UniSuper Management Pty Ltd Has $35.62 Million Position in Pacific Gas & Electric Co. $PCG

Key Points

• UniSuper Management Pty Ltd increased its stake in Pacific Gas & Electric Co. by 1.0% to hold approximately 2,073,174 shares worth about $35.62 million as of the latest SEC disclosure.
• Institutional investors now own 78.56% of Pacific Gas & Electric's stock, with significant changes including Costello Asset Management acquiring a new position valued at $31,000.
• Pacific Gas & Electric's latest earnings report indicated a miss in earnings per share at $0.31 compared to a consensus estimate of $0.33, with revenue also falling short at $5.90 billion.

UniSuper Management Pty Ltd grew its stake in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,073,174 shares of the utilities provider's stock after purchasing an additional 19,516 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.08% of Pacific Gas & Electric worth $35,617,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC bought a new position in shares of Pacific Gas & Electric in the first quarter valued at about $31,000. Colonial Trust Co SC grew its stake in shares of Pacific Gas & Electric by 563.0% in the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 1,627 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of 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 acquiring an additional 674 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Pacific Gas & Electric in the first quarter valued at about $39,000. Finally, Larson Financial Group LLC grew its stake in shares of Pacific Gas & Electric by 198.1% in the first quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock valued at $52,000 after acquiring an additional 2,027 shares in the last quarter. 78.56% of the stock is owned by institutional investors.

Pacific Gas & Electric Price Performance

Pacific Gas & Electric stock traded down $0.20 during trading hours on Friday, reaching $15.53. 15,051,006 shares of the stock were exchanged, compared to its average volume of 23,864,445. The stock has a 50 day moving average of $14.53 and a two-hundred day moving average of $15.68. Pacific Gas & Electric Co. has a twelve month low of $12.97 and a twelve month high of $21.72. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81. The company has a market cap of $41.54 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.14 and a beta of 0.57.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last posted 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). Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The company'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. Equities analysts expect that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PCG shares. Barclays decreased their price target on shares of 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. UBS Group set a $19.00 price objective on shares of Pacific Gas & Electric in a research note on Friday, August 29th. 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. Finally, Zacks Research upgraded shares of Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Pacific Gas & Electric currently has a consensus rating of "Hold" and a consensus target price 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.