283,566 Shares in Pacific Gas & Electric Co. $PCG Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 283,566 shares of the utilities provider’s stock, valued at approximately $4,770,000.

Several other large investors have also bought and sold shares of PCG. Geode Capital Management LLC raised its holdings in Pacific Gas & Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock worth $1,019,297,000 after acquiring an additional 1,132,249 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Pacific Gas & Electric in the second quarter worth about $90,898,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Pacific Gas & Electric in the 2nd quarter worth approximately $76,721,000. Ieq Capital LLC bought a new position in shares of Pacific Gas & Electric in the 2nd quarter worth approximately $72,739,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Pacific Gas & Electric by 366.6% in the first quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider’s stock worth $52,443,000 after buying an additional 2,345,120 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PCG. BMO Capital Markets cut their price target 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. UBS Group reiterated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday. Wall Street Zen lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial cut their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Weiss Ratings downgraded Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus 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 business’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 directly owned 230,885 shares in the company, valued at approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 Price Performance

Shares of PCG stock opened at $17.60 on Friday. Pacific Gas & Electric Co. has a fifty-two week low of $14.34 and a fifty-two week high of $19.16. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.14 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. The stock’s 50-day simple moving average is $17.28 and its 200-day simple moving average is $17.27.

Pacific Gas & Electric (NYSE:PCG) last released 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 company had revenue of $5.90 billion during 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 firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, equities analysts forecast that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Company Profile

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.