Insider Selling: Pacific Gas & Electric (NYSE:PCG) EVP Sells $2,848,500.00 in Stock

Pacific Gas & Electric Co. (NYSE:PCG) EVP Marlene Santos sold 158,250 shares of the firm’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 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 Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Price Performance

PCG stock opened at $17.77 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. The business has a 50 day simple moving average of $17.00 and a 200-day simple moving average of $17.04. The firm has a market capitalization of $47.61 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.15 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.

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

Pacific Gas & Electric Dividend Announcement

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

Institutional Trading of Pacific Gas & Electric

Several institutional investors and hedge funds have recently bought and sold shares of PCG. CoreCap Advisors LLC increased its holdings in Pacific Gas & Electric by 13.1% in the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 677 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted 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 during the period. Versant Capital Management Inc boosted 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 during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of Pacific Gas & Electric by 2.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock valued at $687,000 after buying an additional 1,142 shares in the last quarter. Finally, Tobam purchased a new stake in shares of Pacific Gas & Electric in the 4th quarter valued at $30,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PCG. Morgan Stanley set a $22.00 price objective on shares of Pacific Gas & Electric in a report on Thursday, May 21st. Truist Financial reduced 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 note on Monday, May 18th. BMO Capital Markets decreased 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 report 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. Finally, Wall Street Zen downgraded shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Pacific Gas & Electric currently has a consensus rating of “Moderate Buy” and a consensus 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.