Pacific Gas & Electric Co. $PCG Shares Acquired by Groupama Asset Managment

Key Points

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Groupama Asset Managment increased its stake in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,982,153 shares of the utilities provider's stock after purchasing an additional 23,158 shares during the quarter. Groupama Asset Managment owned approximately 0.07% of Pacific Gas & Electric worth $34,053,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in Pacific Gas & Electric by 55.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 77,846 shares of the utilities provider's stock worth $1,337,000 after purchasing an additional 27,832 shares during the period. Golden State Wealth Management LLC raised its holdings in Pacific Gas & Electric by 431.2% in the 1st quarter. Golden State Wealth Management LLC now owns 3,469 shares of the utilities provider's stock worth $60,000 after purchasing an additional 2,816 shares during the period. GAMMA Investing LLC raised its holdings in Pacific Gas & Electric by 738.7% in the 1st quarter. GAMMA Investing LLC now owns 176,043 shares of the utilities provider's stock worth $3,024,000 after purchasing an additional 155,052 shares during the period. Blue Trust Inc. raised its holdings in Pacific Gas & Electric by 38.1% in the 1st quarter. Blue Trust Inc. now owns 5,316 shares of the utilities provider's stock worth $91,000 after purchasing an additional 1,468 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Pacific Gas & Electric by 138.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 254,549 shares of the utilities provider's stock worth $4,373,000 after purchasing an additional 147,964 shares during the period. 78.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PCG has been the topic of a number of recent analyst reports. Argus raised Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. Evercore ISI boosted their target price on Pacific Gas & Electric from $15.00 to $17.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Morgan Stanley set a $18.00 price target on Pacific Gas & Electric and gave the company an "underweight" rating in a report on Thursday, May 22nd. Mizuho boosted their price target on Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Guggenheim boosted their price target on Pacific Gas & Electric from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Pacific Gas & Electric has an average rating of "Hold" and an average price target of $20.55.

Pacific Gas & Electric Stock Up 3.4%

NYSE:PCG traded up $0.4950 during trading hours on Friday, reaching $15.1650. The company's stock had a trading volume of 27,071,795 shares, compared to its average volume of 28,466,784. The company has a market capitalization of $40.58 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.09 and a beta of 0.54. Pacific Gas & Electric Co. has a 12 month low of $12.97 and a 12 month high of $21.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94. The stock has a 50 day moving average price of $14.19 and a two-hundred day moving average price of $15.73.

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 business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Equities analysts predict that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

About Pacific Gas & Electric

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.