Kaufman Rossin Wealth LLC Purchases New Holdings in Pacific Gas & Electric Co. $PCG

Key Points

• Kaufman Rossin Wealth LLC recently acquired a position in Pacific Gas & Electric Co. worth approximately $308,000, purchasing 17,909 shares during the first quarter.
• The company's stock is currently down 1.4%, with a market cap of $41.16 billion and a P/E ratio of 14.11.
• Pacific Gas & Electric reported earnings per share of $0.31 for the last quarter, missing analyst expectations by $0.02, while its revenue totaled $5.90 billion, down 1.5% year-over-year.

Kaufman Rossin Wealth LLC bought a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,909 shares of the utilities provider's stock, valued at approximately $308,000.

Other hedge funds have also bought and sold shares of the company. Costello Asset Management INC purchased a new stake in Pacific Gas & Electric in the 1st quarter worth $31,000. True Wealth Design LLC lifted its stake in Pacific Gas & Electric by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,690 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Pacific Gas & Electric by 45.0% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock worth $37,000 after purchasing an additional 674 shares in the last quarter. Colonial Trust Co SC lifted its stake in Pacific Gas & Electric by 563.0% in the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after purchasing an additional 1,627 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Pacific Gas & Electric by 198.1% in the 1st quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock worth $52,000 after purchasing an additional 2,027 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI boosted their price target on shares of Pacific Gas & Electric from $15.00 to $17.00 and gave the stock an "in-line" rating in a research note on Monday, April 28th. Barclays decreased their price target on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 22nd. Mizuho boosted their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Zacks Research upgraded shares of Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, Argus upgraded shares of Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. Seven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.55.

Pacific Gas & Electric Price Performance

Shares of Pacific Gas & Electric stock 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 firm has a 50 day moving average price of $14.19 and a 200-day moving average price of $15.73. Pacific Gas & Electric Co. has a one year low of $12.97 and a one year 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. The stock has a market cap of $40.58 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.13 and a beta of 0.54.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter 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. On average, analysts predict that Pacific Gas & Electric Co. will post 1.49 EPS for the current 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.