EP Wealth Advisors LLC Sells 21,392 Shares of Pacific Gas & Electric Co. $PCG

Key Points

• EP Wealth Advisors LLC reduced its stake in Pacific Gas & Electric Co. by 27.0%, selling 21,392 shares, and now holds 57,707 shares valued at approximately $991,000.
• Pacific Gas & Electric reported $0.31 EPS for the last quarter, missing the consensus estimate of $0.33 and generated revenue of $5.90 billion, falling short of expectations of $6.37 billion.
• The company currently has a consensus rating of "Hold" among analysts, with an average price target of $20.55 and varying ratings from seven Buy, five Hold, to one Sell.

EP Wealth Advisors LLC cut its stake in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 27.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,707 shares of the utilities provider's stock after selling 21,392 shares during the quarter. EP Wealth Advisors LLC's holdings in Pacific Gas & Electric were worth $991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators boosted its holdings in shares of Pacific Gas & Electric by 45.0% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock valued at $37,000 after buying an additional 674 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 valued at $738,000 after acquiring an additional 785 shares during the last quarter. Parallel Advisors LLC boosted its stake in Pacific Gas & Electric by 2.4% in the first quarter. Parallel Advisors LLC now owns 38,625 shares of the utilities provider's stock valued at $664,000 after acquiring an additional 887 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of 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 in the last quarter. Finally, Gemmer Asset Management LLC lifted its holdings in shares of Pacific Gas & Electric by 3.0% during the 1st quarter. Gemmer Asset Management LLC now owns 39,772 shares of the utilities provider's stock valued at $683,000 after purchasing an additional 1,165 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

Pacific Gas & Electric Price Performance

Shares of NYSE PCG opened at $15.08 on Friday. Pacific Gas & Electric Co. has a 52 week low of $12.97 and a 52 week high of $21.72. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a market cap of $40.33 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.13 and a beta of 0.57. The business's 50 day moving average price is $14.44 and its 200 day moving average price is $15.70.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $5.90 billion during the quarter, compared to analysts' expectations 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 revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. On average, sell-side analysts expect that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on PCG. Morgan Stanley restated an "underweight" rating on shares of Pacific Gas & Electric in a research note on Thursday, August 21st. Barclays cut their price objective on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, July 22nd. Argus upgraded shares of Pacific Gas & Electric to a "hold" rating in a research note on Monday, June 16th. UBS Group set a $19.00 target price on shares of Pacific Gas & Electric in a research report on Friday, August 29th. Finally, Mizuho raised their price target on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Seven equities research 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $20.55.

Pacific Gas & Electric Company 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.

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