Public Service Enterprise Group Incorporated (PEG) : Investors lapped up stocks on upticks to the tune of $14.78 million in the Fridays trading session. The trading value on downticks was comparatively at $7.57 million and the uptick to downtick ratio of 1.95 indicates continuous buying by the bulls. The net money flow into the stock was $7.21 million. The block trades were dominated by the bulls with a healthy 5.94, uptick to downtick ratio. Only $1.66 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $9.88 clearly indicating buying by large investors. The total money flow for block trades stood at $8.22 million, which is a positive for the stock in the long-term. Public Service Enterprise Group Incorporated (PEG) fell $0.09 during the day at $42.5, a drop of -0.21% over the previous days close. However, for the week, the stock is 0.07%, compared to the previous week.
The company Insiders own 0.71% of Public Service Enterprise Group Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.67% . Institutional Investors own 67.36% of Public Service Enterprise Group Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -1.85%.
In a related news, The Securities and Exchange Commission has divulged that Izzo Ralph, director officer (Chairman, President and CEO) of Public Service Enterprise Group Inc, had unloaded 11,147 shares at an average price of $42.85 in a transaction dated on August 30, 2016. The total value of the transaction was worth $477,649.
Public Service Enterprise Group Incorporated (NYSE:PEG): The stock opened at $42.55 and touched an intraday high of $43.02 on Friday. During the day, the stock corrected to an intraday low of $42.46, however, the bulls stepped in and pushed the price higher to close in the green at $42.98 with a gain of 0.92% for the day. The total traded volume for the day was 3,141,277. The stock had closed at $42.59 in the previous trading session.
Public Service Enterprise Group Incorporated (PEG) has been under a strong bear grip, hence the stock is down -2.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.69% in the past 1 week. The stock has risen by 1.2% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.23% in the past 4 weeks.
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.