Sanctuary Advisors LLC Acquires Shares of 205,383 Pacific Gas & Electric Co. $PCG

Sanctuary Advisors LLC bought a new position in Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 205,383 shares of the utilities provider’s stock, valued at approximately $3,455,000.

A number of other institutional investors also recently modified their holdings of PCG. CoreCap Advisors LLC increased its stake in shares of Pacific Gas & Electric by 13.1% in the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 677 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Pacific Gas & Electric by 5.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 16,368 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 885 shares during the last quarter. Versant Capital Management Inc boosted its position in Pacific Gas & Electric by 19.6% during the second quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,088 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Pacific Gas & Electric by 2.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock valued at $687,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. purchased a new position in Pacific Gas & Electric in the second quarter valued at about $28,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Buying and Selling at Pacific Gas & Electric

In related news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was 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 directly owned 230,885 shares in the company, valued at approximately $4,155,930. The trade was a 40.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

PCG has been the topic of several research reports. Truist Financial dropped their target price on 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. Wall Street Zen cut 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 report on Tuesday, August 18th. BMO Capital Markets cut their price objective on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Finally, 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. Seven equities 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, Pacific Gas & Electric has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Trading Up 1.2%

Shares of NYSE:PCG opened at $18.33 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $49.12 billion, a PE ratio of 13.28, a P/E/G ratio of 1.18 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 firm has a fifty day moving average price of $17.34 and a 200 day moving average price of $17.31.

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

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.