Pacific Gas & Electric Target of Unusually Large Options Trading (NYSE:PCG)

Pacific Gas & Electric Co. (NYSE:PCG) saw unusually large options trading activity on Tuesday. Traders acquired 286,755 call options on the company. This represents an increase of 249% compared to the average daily volume of 82,238 call options.

Insider Activity

In related news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 230,885 shares in the company, valued at $4,155,930. The trade was a 40.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new position in Pacific Gas & Electric in the 2nd quarter worth $28,000. Tobam bought a new stake in Pacific Gas & Electric during the fourth quarter valued at about $30,000. Modus Advisors LLC purchased a new position in shares of Pacific Gas & Electric in the fourth quarter valued at about $36,000. Transamerica Financial Advisors LLC purchased a new position in shares of Pacific Gas & Electric in the second quarter valued at about $57,000. Finally, CoreCap Advisors LLC boosted 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 period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric Stock Up 3.8%

PCG stock opened at $14.84 on Wednesday. The business’s 50-day moving average price is $16.98 and its 200-day moving average price is $17.16. The stock has a market cap of $39.77 billion, a P/E ratio of 10.75, a PEG ratio of 1.22 and a beta of 0.24. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. Pacific Gas & Electric has a twelve month low of $12.59 and a twelve month high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last released its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PCG shares. Bank of America reissued a “neutral” rating and set a $13.00 price objective (down from $24.00) on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Barclays dropped their price target on Pacific Gas & Electric from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Wells Fargo & Company lowered Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research report on Monday, August 31st. Finally, BMO Capital Markets restated a “market perform” rating and issued a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a research note on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.27.

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.