1,658,844 Shares in Pacific Gas & Electric Co. $PCG Purchased by Energy Income Partners LLC

Key Points

• Energy Income Partners purchased 1.66 million shares of Pacific Gas & Electric in the second quarter, worth approximately $27.9 million. Institutional investors collectively own 78.56% of PCG.
• Analysts maintain a generally positive outlook, with seven Buy ratings, two Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $22.20.
• PG&E reported quarterly EPS of $0.40, beating estimates of $0.36, while revenue came in below expectations at $5.90 billion. The company reaffirmed fiscal 2026 EPS guidance of $1.64–$1.66 and pays a $0.20 annualized dividend yielding about 1.1%.

Energy Income Partners LLC bought a new stake in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,658,844 shares of the utilities provider's stock, valued at approximately $27,902,000. Energy Income Partners LLC owned approximately 0.06% of Pacific Gas & Electric at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PCG. CoreCap Advisors LLC grew its holdings in shares of 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 purchasing an additional 677 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in 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 worth $288,000 after buying an additional 885 shares during the period. Versant Capital Management Inc lifted its holdings in 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 worth $112,000 after buying an additional 1,088 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position 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 valued at $687,000 after buying an additional 1,142 shares during the period. Finally, Tobam purchased a new position in Pacific Gas & Electric in the 4th quarter valued at approximately $30,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company reissued an "overweight" rating and set a $25.00 target price on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Weiss Ratings cut Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Truist Financial lowered their price objective 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. BMO Capital Markets cut their target price on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of Pacific Gas & Electric from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.20.

Pacific Gas & Electric Stock Performance

Shares of Pacific Gas & Electric stock opened at $17.84 on Wednesday. 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 Co. has a 52 week low of $14.30 and a 52 week high of $19.16. The firm's 50 day moving average is $17.22 and its two-hundred day moving average is $17.23. The firm has a market capitalization of $47.80 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.16 and a beta of 0.28.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $5.90 billion during 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 company's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Research analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Pacific Gas & Electric's dividend payout ratio is currently 14.49%.

Insider Transactions at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The stock was 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 of the company's stock, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by corporate insiders.

Pacific Gas & Electric Company 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.

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