Pacific Gas & Electric (NYSE:PCG) EVP John Simon Sells 45,607 Shares

Pacific Gas & Electric Co. (NYSE:PCG) EVP John Simon sold 45,607 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $18.00, for a total transaction of $820,926.00. Following the completion of the transaction, the executive vice president directly owned 392,303 shares of the company’s stock, valued at approximately $7,061,454. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Pacific Gas & Electric Price Performance

PCG traded up $0.11 during trading on Friday, reaching $18.21. The stock had a trading volume of 3,371,021 shares, compared to its average volume of 22,324,613. The business has a 50-day moving average of $16.00 and a 200-day moving average of $15.75. Pacific Gas & Electric Co. has a one year low of $12.97 and a one year high of $18.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.92 and a current ratio of 0.97. The stock has a market cap of $40.01 billion, a PE ratio of 15.43, a PEG ratio of 0.69 and a beta of 0.36.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 12th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Pacific Gas & Electric had a net margin of 10.84% and a return on equity of 11.28%. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter in the prior year, the company earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, equities research analysts anticipate that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.1%. This is a boost from Pacific Gas & Electric’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, December 31st. Pacific Gas & Electric’s dividend payout ratio (DPR) is presently 16.95%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Pacific Gas & Electric by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock worth $1,019,297,000 after acquiring an additional 1,132,249 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Pacific Gas & Electric by 2.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,799,953 shares of the utilities provider’s stock worth $80,851,000 after buying an additional 111,125 shares in the last quarter. Rhumbline Advisers increased its holdings in Pacific Gas & Electric by 4.4% in the second quarter. Rhumbline Advisers now owns 4,497,447 shares of the utilities provider’s stock valued at $62,694,000 after buying an additional 189,353 shares in the last quarter. Pinebridge Investments LLC purchased a new stake in shares of Pacific Gas & Electric during the 4th quarter worth about $28,967,000. Finally, Strs Ohio grew its position in shares of Pacific Gas & Electric by 23.6% during the 2nd quarter. Strs Ohio now owns 1,174,404 shares of the utilities provider’s stock valued at $16,371,000 after acquiring an additional 223,904 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analyst Upgrades and Downgrades

PCG has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Pacific Gas & Electric from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Monday, December 29th. Jefferies Financial Group dropped their target price on shares of Pacific Gas & Electric from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Barclays lifted their price target on shares of Pacific Gas & Electric from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley reissued an “underperform” rating on shares of Pacific Gas & Electric in a report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pacific Gas & Electric presently has a consensus rating of “Hold” and a consensus price target of $20.91.

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.