Public Service Enterprise Group Incorporated (NYSE:PEG) traded at a new 52-week high today of $64.44. Approximately 463,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.
Public Service Enterprise Group Incorporated (NYSE:PEG) defies analysts with a current price ($63.68) 10.8% above its average consensus price target of $56.78.
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G), a merchant power generation owner (PSEG Power), and an energy investment firm (PSEG Enterprise). PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG Power owns and operates merchant power plants in the Mid-Atlantic, New York, and the Northeast. Energy Holdings invests in energy-related assets worldwide. PSEG also operates the Long Island Power Authority system.
In the past 52 weeks, Public Service Enterprise Group Incorporated share prices are bracketed by a low of $50.32 and a high of $64.44 and is now at $63.68, 27% above that low price.
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