360,198 Shares in Pacific Gas & Electric Co. $PCG Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 360,198 shares of the utilities provider’s stock, valued at approximately $6,210,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. acquired a new stake in shares of Pacific Gas & Electric in the 2nd quarter worth $28,000. Tobam purchased a new position in shares of Pacific Gas & Electric during the 4th quarter worth $30,000. Torren Management LLC acquired a new position in shares of Pacific Gas & Electric during the 4th quarter valued at about $33,000. Modus Advisors LLC acquired a new position in shares of Pacific Gas & Electric during the 4th quarter valued at about $36,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Pacific Gas & Electric in the second quarter valued at about $57,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Buying and Selling

In other news, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was 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 directly owned 230,885 shares in the company, valued at $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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.

Pacific Gas & Electric Price Performance

Pacific Gas & Electric stock opened at $16.63 on Friday. The company’s 50 day simple moving average is $17.41 and its 200-day simple moving average is $17.33. The company has a market capitalization of $44.57 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.08 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. 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 (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the company posted $0.31 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, equities research analysts expect that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets reduced their target price on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Morgan Stanley cut their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.20.

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.