AlphaQuest LLC Increases Holdings in Pacific Gas & Electric Co. $PCG

Key Points

• AlphaQuest LLC increased its stake in Pacific Gas & Electric Co. by 197.6%, holding 25,325 shares worth approximately $435,000.
• Pacific Gas & Electric reported $0.31 earnings per share in its last quarter, missing estimates by $0.02, and experienced a year-over-year revenue decline of 1.5%.
• The stock has a consensus rating of "Hold" among analysts, with a target price averaging $20.55.

AlphaQuest LLC raised its stake in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 197.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,325 shares of the utilities provider's stock after acquiring an additional 16,815 shares during the quarter. AlphaQuest LLC's holdings in Pacific Gas & Electric were worth $435,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of Pacific Gas & Electric in the first quarter worth $31,000. True Wealth Design LLC raised its holdings in shares of Pacific Gas & Electric by 1,233.6% in the fourth quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,690 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of Pacific Gas & Electric by 45.0% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock worth $37,000 after acquiring an additional 674 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of Pacific Gas & Electric by 563.0% in the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after acquiring an additional 1,627 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Pacific Gas & Electric by 198.1% in the first quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock worth $52,000 after acquiring an additional 2,027 shares during the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Stock Up 1.0%

Shares of NYSE:PCG opened at $15.06 on Wednesday. The stock's 50-day moving average price is $14.24 and its two-hundred day moving average price is $15.72. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81. Pacific Gas & Electric Co. has a 12-month low of $12.97 and a 12-month high of $21.72. The firm has a market cap of $40.28 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.11 and a beta of 0.54.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the business posted $0.31 earnings per share. The firm's quarterly revenue was down 1.5% on a year-over-year basis. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. On average, research analysts forecast that Pacific Gas & Electric Co. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

PCG has been the subject of a number of analyst reports. Mizuho boosted their price target on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Barclays lowered their price objective on Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, July 22nd. Zacks Research upgraded Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Argus raised Pacific Gas & Electric to a "hold" rating in a research note on Monday, June 16th. Finally, Morgan Stanley reissued an "underweight" rating on shares of Pacific Gas & Electric in a research note on Thursday, August 21st. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $20.55.

About Pacific Gas & Electric

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.

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