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.
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.
| Metric | Value |
|---|---|
| Transaction value | $153,000 |
| Shares sold | 2,083 |
| 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).
| Metric | Value |
|---|---|
| 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 |
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.
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.