Public Service Enterprise Group CEO Sells 2,083 Shares

Source Motley_fool

Key Points

  • The sale was valued at approximately $153,000.

  • The transaction size equaled 0.7% of the direct equity stake held before the filing.

  • The disposal was executed as a direct sale.

  • 10 stocks we like better than Public Service Enterprise Group ›

Ralph A. LaRossa, Chair, President and CEO, reported a sale of 2,083 shares of Public Service Enterprise Group(NYSE:PEG) on Sept. 1, 2026, according to a recent SEC Form 4 filing.

Transaction summary

MetricValue
Transaction value$153,000
Shares sold2,083
Post-transaction shares (directly held)282,000
Post-transaction value$20.6 million

Transaction value based on SEC Form 4 weighted average sale price ($73.46); post-transaction value based on Sept. 1, 2026, market close ($73.48).

Key questions

  • What was the scale of this disposition relative to the CEO's total equity?
    The 2,083 shares sold represented 0.7% of LaRossa's direct position before execution.
  • How was the execution price determined for this transaction?
    The shares were sold at a weighted-average price of $73.46, with individual trade prices ranging from $73.14 to $73.79.
  • What is the status of the insider's remaining direct ownership?
    Following the disposal, the CEO maintains a direct holding of 281,573 shares in the utility company.
  • What was the stock's recent performance trajectory as of the filing?
    Public Service Enterprise Group recorded a one-year total loss of 11% as of the Sept. 1, 2026, transaction date.

Company Overview

MetricValue
Share Price (as of market close 2026-09-01)$73.48
Market Capitalization$36 billion
Revenue (TTM)$12.5 billion
Net Income (TTM)$2 billion

Company Snapshot

  • Public Service Enterprise Group operates as an integrated energy provider delivering electricity transmission and distribution, natural gas distribution, and renewable energy generation services across the Northeastern and Mid-Atlantic United States through its PSE&G and PSEG Power subsidiaries.
  • The company generates revenue through regulated utility operations in the PSE&G segment, which serves residential, commercial, and industrial customers, as well as competitive power generation and renewable energy development through PSEG Power.
  • The company primarily serves residential, commercial, and industrial customers across New Jersey and the surrounding Mid-Atlantic region, with a customer base spanning multiple Northeastern states.

Public Service Enterprise Group is a major regional utility operator with approximately 13,189 employees and a market capitalization of $36 billion, positioning it as a significant infrastructure provider in the Eastern United States. The company's dual-segment structure combines stable, regulated utility operations with competitive power generation, providing diversified revenue streams and exposure to both traditional and renewable energy markets. PSEG's strategic focus on infrastructure modernization and renewable energy expansion supports its competitive positioning within the regulated utility sector.

What this transaction means for investors

On Sept. 1, LaRossa sold 2,083 shares in a transaction valued at $153,000. The stock price has struggled over the past 12 months, with Public Service Enterprise's shares down 11.7% as of this writing. In comparison, the S&P 500 is up 16.2% over the same period. But upon review of the sale, this appears to be just a routine transaction. While LaRossa sold over 2,000 shares, the CEO still holds more than 281,000 shares, indicating continued alignment with the company's success.

For what's potentially ahead for the stock price, analysts appear to be taking a generally cautious tone. Of the 24 who cover the stock, 33% rate it a buy, while 67% rate it a hold, according to CNN. From that group, the median one-year price target is $86, representing a 18.8% gain from the current price of $72.39. From that group, the highest price target of $96 represents a potential gain of 32.6%, while the lowest, $73, suggests the stock won't be trading much higher by this time next September.

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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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