Ralph LaRossa sells $140,570 in Public Service Enterprise Group stock

Ralph A. LaRossa, Chair, President and CEO of Public Service Enterprise Group Inc. (PEG), sold 2,083 shares of the company's common stock on October 1, 2026. The transaction occurred within a price range of $66.76 to $67.96 per share, resulting in a total value of around $140,570. As of now, PEG stock has climbed to $71.49, although it is down about 9% for the year so far. Following the sale, LaRossa still holds 279,490.4593 shares of PEG common stock.

The utility company has maintained consistent dividend payments for 56 years, currently offering a yield of 3.75%. According to InvestingPro analysis, PEG is trading near its Fair Value, with a detailed Pro Research Report available for those interested. In late October 2026, PSEG reported its second-quarter 2026 financial results, showing a non-GAAP operating earnings per share of $0.86, exceeding the estimated $0.83.

However, revenue came in at $2.55 billion, below the projected $2.73 billion. Despite the revenue shortfall, management reaffirmed its full-year earnings guidance, citing continued utility investments and strong nuclear operations as potential drivers of future growth.

Recently, Truist Securities revised its price target for PSEG, lowering it from $84 to $78 and maintaining a Hold rating. The adjustment was due to ongoing regulatory processes in New Jersey and PJM, anticipated to continue through the end of 2026 and into 2027. Truist Securities expects third-quarter earnings per share of $1.18 and 2026 earnings per share of $4.37, aligning with PSEG's projected guidance range of $4.28 to $4.40.