Focus Partners Advisor Solutions LLC Buys New Shares in Pacific Gas & Electric Co. $PCG

Key Points

• Focus Partners Advisor Solutions LLC has made a new investment of $816,000 in Pacific Gas & Electric, acquiring 47,513 shares during the first quarter.
• Pacific Gas & Electric received a mix of analyst ratings, including an upgrade to "hold" from Zacks Research and a "buy" from Mizuho, while having a consensus rating of "hold" overall.
• The company's latest earnings report showed earnings per share of $0.31, missing estimates, with revenues of $5.90 billion for the quarter, down 1.5% year-over-year.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 47,513 shares of the utilities provider's stock, valued at approximately $816,000.

Several other institutional investors also recently bought and sold shares of the business. AXA S.A. raised its position in Pacific Gas & Electric by 26.9% during the fourth quarter. AXA S.A. now owns 110,031 shares of the utilities provider's stock valued at $2,220,000 after acquiring an additional 23,353 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Pacific Gas & Electric by 17.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 15,722 shares of the utilities provider's stock valued at $317,000 after buying an additional 2,380 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Pacific Gas & Electric by 11.5% during the fourth quarter. Algert Global LLC now owns 102,397 shares of the utilities provider's stock worth $2,066,000 after buying an additional 10,529 shares in the last quarter. Captrust Financial Advisors grew its position in Pacific Gas & Electric by 28.7% in the fourth quarter. Captrust Financial Advisors now owns 82,768 shares of the utilities provider's stock valued at $1,670,000 after acquiring an additional 18,470 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Pacific Gas & Electric by 14.5% in the 4th quarter. Cetera Investment Advisers now owns 101,240 shares of the utilities provider's stock valued at $2,043,000 after purchasing an additional 12,847 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PCG has been the subject of a number of recent research reports. Barclays dropped their target price on Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, July 22nd. Zacks Research upgraded shares of Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. UBS Group set a $19.00 price target on Pacific Gas & Electric in a research report on Friday, August 29th. Argus upgraded Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. Finally, Mizuho raised their price objective 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. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.55.

Pacific Gas & Electric Trading Down 3.7%

Pacific Gas & Electric stock traded down $0.56 during mid-day trading on Monday, reaching $14.54. 31,133,293 shares of the company traded hands, compared to its average volume of 23,442,500. The firm has a market capitalization of $38.89 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 1.12 and a beta of 0.57. The firm's 50 day moving average price is $14.44 and its 200 day moving average price is $15.70. 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 current ratio of 0.94 and a quick ratio of 0.89.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued 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). The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. On average, analysts anticipate that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current fiscal year.

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.