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

Ralph A. LaRossa, who serves as Chair, President and CEO, and a director at Public Service Enterprise Group Inc. (NASDAQ:PEG), sold shares of the company’s common stock, according to a recent SEC filing.

On October 1, 2026, Mr. LaRossa disposed of 2,083 shares of Public Service Enterprise Group common stock. The shares were sold at prices ranging from $66.76 to $67.96, for a total transaction value of approximately $140,570. The stock has since risen to $71.49, though it remains down roughly 9% year-to-date.

Following this transaction, Mr. LaRossa beneficially owns 279,490.4593 shares of Public Service Enterprise Group common stock. The transaction was reported in a filing dated October 2, 2026.The utility company has maintained dividend payments for 56 consecutive years and currently offers a 3.75% yield. According to InvestingPro analysis, PEG is trading near its Fair Value, with the platform’s comprehensive Pro Research Report—available for this and 1,400+ other US equities—providing detailed insights into the company’s financial health and valuation metrics.

In other recent news, Public Service Enterprise Group Inc. (PSEG) reported its second-quarter 2026 financial results, revealing mixed performance. The company achieved non-GAAP operating earnings of $0.86 per share, surpassing Wall Street’s estimate of $0.83. However, PSEG’s revenue fell short of expectations, coming in at $2.55 billion compared to the forecasted $2.73 billion. Despite the revenue miss, management reaffirmed its full-year earnings guidance, highlighting steady utility investment and strong nuclear operations as contributing factors for future growth.

In another development, Truist Securities adjusted its price target for PSEG, lowering it from $84 to $78 while maintaining a Hold rating. The adjustment was attributed to ongoing regulatory processes in New Jersey and PJM, which are anticipated to extend through the end of the year and into 2027. Truist Securities projects third-quarter earnings per share of $1.18 and 2026 EPS of $4.37, aligning closely with PSEG’s guidance range of $4.28 to $4.40. These recent developments reflect the current landscape for PSEG as it navigates regulatory challenges and aims for continued growth.