izzo Sells 43,903 Shares

Public Service Enterprise Group Inc (PEG): Ralph Izzo , Chairman, President and CEO of Public Service Enterprise Group Inc sold 43,903 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $44.92 per share for a total value of $1,972,109.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Stuart J Black (VP & Controller) sold 2,500 shares at $46.65 per share price.On May 5, 2016, Ralph Izzo (Chairman, President and CEO) sold 24,858 shares at $46.25 per share price.Also, On May 4, 2016, Derek M Dirisio (Vice President and Controller) sold 20,000 shares at $46.43 per share price.On May 4, 2016, William Levis (Pres & COO, PSEG Power LLC) sold 12,000 shares at $46.42 per share price.

Public Service Enterprise Group: On Friday, Jun 3, 2016 heightened volatility was witnessed in Public Service Enterprise Group which led to swings in the share price. The shares opened for trading at $45.16 and hit $45.665 on the upside , eventually ending the session at $45.36, with a gain of 1.14% or 0.51 points. The heightened volatility saw the trading volume jump to 30,57,094 shares. The 52-week high of the share price is $47.41 and the company has a market cap of $22,949 M . The 52-week low of the share price is at $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.

Leave a Reply

Public Service Enterprise Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Public Service Enterprise Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.