Pacific Gas & Electric (NYSE:PCG) Director Kerry Whorton Cooper Sells 1,250 Shares of Stock

Pacific Gas & Electric Co. (NYSE:PCG) Director Kerry Whorton Cooper sold 1,250 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total transaction of $22,500.00. Following the sale, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Trading Up 1.3%

Shares of PCG stock opened at $17.83 on Wednesday. The company has a market capitalization of $47.78 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.14 and a beta of 0.27. Pacific Gas & Electric Co. has a 12-month low of $13.31 and a 12-month high of $19.16. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. The firm has a 50-day moving average price of $16.94 and a 200 day moving average price of $17.01.

Pacific Gas & Electric (NYSE:PCG) last posted 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. 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 analyst estimates of $6.20 billion. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Research analysts forecast that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PCG shares. JPMorgan Chase & Co. cut their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. BMO Capital Markets decreased their target price on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday. Truist Financial lowered their target price on Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 price target on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Tobam acquired a new stake in shares of Pacific Gas & Electric in the 4th quarter valued at $30,000. Torren Management LLC bought a new stake in shares of Pacific Gas & Electric during the fourth quarter worth $33,000. Modus Advisors LLC acquired a new position in shares of Pacific Gas & Electric during the fourth quarter valued at $36,000. CoreCap Advisors LLC lifted 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 period. Finally, Brown Brothers Harriman & Co. boosted its holdings in Pacific Gas & Electric by 908.8% in 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. 78.56% of the stock is currently owned by institutional investors.

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.