Public Service Enterprise Group Inc (PEG) Files Form 4 Insider Selling : Ralph Izzo Sells 43,313 Shares

Public Service Enterprise Group Inc (PEG): Ralph Izzo , Chairman, President and CEO of Public Service Enterprise Group Inc sold 43,313 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $46.40 per share for a total value of $2,009,913.75 , 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 16, 2016, Ralph A Larossa (President & COO – PSE&G) sold 35,824 shares at $44.36 per share price.On Jun 7, 2016, William Levis (Pres & COO, PSEG Power LLC) sold 70,000 shares at $43.11 per share price.Also, On Jun 3, 2016, Ralph Izzo (Chairman, President and CEO) sold 43,903 shares at $44.92 per share price.On May 26, 2016, Stuart J Black (VP & Controller) sold 2,500 shares at $46.65 per share price.

Public Service Enterprise Group: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Public Service Enterprise Group which led to swings in the share price. The shares opened for trading at $46.47 and hit $46.73 on the upside , eventually ending the session at $46.68, with a gain of 0.39% or 0.18 points. The heightened volatility saw the trading volume jump to 32,71,376 shares. The 52-week high of the share price is $47.41 and the company has a market cap of $23,617 M . The 52-week low of the share price is at $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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