Pacific Gas & Electric Co. $PCG Shares Bought by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd significantly increased its stake in Pacific Gas & Electric Co. by 278.2% during the 1st quarter, now owning 86,665 shares valued at approximately $1.505 million.
• The stock price of Pacific Gas & Electric has risen 2.2%, with a current market capitalization of $40.92 billion and a 52-week range between $12.97 and $21.72.
• Most recent earnings reported showed Pacific Gas & Electric had an EPS of $0.31, missing estimates, and revenue of $5.90 billion, reflecting a 1.5% decline year-over-year.

Plato Investment Management Ltd boosted its stake in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 278.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,665 shares of the utilities provider's stock after acquiring an additional 63,747 shares during the period. Plato Investment Management Ltd's holdings in Pacific Gas & Electric were worth $1,505,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in shares of Pacific Gas & Electric in the 1st quarter valued at about $31,000. Deseret Mutual Benefit Administrators increased its holdings in Pacific Gas & Electric by 45.0% in the first quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock valued at $37,000 after buying an additional 674 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Pacific Gas & Electric during the first quarter valued at approximately $39,000. Larson Financial Group LLC lifted its holdings in Pacific Gas & Electric by 198.1% during the 1st quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock worth $52,000 after buying an additional 2,027 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its position in shares of Pacific Gas & Electric by 57.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 3,445 shares of the utilities provider's stock worth $59,000 after acquiring an additional 1,260 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Stock Up 2.2%

PCG stock opened at $15.30 on Thursday. The stock has a market cap of $40.92 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. The firm's 50-day simple moving average is $14.49 and its 200 day simple moving average is $15.68. Pacific Gas & Electric Co. has a fifty-two week low of $12.97 and a fifty-two week 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 posted its 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). Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the company posted $0.31 EPS. Pacific Gas & Electric's revenue for the quarter was down 1.5% on a year-over-year basis. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. As a group, sell-side analysts predict that Pacific Gas & Electric Co. will post 1.49 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Argus raised Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. UBS Group set a $19.00 target price on shares of Pacific Gas & Electric in a research note on Friday, August 29th. Zacks Research upgraded shares of Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Barclays decreased 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 report on Tuesday, July 22nd. Finally, Mizuho increased their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Pacific Gas & Electric presently has a consensus rating of "Hold" and an average target price of $20.55.

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.

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