Shares of Public Service Enterprise Group Incorporated (NYSE:PEG) traded at a new 52-week high today of $62.75. This new high was reached on below average trading volume as 245,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
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.
Public Service Enterprise Group Incorporated share prices have moved between a 52-week high of $62.75 and a 52-week low of $43.87 and are now trading 42% above that low price at $62.46 per share.
Based on a current price of $62.46, Public Service Enterprise Group Incorporated is currently 1.9% above its average consensus analyst price target of $61.29.
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