Pacific Gas & Electric Co. $PCG Shares Bought by Norinchukin Bank The

Key Points

• Norinchukin Bank The increased its stake in Pacific Gas & Electric Co. by 17.3%, owning 127,343 shares valued at approximately $2.19 million.
• The stock of Pacific Gas & Electric saw a 3.4% increase and has a market cap of $40.58 billion, with a current P/E ratio of 13.91.
• Pacific Gas & Electric's recent quarterly earnings showed an EPS of $0.31, missing estimates, with a projected EPS guidance of 1.480-1.520 for FY 2025.

Norinchukin Bank The increased its position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,343 shares of the utilities provider's stock after buying an additional 18,760 shares during the period. Norinchukin Bank The's holdings in Pacific Gas & Electric were worth $2,188,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Pacific Gas & Electric in the first quarter valued at approximately $31,000. True Wealth Design LLC increased its position in Pacific Gas & Electric by 1,233.6% during the fourth 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 during the last quarter. Deseret Mutual Benefit Administrators increased its position in Pacific Gas & Electric by 45.0% during the first 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 during the last quarter. Colonial Trust Co SC increased its position in Pacific Gas & Electric by 563.0% during the fourth 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 during the last quarter. Finally, Larson Financial Group LLC increased its position in Pacific Gas & Electric by 198.1% during the first 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 during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PCG shares. Mizuho upped their price target on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Zacks Research raised shares of Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Morgan Stanley reaffirmed an "underweight" rating on shares of Pacific Gas & Electric in a research report on Thursday, August 21st. Barclays dropped their price target on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, July 22nd. Finally, Argus raised shares of Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Pacific Gas & Electric has an average rating of "Hold" and an average price target of $20.55.

Pacific Gas & Electric Trading Up 0.4%

Shares of Pacific Gas & Electric stock traded up $0.06 during trading hours on Wednesday, hitting $15.11. The company's stock had a trading volume of 14,524,391 shares, compared to its average volume of 23,655,623. The business has a fifty day moving average of $14.24 and a 200 day moving average of $15.72. The company has a market capitalization of $40.41 billion, a PE ratio of 13.86, a P/E/G ratio of 1.11 and a beta of 0.54. Pacific Gas & Electric Co. has a 1-year low of $12.97 and a 1-year high of $21.72. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.37 billion. Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. Pacific Gas & Electric's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. As a group, equities analysts forecast that Pacific Gas & Electric Co. will post 1.49 EPS for the current 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.