Kerry Whorton Cooper Sells 1,250 Shares of Pacific Gas & Electric (NYSE:PCG) Stock

Pacific Gas & Electric Co. (NYSE:PCG) Director Kerry Whorton Cooper sold 1,250 shares of the business’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 $22,500.00. Following the completion of the sale, the director owned 88,475 shares of the company’s stock, valued at $1,592,550. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Stock Performance

NYSE:PCG opened at $17.75 on Thursday. The firm has a market capitalization of $47.58 billion, a PE ratio of 12.87, a PEG ratio of 1.16 and a beta of 0.27. Pacific Gas & Electric Co. has a 1 year low of $13.31 and a 1 year high of $19.16. 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 firm’s fifty day simple moving average is $16.97 and its 200 day simple moving average is $17.03.

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

Pacific Gas & Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.1%. Pacific Gas & Electric’s dividend payout ratio is presently 14.49%.

Institutional Trading of Pacific Gas & Electric

Institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd bought a new position in Pacific Gas & Electric during the first quarter worth about $203,000. Empowered Funds LLC boosted its holdings in Pacific Gas & Electric by 16.4% during 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 in the last quarter. Woodline Partners LP grew its stake in shares of Pacific Gas & Electric by 41.2% in the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock valued at $3,184,000 after purchasing an additional 54,033 shares during the period. Focus Partners Wealth grew its stake in shares of Pacific Gas & Electric by 93.0% in the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock valued at $1,440,000 after purchasing an additional 40,380 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Pacific Gas & Electric by 499.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after buying an additional 360,845 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on PCG shares. BMO Capital Markets dropped their price target on 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. Morgan Stanley set a $22.00 price objective on shares of Pacific Gas & Electric in a research note on Thursday, May 21st. Truist Financial dropped their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wall Street Zen cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings downgraded shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.30.

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.