PSEG CEO Sells Small Stake Amid Mixed Analyst Outlook
Ralph LaRossa trimmed just 0.7% of his PSEG holdings for $153K, even as analysts see an 18.8% upside ahead.
If you spotted a headline about a CEO selling company stock and felt your heart rate spike, take a breath — this one is pretty tame. Public Service Enterprise Group's top boss, Ralph A. LaRossa, unloaded 2,083 shares of PSEG (NYSE: PEG) on September 1, 2026, pocketing roughly $153,000 in the process. That sounds like a lot of cash, but in the grand scheme of things, it's a tiny move.
Here's why context matters: that sale represents just 0.7% of LaRossa's direct holdings. The man still owns more than 281,000 shares of PSEG, so calling this a vote of no confidence would be a stretch. Executives sell stock for all kinds of mundane reasons — tax planning, diversification, paying for a kid's college tuition — and a sub-1% trim barely registers as a signal worth panicking over.
Read more NextEra and Dominion Energy Merger Could Serve 10M Customers →
Still, the broader stock picture gives investors something to chew on. PSEG shares have slipped 11.7% over the past year, which isn't exactly a victory lap for anyone holding the stock. That kind of decline can sting, especially in the utility sector where investors often park money expecting boring-but-reliable gains rather than roller-coaster rides.
The silver lining? Wall Street analysts aren't ready to give up on the stock. Their median one-year price target implies an 18.8% gain from current levels, though the outlook is described as mixed — meaning not everyone on the Street is in the bull camp. For long-term utility investors, that kind of potential rebound might be worth watching, even if the near-term story has been bumpy.
Continue reading at Yahoo Finance
