West Family Investments Inc. Takes Position in Pacific Gas & Electric Co. $PCG

West Family Investments Inc. bought a new stake in Pacific Gas & Electric Co. (NYSE:PCG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,832 shares of the utilities provider’s stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PCG. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Pacific Gas & Electric during the second quarter worth about $90,898,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Pacific Gas & Electric during the second quarter valued at approximately $76,721,000. SG Americas Securities LLC grew its stake in shares of Pacific Gas & Electric by 366.6% in the 1st quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider’s stock valued at $52,443,000 after purchasing an additional 2,345,120 shares during the period. Pinebridge Investments LLC bought a new stake in shares of Pacific Gas & Electric in the 4th quarter valued at approximately $28,967,000. Finally, Danske Bank A S acquired a new position in shares of Pacific Gas & Electric in the 2nd quarter worth approximately $29,023,000. Institutional investors own 78.56% of the company’s stock.

Analysts Set New Price Targets

PCG has been the subject of several analyst reports. Wall Street Zen downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. dropped their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. BMO Capital Markets cut their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Finally, Truist Financial cut their price objective on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG opened at $17.66 on Thursday. Pacific Gas & Electric Co. has a twelve month low of $14.30 and a twelve month high of $19.16. The firm has a market cap of $47.32 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.16 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. The business has a fifty day moving average of $17.24 and a 200-day moving average of $17.24.

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. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter 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 predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Pacific Gas & Electric

In other news, EVP Marlene Santos sold 158,250 shares of the company’s 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 transaction, the executive vice president directly owned 230,885 shares in the company, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.22% of the company’s stock.

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.