766,700 Shares in Pacific Gas & Electric Co. $PCG Acquired by Primecap Management Co. CA

Primecap Management Co. CA acquired a new stake in Pacific Gas & Electric Co. (NYSE:PCG) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 766,700 shares of the utilities provider’s stock, valued at approximately $12,896,000.

Other large investors have also bought and sold shares of the company. CoreCap Advisors LLC boosted its stake in Pacific Gas & Electric by 13.1% in 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 last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Pacific Gas & Electric by 5.7% during 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 during the last quarter. Versant Capital Management Inc raised its position in shares of Pacific Gas & Electric by 19.6% during the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 1,088 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Pacific Gas & Electric by 2.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock valued at $687,000 after purchasing an additional 1,142 shares during the period. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at $28,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Pacific Gas & Electric Trading Down 0.6%

Shares of NYSE PCG opened at $18.25 on Thursday. The company’s fifty day moving average is $17.37 and its 200-day moving average is $17.33. The stock has a market cap of $48.91 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.19 and a beta of 0.28. Pacific Gas & Electric Co. has a twelve month low of $14.34 and a twelve 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.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $0.31 EPS. The firm’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. Equities research analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PCG shares. Wall Street Zen cut Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a research note on Tuesday, August 18th. Morgan Stanley reduced their target price on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Truist Financial decreased their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lowered their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.20.

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.