Insider at Public Service Enterprise Group (PEG) Makes Significant Sale of Stock

Friday, February 02, 2018 10:15 PM ET

Insider at Public Service Enterprise Group (PEG) Makes Significant Sale of Stock

An insider — Ralph Izzo, Director and Officer — sold 20,833 shares of Public Service Enterprise Group having a market value of approximately $1,062,439 today, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 23,017 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 43,850 shares and have averaged 14,617 shares per transaction over this time period.

Insider buy/sell trading at Public Service Enterprise Group is higher than the 70 peer company average over the last 90-day period. The Electric Utilities peer group saw 79 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 231,762 shares purchased and 540,617 shares sold with company insiders selling 3,910 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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