Pacific Gas & Electric (NYSE:PCG) Director Sells $22,500.00 in Stock

Pacific Gas & Electric Co. (NYSE:PCGGet Free Report) Director Kerry Whorton Cooper sold 1,250 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $22,500.00. Following the transaction, the director directly owned 88,475 shares of the company’s stock, valued at $1,592,550. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Price Performance

Shares of PCG stock opened at $17.77 on Friday. The business has a fifty day simple moving average of $17.00 and a 200 day simple moving average of $17.04. The company has a market cap of $47.61 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.15 and a beta of 0.27. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. Pacific Gas & Electric Co. has a twelve month low of $13.31 and a twelve month high of $19.16.

Pacific Gas & Electric (NYSE:PCGGet Free Report) last released its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, sell-side analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. Pacific Gas & Electric’s payout ratio is 14.49%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PCG. Wall Street Zen downgraded shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Truist Financial decreased their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. BMO Capital Markets lowered their price target on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 24th. JPMorgan Chase & Co. dropped their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Finally, Morgan Stanley set a $22.00 price target on Pacific Gas & Electric in a research note on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Pacific Gas & Electric has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Get Our Latest Report on PCG

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Tobam acquired a new stake in Pacific Gas & Electric during the 4th quarter worth approximately $30,000. Torren Management LLC acquired a new position in Pacific Gas & Electric in the 4th quarter valued at approximately $33,000. Modus Advisors LLC acquired a new position in Pacific Gas & Electric in the 4th quarter valued at approximately $36,000. CoreCap Advisors LLC raised its stake in shares of Pacific Gas & Electric by 13.1% during the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 677 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Pacific Gas & Electric by 908.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 5,962 shares during the last quarter. Institutional investors own 78.56% of the company’s stock.

About Pacific Gas & Electric

(Get Free Report)

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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Insider Buying and Selling by Quarter for Pacific Gas & Electric (NYSE:PCG)

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