IFM Investors Pty Ltd Sells 127,706 Shares of Pacific Gas & Electric Co. $PCG

Key Points

• IFM Investors Pty Ltd has reduced its stake in Pacific Gas & Electric Co. by 18.1% during the 1st quarter, now holding 577,854 shares valued at approximately $9.93 million.
• Despite some investors increasing their positions significantly, with GAMMA Investing LLC growing its stake by 738.7%, the company reported a decline in revenue for the last quarter compared to the same period last year.
• Pacific Gas & Electric's stock is currently rated as a "Hold" by analysts, with a consensus target price set at $20.55.

IFM Investors Pty Ltd reduced its position in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 18.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 577,854 shares of the utilities provider's stock after selling 127,706 shares during the period. IFM Investors Pty Ltd's holdings in Pacific Gas & Electric were worth $9,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PCG. Captrust Financial Advisors boosted its holdings in shares of Pacific Gas & Electric by 28.7% in the 4th quarter. Captrust Financial Advisors now owns 82,768 shares of the utilities provider's stock valued at $1,670,000 after purchasing an additional 18,470 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Pacific Gas & Electric by 14.5% in the 4th quarter. Cetera Investment Advisers now owns 101,240 shares of the utilities provider's stock valued at $2,043,000 after acquiring an additional 12,847 shares during the last quarter. Ethic Inc. lifted its stake in shares of Pacific Gas & Electric by 26.1% in the 4th quarter. Ethic Inc. now owns 62,465 shares of the utilities provider's stock valued at $1,261,000 after acquiring an additional 12,911 shares during the last quarter. Focus Partners Wealth raised its position in Pacific Gas & Electric by 7.5% during the 4th quarter. Focus Partners Wealth now owns 43,436 shares of the utilities provider's stock worth $885,000 after purchasing an additional 3,048 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in Pacific Gas & Electric during the 4th quarter worth $830,000. Institutional investors own 78.56% of the company's stock.

Pacific Gas & Electric Stock Down 1.9%

Shares of PCG traded down $0.30 during trading hours on Tuesday, hitting $15.04. The stock had a trading volume of 5,474,477 shares, compared to its average volume of 23,853,715. 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 firm has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $15.66. The firm has a market capitalization of $40.25 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.15 and a beta of 0.57. Pacific Gas & Electric Co. has a 1-year low of $12.97 and a 1-year high of $21.72.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). The company 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 quarter last year, the firm posted $0.31 EPS. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Sell-side analysts predict that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PCG shares. Zacks Research raised Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Barclays lowered their target price on 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. Morgan Stanley reaffirmed an "underweight" rating on shares of Pacific Gas & Electric in a research report on Thursday, August 21st. Mizuho raised their target price on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Argus raised Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $20.20.

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.