Eisler Capital Management Ltd. Increases Stake in Pacific Gas & Electric Co. $PCG

Key Points

• Eisler Capital Management Ltd. increased its holdings in Pacific Gas & Electric Co. by 174.6%, acquiring an additional 45,647 shares during the first quarter, bringing its total to 71,792 shares valued at $1,233,000.
• Pacific Gas & Electric reported $0.31 EPS for the last quarter, missing analysts' expectations, and announced a revenue of $5.90 billion, which was below the estimated $6.37 billion.
• Analysts have mixed ratings for Pacific Gas & Electric, with seven giving it a Buy rating, five a Hold rating, and one a Sell rating; the stock has an average price target of $20.55.

Eisler Capital Management Ltd. increased its holdings in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 174.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,792 shares of the utilities provider's stock after acquiring an additional 45,647 shares during the quarter. Eisler Capital Management Ltd.'s holdings in Pacific Gas & Electric were worth $1,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Deseret Mutual Benefit Administrators boosted its position in Pacific Gas & Electric by 45.0% during 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. Farther Finance Advisors LLC raised its stake in Pacific Gas & Electric by 1.9% during the first quarter. Farther Finance Advisors LLC now owns 42,747 shares of the utilities provider's stock worth $738,000 after purchasing an additional 785 shares during the period. Optiver Holding B.V. raised its stake in Pacific Gas & Electric by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after purchasing an additional 825 shares during the period. Parallel Advisors LLC raised its stake in Pacific Gas & Electric by 2.4% during the first quarter. Parallel Advisors LLC now owns 38,625 shares of the utilities provider's stock worth $664,000 after purchasing an additional 887 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Pacific Gas & Electric by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 188,411 shares of the utilities provider's stock worth $3,237,000 after purchasing an additional 1,010 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PCG. UBS Group set a $19.00 target price on shares of Pacific Gas & Electric in a research note on Friday. Mizuho lifted their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Morgan Stanley reaffirmed an "underweight" rating on shares of Pacific Gas & Electric in a research note on Thursday, August 21st. Barclays reduced their target price on shares of 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. Finally, Argus raised shares of Pacific Gas & Electric to a "hold" rating in a research note on Monday, June 16th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Pacific Gas & Electric presently has a consensus rating of "Hold" and an average price target of $20.55.

Pacific Gas & Electric Trading Up 2.0%

Shares of Pacific Gas & Electric stock traded up $0.31 on Monday, reaching $15.30. The company had a trading volume of 19,336,157 shares, compared to its average volume of 26,094,244. The firm's 50 day moving average price is $14.31 and its two-hundred day moving average price is $15.70. The firm has a market cap of $40.92 billion, a PE ratio of 14.03, a PEG ratio of 1.14 and a beta of 0.57. Pacific Gas & Electric Co. has a 52-week low of $12.97 and a 52-week 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.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released 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 net margin of 9.95% and a return on equity of 10.13%. The company had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.37 billion. During the same period last year, the firm posted $0.31 earnings per share. Pacific Gas & Electric's 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. Sell-side analysts predict 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.