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 lowered its stake 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. The institutional investor owned 577,854 shares of the utilities provider's stock after selling 127,706 shares during the quarter. IFM Investors Pty Ltd's holdings in Pacific Gas & Electric were worth $9,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in Pacific Gas & Electric by 55.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 77,846 shares of the utilities provider's stock worth $1,337,000 after purchasing an additional 27,832 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Pacific Gas & Electric by 431.2% in the first quarter. Golden State Wealth Management LLC now owns 3,469 shares of the utilities provider's stock worth $60,000 after purchasing an additional 2,816 shares during the last quarter. GAMMA Investing LLC boosted its position in Pacific Gas & Electric by 738.7% in the first quarter. GAMMA Investing LLC now owns 176,043 shares of the utilities provider's stock worth $3,024,000 after purchasing an additional 155,052 shares during the last quarter. Blue Trust Inc. boosted its position in Pacific Gas & Electric by 38.1% in the first quarter. Blue Trust Inc. now owns 5,316 shares of the utilities provider's stock worth $91,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Pacific Gas & Electric by 138.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 254,549 shares of the utilities provider's stock worth $4,373,000 after purchasing an additional 147,964 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

Pacific Gas & Electric Price Performance

NYSE PCG traded down $0.26 during trading on Friday, reaching $15.47. The company's stock had a trading volume of 26,878,334 shares, compared to its average volume of 25,565,096. The stock has a market capitalization of $41.39 billion, a PE ratio of 14.19, a P/E/G ratio of 1.17 and a beta of 0.57. 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 fifty day moving average of $14.56 and a 200 day moving average of $15.67. Pacific Gas & Electric Co. has a one year low of $12.97 and a one year high of $21.72.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its 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 business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.Pacific Gas & Electric's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Analysts expect that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PCG. Mizuho upped their price target on Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Zacks Research raised Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. UBS Group set a $19.00 price target on Pacific Gas & Electric in a research report on Friday, August 29th. Morgan Stanley reaffirmed an "underweight" rating on shares of Pacific Gas & Electric in a research report on Thursday, August 21st. Finally, Barclays dropped their price target on Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 22nd. Six 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.20.

Pacific Gas & Electric 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.