18,719,059 Shares in Pacific Gas & Electric Co. $PCG Purchased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,719,059 shares of the utilities provider's stock, valued at approximately $314,855,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.70% of Pacific Gas & Electric at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Pacific Gas & Electric in the 1st quarter valued at approximately $203,000. Empowered Funds LLC grew its holdings in Pacific Gas & Electric by 16.4% during the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider's stock worth $806,000 after acquiring an additional 6,601 shares during the period. Woodline Partners LP raised its position in Pacific Gas & Electric by 41.2% in the first quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider's stock worth $3,184,000 after acquiring an additional 54,033 shares in the last quarter. Focus Partners Wealth raised its position in Pacific Gas & Electric by 93.0% in the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider's stock worth $1,440,000 after acquiring an additional 40,380 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Pacific Gas & Electric by 499.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider's stock worth $6,037,000 after acquiring an additional 360,845 shares in the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Gas & Electric Price Performance

Pacific Gas & Electric stock opened at $17.60 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.14 and a beta of 0.28. Pacific Gas & Electric Co. has a fifty-two week low of $14.34 and a fifty-two week high of $19.16. The stock's fifty day moving average is $17.28 and its two-hundred day moving average is $17.28.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter last year, the business posted $0.31 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the completion of the transaction, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PCG shares. Weiss Ratings lowered shares of Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 4th. UBS Group reiterated a "buy" rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Morgan Stanley reduced their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Friday, May 15th. Finally, BMO Capital Markets lowered 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 report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.20.

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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