108,068 Shares in Pacific Gas & Electric Co. $PCG Acquired by Fox Hill Wealth Management

Fox Hill Wealth Management bought a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 108,068 shares of the utilities provider’s stock, valued at approximately $1,818,000.

Other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in shares of Pacific Gas & Electric in the second quarter valued at approximately $28,000. Tobam acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter worth $30,000. Torren Management LLC bought a new stake in Pacific Gas & Electric in the 4th quarter valued at $33,000. Modus Advisors LLC bought a new stake in Pacific Gas & Electric in the 4th quarter valued at $36,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Pacific Gas & Electric in the 2nd quarter worth $57,000. Institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric Stock Down 7.4%

Pacific Gas & Electric stock opened at $16.63 on Friday. The firm has a market capitalization of $44.57 billion, a PE ratio of 12.05, a P/E/G ratio of 1.17 and a beta of 0.28. The company’s 50-day moving average is $17.41 and its 200-day moving average is $17.33. Pacific Gas & Electric Co. has a fifty-two week low of $14.34 and a fifty-two week high of $19.16. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15.

Pacific Gas & Electric (NYSE:PCG) last issued 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. 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 for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the firm earned $0.31 EPS. Pacific Gas & Electric’s quarterly revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president owned 230,885 shares in the company, valued at $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.

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.