Gallagher Fiduciary Advisors LLC Purchases Shares of 38,625,717 Pacific Gas & Electric Co. $PCG

Gallagher Fiduciary Advisors LLC purchased a new position in Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,625,717 shares of the utilities provider’s stock, valued at approximately $300,895,000. Pacific Gas & Electric makes up about 9.9% of Gallagher Fiduciary Advisors LLC’s portfolio, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of PCG. CoreCap Advisors LLC increased its holdings in Pacific Gas & Electric by 13.1% during the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 677 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of 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 worth $288,000 after buying an additional 885 shares in the last quarter. Versant Capital Management Inc grew its position in shares of 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 worth $112,000 after buying an additional 1,088 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Pacific Gas & Electric by 2.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock worth $687,000 after buying an additional 1,142 shares during the period. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Pacific Gas & Electric during the second quarter worth approximately $28,000. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Price Performance

Shares of PCG opened at $18.33 on Wednesday. The firm has a 50-day simple moving average of $17.34 and a 200-day simple moving average of $17.31. Pacific Gas & Electric Co. has a fifty-two week low of $14.34 and a fifty-two week high of $19.16. The company has a market capitalization of $49.12 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.18 and a beta of 0.28. 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 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 firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities research analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. dropped 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. Morgan Stanley reduced their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock 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, Truist Financial lowered their target price on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.20.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction 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. This trade represents a 40.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 corporate insiders.

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.