Osmosis Investment Management UK Ltd Makes New $3.39 Million Investment in Pacific Gas & Electric Co. $PCG

Osmosis Investment Management UK Ltd purchased a new stake in Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 201,419 shares of the utilities provider’s stock, valued at approximately $3,388,000.

A number of other hedge funds also recently added to or reduced their stakes in PCG. Dynamic Technology Lab Private Ltd acquired a new position in shares of Pacific Gas & Electric during the first quarter worth about $203,000. Empowered Funds LLC grew its holdings in Pacific Gas & Electric by 16.4% in the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock valued at $806,000 after purchasing an additional 6,601 shares during the last quarter. Woodline Partners LP increased its holdings in Pacific Gas & Electric by 41.2% during the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock valued at $3,184,000 after acquiring an additional 54,033 shares in the last quarter. Focus Partners Wealth raised its position in Pacific Gas & Electric by 93.0% during the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after acquiring an additional 40,380 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Pacific Gas & Electric by 499.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock valued at $6,037,000 after purchasing an additional 360,845 shares in the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PCG has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Truist Financial lowered their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Morgan Stanley cut their price target on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Stock Performance

NYSE:PCG opened at $17.60 on Monday. The firm has a 50 day simple moving average of $17.28 and a 200-day simple moving average of $17.28. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. The firm has a market cap of $47.17 billion, a PE ratio of 12.75, a P/E/G ratio of 1.14 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.

Pacific Gas & Electric (NYSE:PCG) last announced its 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. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. Pacific Gas & Electric’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts expect that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Insider Buying and Selling

In related news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by company insiders.

Pacific Gas & Electric 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.