79,575 Shares in Pacific Gas & Electric Co. $PCG Purchased by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group purchased 79,575 shares of Pacific Gas & Electric worth approximately $1.34 million in the second quarter. Institutional investors collectively own 78.56% of PCG.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $22.20, compared with shares trading near $17.84.
• PG&E reported quarterly adjusted EPS of $0.40, exceeding estimates of $0.36, while revenue totaled $5.90 billion. The company reaffirmed fiscal 2026 EPS guidance of $1.64–$1.66 and pays a quarterly dividend of $0.05.

Citizens Financial Group Inc. RI bought a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 79,575 shares of the utilities provider's stock, valued at approximately $1,338,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PCG. Focus Partners Advisor Solutions LLC bought a new stake in Pacific Gas & Electric in the second quarter worth $4,044,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of Pacific Gas & Electric during the fourth quarter valued at about $1,898,000. Harrison Street Private Wealth LLC purchased a new position in shares of Pacific Gas & Electric in the first quarter worth about $3,643,000. Horizon Investments LLC increased its holdings in shares of Pacific Gas & Electric by 69.7% in the fourth quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider's stock worth $2,648,000 after buying an additional 67,677 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Pacific Gas & Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider's stock valued at $1,019,297,000 after acquiring an additional 1,132,249 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Insider Activity at Pacific Gas & Electric

In other news, EVP Marlene Santos sold 158,250 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 230,885 shares of the company's stock, valued at $4,155,930. This represents a 40.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PCG shares. Wells Fargo & Company reissued an "overweight" rating and set a $25.00 price objective on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Weiss Ratings downgraded Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Truist Financial reduced their price objective on Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. cut 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. Finally, Wall Street Zen downgraded Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Pacific Gas & Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.20.

Pacific Gas & Electric Price Performance

Shares of NYSE:PCG opened at $17.84 on Wednesday. Pacific Gas & Electric Co. has a 12 month low of $14.30 and a 12 month high of $19.16. 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. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. The company's fifty day moving average price is $17.22 and its 200 day moving average price is $17.23.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 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 firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. Pacific Gas & Electric'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. As a group, sell-side analysts predict that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. Pacific Gas & Electric's dividend payout ratio (DPR) is 14.49%.

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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