Empowered Funds LLC Purchases New Stake in Pacific Gas & Electric Co. $PCG

Posted by Geri Gentry on Aug 30th, 2026

Empowered Funds LLC bought a new stake in Pacific Gas & Electric Co. (NYSE:PCG – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 509,279 shares of the utilities provider’s stock, valued at approximately $8,566,000.

Several other institutional investors also recently made changes to their positions in the stock. CoreCap Advisors LLC lifted its position in shares of Pacific Gas & Electric by 13.1% during the 2nd 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 period. Fifth Third Wealth Advisors LLC grew its position in shares of Pacific Gas & Electric by 5.7% in the first quarter. Fifth Third Wealth Advisors LLC now owns 16,368 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 885 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Pacific Gas & Electric by 19.6% in the second quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,088 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Pacific Gas & Electric by 2.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock worth $687,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Pacific Gas & Electric during the 2nd quarter worth approximately $28,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Gas & Electric Stock Performance

Pacific Gas & Electric stock opened at $16.63 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $44.57 billion, a P/E ratio of 12.05, a PEG ratio of 1.08 and a beta of 0.28. The stock has a fifty day moving average price of $17.41 and a 200 day moving average price of $17.33. Pacific Gas & Electric Co. has a 52 week low of $14.34 and a 52 week high of $19.16.

Pacific Gas & Electric (NYSE:PCG – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities research analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Insider Activity at Pacific Gas & Electric

In other news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $2,848,500.00. Following the transaction, the executive vice president directly owned 230,885 shares of the company’s stock, valued at $4,155,930. The trade was a 40.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a research note on Tuesday, August 18th. Wall Street Zen cut Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BMO Capital Markets reduced their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. JPMorgan Chase & Co. decreased 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. Finally, Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Check Out Our Latest Stock Report on Pacific Gas & Electric

Pacific Gas & Electric Company Profile

(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.