Empowered Funds LLC Purchases Shares of 509,279 Pacific Gas & Electric Co. $PCG

Key Points

• Empowered Funds LLC acquired 509,279 shares of Pacific Gas & Electric during the second quarter, worth approximately $8.6 million. Institutional investors collectively own 78.56% of PCG.
• Analyst sentiment remains generally positive, with seven Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $22.20. Morgan Stanley and JPMorgan recently lowered their targets, while UBS reaffirmed its Buy rating.
• PG&E reported quarterly EPS of $0.40, beating estimates of $0.36, while revenue reached $5.90 billion. The company maintained fiscal 2026 EPS guidance of $1.64–$1.66, though executive Marlene Santos sold 158,250 shares under a pre-arranged trading plan.

Empowered Funds LLC acquired a new position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 509,279 shares of the utilities provider's stock, valued at approximately $8,566,000.

Other hedge funds have also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new position in shares of Pacific Gas & Electric during the second quarter worth $28,000. Tobam acquired a new position in Pacific Gas & Electric during the 4th quarter worth about $30,000. Torren Management LLC purchased a new position in Pacific Gas & Electric during the 4th quarter valued at about $33,000. Modus Advisors LLC acquired a new position in Pacific Gas & Electric in the 4th quarter valued at about $36,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in Pacific Gas & Electric during the second quarter worth about $57,000. Hedge funds and other institutional investors own 78.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PCG shares. Morgan Stanley dropped their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. UBS Group restated a "buy" rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Wall Street Zen lowered Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings downgraded Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. cut their target price on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Pacific Gas & Electric presently has an average rating of "Moderate Buy" and an average target price of $22.20.

Pacific Gas & Electric Price Performance

Shares of NYSE PCG opened at $16.63 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. Pacific Gas & Electric Co. has a fifty-two week low of $14.34 and a fifty-two week high of $19.16. The firm has a market capitalization of $44.57 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.08 and a beta of 0.28. The stock's 50-day simple moving average is $17.41 and its 200-day simple moving average is $17.33.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced 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 company had revenue of $5.90 billion for 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 firm's revenue 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, equities research analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of the business's stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $2,848,500.00. Following the completion of the sale, the executive vice president directly owned 230,885 shares of the company's stock, valued at approximately $4,155,930. The trade was a 40.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source