The President & COO – PSEG Power of Public Service Enterprise is Exercising Options

By Carrie Williams

Yesterday, the President & COO – PSEG Power of Public Service Enterprise, Ralph Larossa, exercised options of Public Service Enterprise for $1.65M. The options were close to expired and Ralph Larossa disposed stocks.

Following Ralph Larossa’s last PEG Sell transaction on May 19, 2017, the stock climbed by 7.5%.

The company has a one-year high of $51.03 and a one-year low of $40.08. PEG’s market cap is $25.58B and the company has a P/E ratio of 49.42. Currently, Public Service Enterprise has an average volume of 3.61M.

Four different firms, including Merrill Lynch and Goldman Sachs, currently also have a Sell rating on the stock. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $48.5, reflecting a 4.5% upside.

The insider sentiment on Public Service Enterprise has been negative according to 40 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.