Public Service Enterprise Group Incorporated (NYSE:PEG) went up to recover about 23.01% since recording its record low price of $49.22. The stock experienced -0.07% slump, arriving at $60.55 on 6/19/2019. During the day, the stock price traveled from $60 to $60.78. This company shares are 3.45% off its target price of $62.64 and the current market capitalization stands at $30.12B. The recent change has given its price a 1.69% lead over SMA 50 and -1.75% deficit over its 52-week high. The stock witnessed 0.3% gains, 2.82% gains and 13.37% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PEG’s volatility during a week at 1.58% and during a month it has been found around 1.54%.
What Does Public Service Enterprise Group Incorporated (PEG) Do?
The company describes itself in regulatory filings as, “Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. It operates through the following two segments: Public Service Electric & Gas Co. (PSE&G) and Power. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas. The Power segment wholesales energy, fuel supply, and energy transacting functions. The company’s products and services include energy, capacity, ancillary services, and emissions allowances and congestion credits. Public Service Enterprise Group was founded in 1903 and is headquartered in Newark, NJ.” [Text can be found here: https://www.marketwatch.com/investing/stock/PEG/profile under company description.]Public Service Enterprise Group Incorporated (PEG) Top Holders
Institutional investors currently hold around $21.31 billion or 72.2% in PEG stock. Look at its top three institutional owners: Blackrock Inc. owns $2.58 billion in Public Service Enterprise Group Incorporated, which represents roughly 8.57% of the company’s market cap and approximately 12.11% of the institutional ownership. Similar statistics are true for the second largest owner, Capital World Investors, which owns 42,514,677 shares of the stock are valued at $2.58 billion. The third largest holder is Vanguard Group Inc, which currently holds $2.47 billion worth of this stock and that ownership represents nearly 8.2% of its market capitalization.
At the end of March reporting period, 363 institutional holders increased their position in Public Service Enterprise Group Incorporated (NYSE:PEG) by some 33,186,075 shares, 375 decreased positions by 30,552,316 and 166 held positions by 288,034,382. That puts total institutional holdings at 351,772,773 shares, according to SEC filings. The stock grabbed 86 new institutional investments totaling 8,469,952 shares while 65 institutional investors sold out their entire positions totaling 5,340,844 shares.Public Service Enterprise Group Incorporated (NYSE:PEG) Insider Trades
Multiple company employees have indulged in significant insider trading. Public Service Enterprise Group Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive VP & CFO Cregg Daniel J has sold 625 shares of Public Service Enterprise Group Incorporated (PEG) in the trading session dated Jun. 17, 2019. These shares are worth $38,075 and were traded at $60.92 each. The SEC filing shows that IZZO RALPH performed a sale of 52,407 shares. The Chairman, President and CEO disposed these shares by way of transaction on Jun. 03, 2019. The company’s shares were given away at $58.78 per share worth to an income of some $3,080,483 to the account of IZZO RALPH.
President & COO – PSEG Power, LaRossa Ralph A, sold 1,650 common shares of Public Service Enterprise Group Incorporated (PEG) in the open market. In a transaction dated Jun. 03, 2019, the shares were put up for sale at an average price of $58.8, raking in a sum of $97,020. After this sale, 85,068 common shares of PEG are directly owned by the insider, with total stake valued at $5,150,841.
In the transaction dated May. 15, 2019, a great number of shares sold came courtesy the Executive VP & CFO; Cregg Daniel J disposed a total of 625 shares at an average price of $59.25, amounting to approximately $37,031. The insider now directly owns 61,458 shares worth $3,721,278.Public Service Enterprise Group Incorporated (PEG) Analyst Guide
Several analysts have released their opinion on Public Service Enterprise Group Incorporated (NYSE:PEG), with 7 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.94 average brokerage recommendation [T1].