Pacific Gas & Electric Co. (NYSE:PCG – Get Free Report) EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the sale, the executive vice president owned 230,885 shares of the company’s stock, valued at $4,155,930. This trade represents a 40.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pacific Gas & Electric Stock Up 1.3%
Pacific Gas & Electric stock opened at $17.83 on Wednesday. The firm has a market capitalization of $47.78 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.27. The firm’s fifty day moving average price is $16.94 and its two-hundred day moving average price is $17.01. Pacific Gas & Electric Co. has a 1-year low of $13.31 and a 1-year high of $19.16. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.
Pacific Gas & Electric (NYSE:PCG – Get Free Report) last posted its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities research analysts predict that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.
Pacific Gas & Electric Announces Dividend
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Truist Financial lowered their price target on Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, May 18th. JPMorgan Chase & Co. dropped their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $25.00 price objective on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Finally, BMO Capital Markets reduced their target price on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.30.
Check Out Our Latest Stock Analysis on PCG
Hedge Funds Weigh In On Pacific Gas & Electric
A number of hedge funds and other institutional investors have recently modified their holdings of the business. PFA Pension Forsikringsaktieselskab purchased a new position in Pacific Gas & Electric in the fourth quarter worth $1,898,000. Harrison Street Private Wealth LLC purchased a new stake in shares of Pacific Gas & Electric during the 1st quarter valued at $3,643,000. SG Americas Securities LLC increased its position in shares of Pacific Gas & Electric by 3,875.9% during the 4th quarter. SG Americas Securities LLC now owns 639,689 shares of the utilities provider’s stock valued at $10,280,000 after purchasing an additional 623,600 shares during the last quarter. Horizon Investments LLC raised its stake in shares of Pacific Gas & Electric by 69.7% during the 4th quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider’s stock worth $2,648,000 after purchasing an additional 67,677 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Pacific Gas & Electric by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock worth $1,019,297,000 after purchasing an additional 1,132,249 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.
Pacific Gas & Electric Company Profile
Pacific Gas & Electric (NYSE: PCG) is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company’s core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.
PG&E’s operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.
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