Pacific Gas & Electric (NYSE:PCG) Director William Craig Fugate Sells 6,500 Shares of Stock

Key Points

• Director William Craig Fugate sold 6,500 PCG shares for $89,440 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 8.12% to 73,530 shares.
• PCG shares fell to $14.20, well below their 50-day and 200-day moving averages, while the stock has traded between $12.59 and $19.16 over the past year.
• Analysts maintain an overall “Hold” rating, with an average price target of $18.27, despite several recent target-price reductions; the company exceeded quarterly EPS estimates and reaffirmed fiscal 2026 guidance of $1.64–$1.66.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) Director William Craig Fugate sold 6,500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $13.76, for a total transaction of $89,440.00. Following the completion of the transaction, the director owned 73,530 shares in the company, valued at $1,011,772.80. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Stock Performance

Shares of PCG stock traded down $0.62 during mid-day trading on Wednesday, reaching $14.20. 55,295,311 shares of the company's stock traded hands, compared to its average volume of 25,081,453. Pacific Gas & Electric Co. has a 12 month low of $12.59 and a 12 month high of $19.16. The firm has a 50 day moving average price of $16.98 and a two-hundred day moving average price of $17.16. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The firm has a market capitalization of $38.06 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.22 and a beta of 0.24.

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

Analyst Ratings Changes

A number of equities research analysts have commented on PCG shares. Jefferies Financial Group set a $13.00 price target on Pacific Gas & Electric in a report on Tuesday, September 1st. BMO Capital Markets reissued a "market perform" rating and issued a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a report on Monday, August 31st. Bank of America restated a "neutral" rating and set a $13.00 target price (down from $24.00) on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Mizuho lowered their target price on Pacific Gas & Electric from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, September 3rd. Finally, Morgan Stanley decreased their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PCG. Geode Capital Management LLC increased its holdings 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 valued at $1,019,297,000 after purchasing an additional 1,132,249 shares during the period. Gallagher Fiduciary Advisors LLC acquired a new position in Pacific Gas & Electric in the 2nd quarter worth about $300,895,000. Legal & General Group Plc acquired a new position in Pacific Gas & Electric in the 2nd quarter worth about $398,915,000. Canada Pension Plan Investment Board purchased a new position in Pacific Gas & Electric during the second quarter worth approximately $320,820,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Pacific Gas & Electric in the second quarter valued at approximately $314,855,000. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Company Profile

Pacific Gas & Electric Corporation NYSE: PCG is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.

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