283,566 Shares in Pacific Gas & Electric Co. $PCG Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP purchased 283,566 PG&E shares during the second quarter, valued at approximately $4.77 million. Institutional investors collectively own 78.56% of the utility’s stock.
• PG&E’s EVP Marlene Santos sold 158,250 shares for approximately $2.85 million under a pre-arranged Rule 10b5-1 trading plan, reducing her position by 40.67%.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $22.20. PG&E also exceeded quarterly EPS expectations, reporting $0.40 versus the $0.36 consensus.

Quantbot Technologies LP purchased a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 283,566 shares of the utilities provider's stock, valued at approximately $4,770,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Pacific Gas & Electric in the 1st quarter worth approximately $203,000. Empowered Funds LLC raised its holdings in shares of Pacific Gas & Electric by 16.4% during the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider's stock valued at $806,000 after acquiring an additional 6,601 shares in the last quarter. Woodline Partners LP lifted its stake 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 during the period. Focus Partners Wealth lifted its stake 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 during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 valued at $6,037,000 after acquiring an additional 360,845 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

Insider Activity

In related news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Truist Financial reduced their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley cut 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. BMO Capital Markets reduced their price target 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. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, Wall Street Zen lowered 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 and three have issued a Hold rating to the stock. According to MarketBeat, Pacific Gas & Electric presently has a consensus rating of "Moderate Buy" and an average price target of $22.20.

Pacific Gas & Electric Price Performance

Shares of PCG stock opened at $17.60 on Friday. The stock has a market cap of $47.17 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.14 and a beta of 0.28. The business's fifty day moving average is $17.28 and its 200 day moving average is $17.27. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 12.48% and a net margin of 12.25%.The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Research analysts expect that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

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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