Ieq Capital LLC Makes New Investment in Pacific Gas & Electric Co. $PCG

Ieq Capital LLC bought a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,324,529 shares of the utilities provider’s stock, valued at approximately $72,739,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CoreCap Advisors LLC boosted its stake in shares of Pacific Gas & Electric by 13.1% during the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 677 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Pacific Gas & Electric by 5.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 16,368 shares of the utilities provider’s stock valued at $288,000 after acquiring an additional 885 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Pacific Gas & Electric by 19.6% in the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,088 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Pacific Gas & Electric by 2.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock worth $687,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Pacific Gas & Electric in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Pacific Gas & Electric Stock Down 2.0%

Shares of PCG stock opened at $17.60 on Friday. Pacific Gas & Electric Co. has a 12 month low of $14.34 and a 12 month high of $19.16. The firm has a market cap of $47.17 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.17 and a beta of 0.28. The stock has a 50 day moving average of $17.28 and a 200-day moving average of $17.27. 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 announced its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The business 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%. Pacific Gas & Electric’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total value of $2,848,500.00. Following the sale, the executive vice president directly owned 230,885 shares in the company, valued at $4,155,930. This trade represents a 40.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PCG has been the topic of several analyst reports. BMO Capital Markets lowered 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. Wall Street Zen cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. decreased their price objective on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Morgan Stanley lowered their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, UBS Group reiterated a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Pacific Gas & Electric has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Profile

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.