75,573 Shares in Pacific Gas & Electric Co. $PCG Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,573 shares of the utilities provider’s stock, valued at approximately $1,271,000.

Other institutional investors have also added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. bought a new stake in shares of Pacific Gas & Electric during the second quarter valued at approximately $28,000. Tobam bought a new position in shares of Pacific Gas & Electric during the fourth quarter worth $30,000. Torren Management LLC purchased a new position in Pacific Gas & Electric during the fourth quarter valued at $33,000. Modus Advisors LLC purchased a new position in Pacific Gas & Electric during the fourth quarter valued at $36,000. Finally, CoreCap Advisors LLC increased its holdings in Pacific Gas & Electric by 13.1% in 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 last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on PCG shares. Wall Street Zen downgraded shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. JPMorgan Chase & Co. decreased their target price on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Truist Financial dropped their price target on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, BMO Capital Markets cut their price target on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Insider Buying and Selling

In other Pacific Gas & Electric news, 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 transaction, the executive vice president owned 230,885 shares in the company, valued at $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 owned by insiders.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG opened at $17.60 on Monday. Pacific Gas & Electric Co. has a 52 week low of $14.34 and a 52 week high of $19.16. The stock has a market capitalization of $47.17 billion, a P/E ratio of 12.75, a PEG ratio of 1.14 and a beta of 0.28. The firm has a fifty day simple moving average of $17.28 and a two-hundred day simple moving average of $17.28. 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 (NYSE:PCG) last posted its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts expect that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

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.