Shares of Public Service Enterprise Group Incorporated (PEG) Sees Large Inflow of Net Money Flow

Public Service Enterprise Group Incorporated (PEG) : Wednesdays money flow data in Public Service Enterprise Group Incorporated (PEG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $9.08 million, whereas, $7.52 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.21, in favor of the bulls. The total money flow into the stock was $1.57 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.25 million. The total value of block trades done on upticks was $2.25 million. Public Service Enterprise Group Incorporated (PEG) fell $0.05 and traded at $42.75, down -0.12% for the day, over previous days close. On a weekly basis, the shares are -2.4% over the previous weeks close.

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Public Service Enterprise Group Inc. has dropped 2.02% in the last five trading days, however, the shares have posted positive gains of 0.7% in the last 4 weeks. Public Service Enterprise Group Inc. has dropped 4.7% during the last 3-month period . Year-to-Date the stock performance stands at 13.62%.

Public Service Enterprise Group Incorporated (PEG) : Zacks Investment Research ranks Public Service Enterprise Group Incorporated (PEG) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.67, which indicates as a Hold.

Public Service Enterprise Group Incorporated (NYSE:PEG): stock was range-bound between the intraday low of $42.4 and the intraday high of $43.04 after having opened at $42.94 on Wednesdays session. The stock finally closed in the red at $42.94, a loss of -0.12%. The stock remained in the red for the whole trading day. The total traded volume was 1,598,767 shares. The stock failed to cross $43.04 in Wednesdays trading. The stocks closing price on Thursday was $42.8.

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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