Vise Technologies Inc. Takes $2 Million Position in Pacific Gas & Electric Co. $PCG

Key Points

• Vise Technologies established a new Pacific Gas & Electric position, buying 118,731 shares worth approximately $2 million in the second quarter. Institutional investors collectively own 78.56% of PCG.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $22.20, despite some recent target-price reductions.
• PG&E reported quarterly EPS of $0.40, beating estimates of $0.36, while revenue reached $5.90 billion and rose slightly year over year. The company reaffirmed fiscal 2026 EPS guidance of $1.64 to $1.66.

Vise Technologies Inc. bought a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 118,731 shares of the utilities provider's stock, valued at approximately $1,997,000.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Pacific Gas & Electric by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider's stock worth $1,019,297,000 after buying an additional 1,132,249 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Pacific Gas & Electric during the 2nd quarter valued at $90,898,000. Danica Pension Livsforsikringsaktieselskab bought a new position in Pacific Gas & Electric during the 2nd quarter valued at $76,721,000. SG Americas Securities LLC grew its holdings in Pacific Gas & Electric by 366.6% during the 1st quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider's stock worth $52,443,000 after acquiring an additional 2,345,120 shares in the last quarter. Finally, Pinebridge Investments LLC acquired a new position in Pacific Gas & Electric during the 4th quarter worth $28,967,000. Institutional investors and hedge funds own 78.56% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PCG. Truist Financial cut their target price on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. UBS Group reiterated a "buy" rating on shares of Pacific Gas & Electric in a research note on Tuesday. Weiss Ratings lowered Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 4th. BMO Capital Markets lowered their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, July 24th. Finally, Wall Street Zen cut Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Pacific Gas & Electric has an average rating of "Moderate Buy" and an average target price of $22.20.

Insiders Place Their Bets

In related news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the sale, the executive vice president owned 230,885 shares in the company, valued at $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by company insiders.

Pacific Gas & Electric Stock Down 2.0%

PCG stock opened at $17.60 on Friday. The firm has a market cap of $47.17 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.17 and a beta of 0.28. Pacific Gas & Electric Co. has a 1-year low of $14.34 and a 1-year high of $19.16. The firm has a fifty day moving average price of $17.28 and a two-hundred day moving average price of $17.27. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the firm posted $0.31 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Research analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

About Pacific Gas & Electric

Pacific Gas & Electric NYSE: PCG is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company's core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.

PG&E's operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.

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