Vise Technologies Inc. Acquires New Shares in Pacific Gas & Electric Co. $PCG

Vise Technologies Inc. acquired a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 118,731 shares of the utilities provider’s stock, valued at approximately $1,997,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Pacific Gas & Electric in the second quarter valued at $90,898,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Pacific Gas & Electric during the second quarter valued at $76,721,000. SG Americas Securities LLC grew its position in shares of Pacific Gas & Electric by 366.6% during the first 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 during the last quarter. Pinebridge Investments LLC bought a new position in shares of Pacific Gas & Electric during the fourth quarter worth about $28,967,000. Finally, Danske Bank A S acquired a new stake in shares of Pacific Gas & Electric in the 2nd quarter worth about $29,023,000. 78.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the firm’s 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 transaction, the executive vice president owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Pacific Gas & Electric Trading Down 2.0%

NYSE:PCG opened at $17.60 on Friday. The stock 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. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. Pacific Gas & Electric Co. has a 1 year low of $14.34 and a 1 year high of $19.16. The business has a fifty day moving average of $17.28 and a 200-day moving average of $17.27.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Morgan Stanley decreased their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a research note on Tuesday. Finally, Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.20.

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.