Gallagher Fiduciary Advisors LLC Takes Position in Pacific Gas & Electric Co. $PCG

Key Points

• Gallagher Fiduciary Advisors acquired 38.6 million PG&E shares worth approximately $300.9 million, making PCG its third-largest holding and representing about 1.44% of the utility’s outstanding shares.
• PG&E shares traded up 1.2% to $18.33, while the company reported quarterly EPS of $0.40—beating estimates of $0.36—despite revenue of $5.90 billion falling short of expectations.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $22.20; an executive separately sold $2.85 million in shares under a Rule 10b5-1 plan.

Gallagher Fiduciary Advisors LLC acquired a new position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,625,717 shares of the utilities provider's stock, valued at approximately $300,895,000. Pacific Gas & Electric comprises 9.9% of Gallagher Fiduciary Advisors LLC's investment portfolio, making the stock its 3rd biggest holding. Gallagher Fiduciary Advisors LLC owned about 1.44% of Pacific Gas & Electric as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. purchased a new position in Pacific Gas & Electric in the second quarter valued at $28,000. Tobam acquired a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at about $30,000. Torren Management LLC acquired a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at about $33,000. Modus Advisors LLC purchased a new position in shares of Pacific Gas & Electric in the 4th quarter valued at about $36,000. Finally, CoreCap Advisors LLC raised its holdings in Pacific Gas & Electric by 13.1% in the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider's stock worth $98,000 after purchasing an additional 677 shares during the period. Institutional investors and hedge funds own 78.56% of the company's stock.

Pacific Gas & Electric Trading Up 1.2%

Shares of PCG opened at $18.33 on Wednesday. Pacific Gas & Electric Co. has a 12-month low of $14.34 and a 12-month high of $19.16. The firm has a market capitalization of $49.12 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.18 and a beta of 0.28. The firm has a 50-day moving average price of $17.34 and a 200 day moving average price of $17.31. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The business had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The company's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Insider Buying and Selling at Pacific Gas & Electric

In related news, EVP Marlene Santos sold 158,250 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. The trade was a 40.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PCG. BMO Capital Markets dropped their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Truist Financial reduced their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. UBS Group reiterated a "buy" rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Wall Street Zen cut shares of Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Weiss Ratings lowered shares of Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.20.

Pacific Gas & Electric 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.

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