{
  "id": 15367273,
  "title": "Ralph LaRossa sells $140,570 in Public Service Enterprise Group stock",
  "url": "https://urgent.news/2026/10/18/ralph-larossa-sells-140-570-in-public-service-enterprise-group-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-18T06:31:24.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/ralph-larossa-sells-140570-in-public-service-enterprise-group-stock-93CH-4955807"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nRecently, 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.",
  "summary": null,
  "key_points": [
    "Ralph LaRossa sold 2,083 PEG shares for $140,570",
    "PEG stock currently at $71.49, down 9% year-to-date",
    "PEG offers 3.75% dividend yield, near Fair Value"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}