Horizon Investments LLC Has $2.65 Million Stake in Pacific Gas & Electric Co. $PCG

Key Points

• Horizon Investments LLC increased its stake in Pacific Gas & Electric by 69.7% in Q4 to 164,784 shares, worth about $2.65 million, while institutional investors collectively own 78.56% and several other funds made large purchases.
• PG&E beat quarterly estimates with EPS of $0.43 (vs. $0.39) and revenue of $6.88 billion (up 15% YoY), and set FY2026 guidance of 1.640–1.660 EPS (analysts average 1.65).
• The stock carries a consensus rating of "Moderate Buy" with a $22.40 price target versus a current price near $16.22, and trades at a P/E of 12.57 with a $43.46 billion market cap.

Horizon Investments LLC boosted its holdings in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 69.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,784 shares of the utilities provider's stock after purchasing an additional 67,677 shares during the quarter. Horizon Investments LLC's holdings in Pacific Gas & Electric were worth $2,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PCG. SG Americas Securities LLC raised its stake in Pacific Gas & Electric by 3,875.9% in the 4th quarter. SG Americas Securities LLC now owns 639,689 shares of the utilities provider's stock worth $10,280,000 after purchasing an additional 623,600 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Pacific Gas & Electric by 499.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider's stock worth $6,037,000 after purchasing an additional 360,845 shares in the last quarter. Mediolanum International Funds Ltd raised its stake in Pacific Gas & Electric by 49.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 947,127 shares of the utilities provider's stock worth $14,264,000 after purchasing an additional 315,133 shares in the last quarter. Captrust Financial Advisors raised its stake in Pacific Gas & Electric by 168.2% in the 3rd quarter. Captrust Financial Advisors now owns 293,527 shares of the utilities provider's stock worth $4,426,000 after purchasing an additional 184,086 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Pacific Gas & Electric by 32.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 251,260 shares of the utilities provider's stock worth $3,789,000 after purchasing an additional 61,349 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PCG. Jefferies Financial Group reiterated a "hold" rating and issued a $19.00 price objective (down from $20.00) on shares of Pacific Gas & Electric in a research note on Monday, March 23rd. Wells Fargo & Company reiterated an "overweight" rating and issued a $25.00 price objective on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Pacific Gas & Electric in a research note on Friday, March 27th. Wall Street Zen cut shares of Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, UBS Group upgraded shares of Pacific Gas & Electric from a "neutral" rating to a "buy" rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.40.

Pacific Gas & Electric Price Performance

PCG stock opened at $16.22 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 1.88. Pacific Gas & Electric Co. has a 12 month low of $12.97 and a 12 month high of $19.16. The firm has a market cap of $43.46 billion, a P/E ratio of 12.57, a P/E/G ratio of 0.63 and a beta of 0.29. The company's 50-day moving average price is $17.80 and its two-hundred day moving average price is $16.64.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the firm earned $0.33 EPS. The business's quarterly revenue was up 15.0% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Pacific Gas & Electric's dividend payout ratio (DPR) is currently 15.50%.

Insider Activity

In other Pacific Gas & Electric news, EVP John R. Simon sold 45,607 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $18.00, for a total value of $820,926.00. Following the transaction, the executive vice president directly owned 392,303 shares of the company's stock, valued at $7,061,454. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason M. Glickman sold 47,264 shares of Pacific Gas & Electric stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total transaction of $772,766.40. Following the sale, the executive vice president directly owned 136,433 shares in the company, valued at $2,230,679.55. This trade represents a 25.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 131,550 shares of company stock valued at $2,301,512 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

Pacific Gas & Electric Company 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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