Pacific Gas & Electric Co. $PCG Stock Holdings Lifted by ATLAS Infrastructure Partners UK Ltd.

Key Points

• ATLAS Infrastructure Partners UK Ltd. boosted its holdings in Pacific Gas & Electric Co. by 193.4%, acquiring 6,873,576 additional shares during the first quarter.
• Analysts have mixed opinions on Pacific Gas & Electric, with a consensus rating of "Hold" and a target price averaging $20.55.
• The company's recent quarterly earnings showed a net margin of 9.95% with a miss on earnings per share, reporting $0.31 against an estimate of $0.33.

ATLAS Infrastructure Partners UK Ltd. raised its holdings in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 193.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,428,328 shares of the utilities provider's stock after acquiring an additional 6,873,576 shares during the period. Pacific Gas & Electric makes up 12.6% of ATLAS Infrastructure Partners UK Ltd.'s holdings, making the stock its 6th largest position. ATLAS Infrastructure Partners UK Ltd. owned approximately 0.39% of Pacific Gas & Electric worth $179,159,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in Pacific Gas & Electric during the 1st quarter valued at $31,000. Deseret Mutual Benefit Administrators raised its stake in Pacific Gas & Electric by 45.0% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 674 shares in the last quarter. Colonial Trust Co SC raised its stake in Pacific Gas & Electric by 563.0% during the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 1,627 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Pacific Gas & Electric during the 1st quarter valued at $39,000. Finally, Larson Financial Group LLC raised its stake in Pacific Gas & Electric by 198.1% during the 1st quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 2,027 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PCG. Zacks Research raised Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Morgan Stanley reissued an "underweight" rating on shares of Pacific Gas & Electric in a research note on Thursday, August 21st. UBS Group set a $19.00 price objective on Pacific Gas & Electric in a research note on Friday, August 29th. Argus raised Pacific Gas & Electric to a "hold" rating in a research note on Monday, June 16th. Finally, Barclays dropped their price objective on Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.55.

Pacific Gas & Electric Stock Down 1.0%

NYSE:PCG traded down $0.16 during trading hours on Friday, hitting $15.08. 20,070,825 shares of the company's stock traded hands, compared to its average volume of 21,027,780. The firm has a market cap of $40.33 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.12 and a beta of 0.57. Pacific Gas & Electric Co. has a twelve month low of $12.97 and a twelve month high of $21.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94. The stock's fifty day moving average price is $14.44 and its two-hundred day moving average price is $15.70.

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

Pacific Gas & Electric Profile

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.