EFG International AG Purchases Shares of 82,239 Pacific Gas & Electric Co. $PCG

EFG International AG acquired a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 82,239 shares of the utilities provider’s stock, valued at approximately $1,383,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PCG. Focus Partners Advisor Solutions LLC acquired a new stake in Pacific Gas & Electric during the second quarter worth about $4,044,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Pacific Gas & Electric in the 4th quarter valued at about $1,898,000. Harrison Street Private Wealth LLC acquired a new position in shares of Pacific Gas & Electric in the 1st quarter valued at about $3,643,000. Geode Capital Management LLC lifted its stake in shares of 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 valued at $1,019,297,000 after purchasing an additional 1,132,249 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in shares of Pacific Gas & Electric by 69.7% during the 4th quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider’s stock worth $2,648,000 after purchasing an additional 67,677 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PCG shares. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Wall Street Zen cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. decreased 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 dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Morgan Stanley cut their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. 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, Pacific Gas & Electric currently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Price Performance

Shares of NYSE PCG opened at $18.25 on Thursday. 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 Co. has a 1-year low of $14.34 and a 1-year high of $19.16. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.19 and a beta of 0.28. The business has a 50-day moving average of $17.37 and a 200-day moving average of $17.33.

Pacific Gas & Electric (NYSE:PCG) last announced its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts anticipate that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Insider Transactions at Pacific Gas & Electric

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

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.