Landscape Capital Management L.L.C. Invests $1.33 Million in Pacific Gas & Electric Co. $PCG

Landscape Capital Management L.L.C. acquired a new stake in Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, Holdings Channel.com reports. The fund acquired 79,099 shares of the utilities provider’s stock, valued at approximately $1,330,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in Pacific Gas & Electric during the 1st quarter worth about $203,000. Empowered Funds LLC lifted its position in shares of Pacific Gas & Electric by 16.4% during the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock worth $806,000 after purchasing an additional 6,601 shares in the last quarter. Woodline Partners LP boosted its position in 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 buying an additional 54,033 shares during the period. Focus Partners Wealth boosted its position in 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 buying an additional 40,380 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Pacific Gas & Electric by 499.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after acquiring an additional 360,845 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction 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 of the company’s stock, valued at approximately $4,155,930. The trade was a 40.67% decrease in their position. The transaction was disclosed in a document filed 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. Company insiders own 0.22% of the company’s stock.

Pacific Gas & Electric Stock Down 2.0%

Shares of Pacific Gas & Electric stock opened at $17.60 on Friday. Pacific Gas & Electric Co. has a 52-week low of $14.34 and a 52-week high of $19.16. The company has a 50 day moving average of $17.28 and a 200 day moving average of $17.27. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $47.17 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.14 and a beta of 0.28.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 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 analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, research analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PCG. Morgan Stanley cut their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday. BMO Capital Markets decreased their target price 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. Truist Financial lowered their target price on 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. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. cut their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Pacific Gas & Electric 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.