EP Wealth Advisors LLC Invests $1.27 Million in Pacific Gas & Electric Co. $PCG

EP Wealth Advisors LLC purchased a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 75,573 shares of the utilities provider's stock, valued at approximately $1,271,000.

Other large investors also recently bought and sold shares of the company. Focus Partners Advisor Solutions LLC bought a new stake in Pacific Gas & Electric in the 2nd quarter worth approximately $4,044,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Pacific Gas & Electric in the fourth quarter worth $1,898,000. Harrison Street Private Wealth LLC purchased a new stake in Pacific Gas & Electric during the first quarter valued at $3,643,000. Horizon Investments LLC increased its position in Pacific Gas & Electric by 69.7% during the fourth quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider's stock valued at $2,648,000 after acquiring an additional 67,677 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Pacific Gas & Electric by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider's stock valued at $1,019,297,000 after acquiring an additional 1,132,249 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Insider Activity at Pacific Gas & Electric

In other news, EVP Marlene Santos sold 158,250 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 230,885 shares in the company, valued at $4,155,930. This trade represents a 40.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an "overweight" rating for the company in a research note on Friday, May 15th. Truist Financial lowered their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. BMO Capital Markets dropped their price objective 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. Morgan Stanley reduced their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday. Finally, UBS Group reiterated a "buy" rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Pacific Gas & Electric presently has a consensus rating of "Moderate Buy" and an average price target of $22.20.

Pacific Gas & Electric Price Performance

PCG stock opened at $17.60 on Monday. The business's 50-day moving average price is $17.28 and its 200-day moving average price is $17.28. The stock has a market cap of $47.17 billion, a P/E ratio of 12.75, a PEG ratio of 1.14 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 twelve month low of $14.34 and a twelve month high of $19.16.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities research analysts forecast 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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