PFA Pension Forsikringsaktieselskab Acquires Shares of 118,054 Pacific Gas & Electric Co. $PCG

PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 118,054 shares of the utilities provider’s stock, valued at approximately $1,898,000.

Several other large investors have also bought and sold shares of the stock. Horizon Investments LLC lifted its stake in Pacific Gas & Electric by 69.7% during the 4th quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider’s stock valued at $2,648,000 after acquiring an additional 67,677 shares in the last quarter. Torren Management LLC bought a new position in Pacific Gas & Electric during the 4th quarter valued at $33,000. Miller Howard Investments Inc. NY lifted its stake in Pacific Gas & Electric by 4.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 81,575 shares of the utilities provider’s stock valued at $1,311,000 after acquiring an additional 3,423 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Pacific Gas & Electric by 80.3% during the 4th quarter. Farther Finance Advisors LLC now owns 81,917 shares of the utilities provider’s stock valued at $1,316,000 after acquiring an additional 36,480 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its stake in Pacific Gas & Electric by 45.7% during the 4th quarter. Transcend Capital Advisors LLC now owns 71,081 shares of the utilities provider’s stock valued at $1,142,000 after acquiring an additional 22,298 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

Insider Transactions at Pacific Gas & Electric

In related news, EVP Carla J. Peterman sold 31,786 shares of Pacific Gas & Electric stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $18.31, for a total value of $582,001.66. Following the completion of the sale, the executive vice president owned 195,091 shares of the company’s stock, valued at approximately $3,572,116.21. This trade represents a 14.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Simon sold 45,607 shares of Pacific Gas & Electric stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $18.00, for a total value of $820,926.00. Following the completion of the sale, the executive vice president directly owned 392,303 shares of the company’s stock, valued at approximately $7,061,454. This trade represents a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 131,550 shares of company stock worth $2,301,512. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PCG. Barclays raised their price objective on Pacific Gas & Electric from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Morgan Stanley set a $23.00 price objective on Pacific Gas & Electric in a research note on Friday, February 20th. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 target price on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Truist Financial began coverage on Pacific Gas & Electric in a research note on Monday, April 20th. They set a “buy” rating and a $23.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.40.

Pacific Gas & Electric Trading Down 1.4%

NYSE PCG opened at $16.22 on Tuesday. The stock has a market capitalization of $43.46 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.63 and a beta of 0.29. Pacific Gas & Electric Co. has a one year low of $12.97 and a one year high of $19.16. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.20 and a quick ratio of 1.13. The business’s fifty day moving average is $17.80 and its 200-day moving average is $16.64.

Pacific Gas & Electric (NYSE:PCG) last released its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities research analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Pacific Gas & Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.2%. Pacific Gas & Electric’s dividend payout ratio (DPR) is 15.50%.

About Pacific Gas & Electric

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.