Ieq Capital LLC Purchases New Shares in Pacific Gas & Electric Co. $PCG

Key Points

• Ieq Capital acquired 4.32 million PG&E shares worth approximately $72.7 million during the second quarter, giving it a 0.16% stake. Institutional investors collectively own 78.56% of the utility.
• Analyst sentiment remains positive but mixed: PG&E has a consensus “Moderate Buy” rating from 10 analysts and an average price target of $22.20, despite several recent target-price reductions.
• PG&E exceeded quarterly EPS expectations, reporting $0.40 versus the $0.36 consensus, while revenue of $5.90 billion fell short of estimates. The company maintained fiscal 2026 EPS guidance of $1.64–$1.66.

Ieq Capital LLC acquired a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,324,529 shares of the utilities provider's stock, valued at approximately $72,739,000. Ieq Capital LLC owned 0.16% of Pacific Gas & Electric at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in shares of Pacific Gas & Electric in the second quarter worth about $28,000. Tobam acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter valued at approximately $30,000. Torren Management LLC acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter valued at approximately $33,000. Modus Advisors LLC purchased a new stake in shares of Pacific Gas & Electric in the 4th quarter valued at approximately $36,000. Finally, CoreCap Advisors LLC lifted its position in shares of Pacific Gas & Electric by 13.1% in the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider's stock valued at $98,000 after acquiring an additional 677 shares in the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an "overweight" rating on the stock in a research report on Friday, May 15th. Morgan Stanley reduced their target price on Pacific Gas & Electric from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday. UBS Group reaffirmed a "buy" rating on shares of Pacific Gas & Electric in a research report on Tuesday. Wall Street Zen downgraded Pacific Gas & Electric from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Truist Financial decreased their price objective on Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.20.

Pacific Gas & Electric Stock Performance

Shares of NYSE PCG opened at $17.60 on Friday. The business's 50-day moving average price is $17.28 and its two-hundred day moving average price is $17.27. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. Pacific Gas & Electric Co. has a one year low of $14.34 and a one year high of $19.16. The company has a market capitalization of $47.17 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.17 and a beta of 0.28.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last posted 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 company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

About Pacific Gas & Electric

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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