Van Lanschot Kempen Investment Management N.V. Acquires New Stake in Pacific Gas & Electric Co. $PCG

Key Points

• Van Lanschot Kempen Investment Management N.V. acquired 476,707 shares of Pacific Gas & Electric Co., valued at approximately $8.19 million, according to their latest SEC filing.
• Despite a net margin of 9.95%, Pacific Gas & Electric reported lower-than-expected earnings of $0.31 per share for the latest quarter, missing analysts' estimates of $0.33.
• Analyst ratings for Pacific Gas & Electric vary, with seven firms rating it as a "Buy," and a consensus target price of $20.55 reflecting a "Moderate Buy" rating.

Van Lanschot Kempen Investment Management N.V. bought a new position in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 476,707 shares of the utilities provider's stock, valued at approximately $8,190,000.

Other institutional investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in Pacific Gas & Electric during the first quarter worth about $31,000. True Wealth Design LLC lifted its position in Pacific Gas & Electric by 1,233.6% during the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 1,690 shares during the period. Deseret Mutual Benefit Administrators grew its position in shares of 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 period. Colonial Trust Co SC boosted its holdings 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 buying an additional 1,627 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Pacific Gas & Electric by 198.1% during the first 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 period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays lowered 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. Mizuho lifted their price objective on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Zacks Research raised Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Argus raised Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. Finally, Evercore ISI raised their target price on Pacific Gas & Electric from $15.00 to $17.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $20.55.

Pacific Gas & Electric Stock Up 3.4%

Shares of PCG traded up $0.4950 during trading hours on Friday, hitting $15.1650. The company had a trading volume of 27,071,795 shares, compared to its average volume of 28,466,784. The firm has a fifty day moving average price of $14.19 and a 200-day moving average price of $15.73. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94. The stock has a market capitalization of $40.58 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.13 and a beta of 0.54. Pacific Gas & Electric Co. has a 52-week low of $12.97 and a 52-week high of $21.72.

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 (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 analysts' expectations 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 for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. On average, equities research analysts forecast that Pacific Gas & Electric Co. will post 1.49 EPS 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.