Public Service Enterprise Group Incorporated (PEG) : During the past 4 weeks, traders have been relatively bearish on Public Service Enterprise Group Incorporated (PEG), hence the stock is down -6.69% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.7% relative to the S&P 500. The 4-week change in the price of the stock is -6.33% and the stock has fallen -0.73% in the past 1 week.
Public Service Enterprise Group Inc. has dropped 2.05% during the last 3-month period . Year-to-Date the stock performance stands at 14.91%. The stock has recorded a 20-day Moving Average of 2.26% and the 50-Day Moving Average is 3.03%.
Public Service Enterprise Group Incorporated (NYSE:PEG): The stock opened at $44.11 on Friday but the bulls could not build on the opening and the stock topped out at $44.20 for the day. The stock traded down to $43.41 during the day, due to lack of any buying support eventually closed down at $43.65 with a loss of -1.27% for the day. The stock had closed at $44.21 on the previous day. The total traded volume was 2,434,032 shares.
Also, Morgan Stanley upgrades its view on Public Service Enterprise Group Incorporated (NYSE:PEG) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. The rating by the firm was issued on July 13, 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 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.