Public Service Enterprise Group Incorporated (PEG): Price Target and June Short Interest Disclosure

Public Service Enterprise Group Incorporated (PEG) : 7 investment research analysts covering Public Service Enterprise Group Incorporated (PEG) have an average price target of $44.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $49 and the lowest target is $40 for the short term. Analysts expect the variance to be within $3.43 of the average price.

Public Service Enterprise Group Incorporated (PEG), A drop of 192,218 shares or 1.8% was seen in the short interest of Pub Svc Enterprise Group. Even as the interest dropped from 10,711,454 shares on June 15,2016 to 10,519,236 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 2.1% of the stocks floats. The stock has seen an average daily volume of 3,454,250 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Bank of America downgrades their rating on the shares of Public Service Enterprise Group Incorporated (NYSE:PEG). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 7, 2016.


Public Service Enterprise Group Incorporated (NYSE:PEG): On Thursdays trading session , Opening price of the stock was $45.74 with an intraday high of $45.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.4. However, the stock managed to close at $45.72, a loss of 0.54% for the day. On the previous day, the stock had closed at $45.97. The total traded volume of the day was 2,774,126 shares.

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.

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