82,239 Shares in Pacific Gas & Electric Co. $PCG Bought by EFG International AG

Key Points

• EFG International AG acquired 82,239 shares of Pacific Gas & Electric valued at approximately $1.38 million during the second quarter. Institutional investors and hedge funds collectively own 78.56% of PCG.
• Insider Marlene Santos sold 158,250 shares for about $2.85 million under a pre-arranged Rule 10b5-1 trading plan, reducing her holdings by 40.67%; insiders own 0.22% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Hold ratings producing a consensus “Moderate Buy” and an average price target of $22.20. PCG recently reported quarterly EPS of $0.40, beating estimates of $0.36.

EFG International AG bought a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 82,239 shares of the utilities provider's stock, valued at approximately $1,383,000.

Several other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Pacific Gas & Electric during the 1st quarter worth $203,000. Empowered Funds LLC grew its stake in Pacific Gas & Electric by 16.4% in the 1st 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 during the last quarter. Woodline Partners LP grew its stake in Pacific Gas & Electric by 41.2% in the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider's stock valued at $3,184,000 after acquiring an additional 54,033 shares during the last quarter. Focus Partners Wealth increased its holdings in Pacific Gas & Electric by 93.0% during the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider's stock valued at $1,440,000 after acquiring an additional 40,380 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Pacific Gas & Electric by 499.7% during the 2nd 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. Institutional investors and hedge funds own 78.56% of the company's stock.

Insider Buying and Selling

In other news, EVP Marlene Santos sold 158,250 shares of the company's 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 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 legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PCG. 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 report on Friday, July 24th. Weiss Ratings cut shares of Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Truist Financial dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. UBS Group restated a "buy" rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Finally, Wall Street Zen lowered Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Pacific Gas & Electric presently has a consensus rating of "Moderate Buy" and an average target price of $22.20.

Pacific Gas & Electric Price Performance

PCG stock opened at $18.25 on Thursday. The stock has a market capitalization of $48.91 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.19 and a beta of 0.28. 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 $14.34 and a 52-week high of $19.16. The stock's fifty day simple moving average is $17.37 and its 200-day simple moving average is $17.33.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its 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 return on equity of 12.48% and a net margin of 12.25%.The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The business's quarterly revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities research analysts expect that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

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.

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