Wednesday, January 03, 2018 10:15 PM ET
Significant Insider Selling Continues at Public Service Enterprise Group (PEG)
One insider — Ralph Izzo, Director and Officer — today, disposed of 20,833 shares of Public Service Enterprise Group having a market value of approximately $1,067,656, as indicated in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,184 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 23,017 shares and have averaged 11,509 shares per transaction over this time period.
Insider buy/sell trading at Public Service Enterprise Group is above the 70 peer company average over the last 90-day period. The Electric Utilities peer group saw 78 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Public Service Enterprise Group insiders was also higher. Within the peer group there were 231,782 shares purchased and 498,568 shares sold with company insiders having sold 3,420 shares on average.
The data used in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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