The President & COO – PSEG Power of Public Service Enterprise (PEG) is Selling Shares

Today, the President & COO – PSEG Power of Public Service Enterprise (PEG), Ralph Larossa, sold shares of PEG for $1.39M.

Following Ralph Larossa’s last PEG Sell transaction on November 13, 2017, the stock climbed by 7.0%. In addition to Ralph Larossa, one other PEG executive reported Sell trades in the last month.

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Based on Public Service Enterprise’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.52 billion and quarterly net profit of $412 million. In comparison, last year the company earned revenue of $2.24 billion and had a net profit of $395 million. PEG’s market cap is $28.17B and the company has a P/E ratio of 12.94. Currently, Public Service Enterprise has an average volume of 766.6K.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $57.64, reflecting a 3.7% upside.

The insider sentiment on Public Service Enterprise has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. It operates through the Public Service Electric & Gas Co. (PSE&G) and Power segments. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas.