Pacific Gas & Electric Co. $PCG Shares Sold by Quadcap Wealth Management LLC

Key Points

• Quadcap Wealth Management LLC reduced its stake in Pacific Gas & Electric Co. by 58.3%, now holding 15,482 shares worth $266,000 as of the latest SEC filing.
• Pacific Gas & Electric reported earnings per share of $0.31, falling short of analysts' expectations of $0.33, with revenue for the quarter at $5.90 billion versus the anticipated $6.37 billion.
• Investment analysts have given the stock a consensus rating of "Hold" and a target price of $20.55, with mixed ratings from various firms following recent evaluations.

Quadcap Wealth Management LLC trimmed its holdings in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 58.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,482 shares of the utilities provider's stock after selling 21,635 shares during the quarter. Quadcap Wealth Management LLC's holdings in Pacific Gas & Electric were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators grew its stake in Pacific Gas & Electric by 45.0% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock worth $37,000 after buying an additional 674 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Pacific Gas & Electric by 1.9% during the 1st quarter. Farther Finance Advisors LLC now owns 42,747 shares of the utilities provider's stock worth $738,000 after buying an additional 785 shares during the last quarter. Optiver Holding B.V. grew its stake in Pacific Gas & Electric by 23.9% during the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after buying an additional 825 shares during the last quarter. Parallel Advisors LLC grew its stake in Pacific Gas & Electric by 2.4% during the 1st quarter. Parallel Advisors LLC now owns 38,625 shares of the utilities provider's stock worth $664,000 after buying an additional 887 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Pacific Gas & Electric by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 188,411 shares of the utilities provider's stock worth $3,237,000 after buying an additional 1,010 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 note on Tuesday, July 22nd. Morgan Stanley reiterated an "underweight" rating on shares of Pacific Gas & Electric in a research note on Thursday, August 21st. Zacks Research upgraded Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. UBS Group set a $19.00 price target on Pacific Gas & Electric in a research note on Friday. Finally, Mizuho boosted their price target on Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Seven research 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's stock. According to MarketBeat, Pacific Gas & Electric currently has a consensus rating of "Hold" and an average target price of $20.55.

Pacific Gas & Electric Stock Performance

Shares of PCG stock traded up $0.31 on Monday, hitting $15.30. The company had a trading volume of 19,336,157 shares, compared to its average volume of 26,094,244. The firm has a market cap of $40.92 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57. The company has a 50-day moving average price of $14.31 and a 200-day moving average price of $15.70. 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 Co. has a twelve month low of $12.97 and a twelve month high of $21.72.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $5.90 billion during 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%. The business's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. As a group, equities research analysts predict that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current fiscal 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.