Insider Selling: Pacific Gas & Electric (NYSE:PCG) Director Sells $89,440.00 in Stock

Pacific Gas & Electric Co. (NYSE:PCG) Director William Craig Fugate sold 6,500 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $13.76, for a total transaction of $89,440.00. Following the completion of the transaction, the director directly owned 73,530 shares in the company, valued at approximately $1,011,772.80. This represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Price Performance

Shares of PCG stock traded down $0.62 during trading hours on Wednesday, reaching $14.20. The company had a trading volume of 55,295,311 shares, compared to its average volume of 25,081,453. Pacific Gas & Electric Co. has a 12-month low of $12.59 and a 12-month high of $19.16. The company has a market capitalization of $38.06 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 1.22 and a beta of 0.24. 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 stock has a fifty day moving average of $16.98 and a 200-day moving average of $17.16.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings data 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 firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. Pacific Gas & Electric’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. acquired a new stake in shares of Pacific Gas & Electric during the second quarter worth $28,000. Tobam purchased a new position in Pacific Gas & Electric in the fourth quarter worth $30,000. Modus Advisors LLC acquired a new stake in Pacific Gas & Electric in the fourth quarter valued at $36,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Pacific Gas & Electric during the 2nd quarter worth $57,000. Finally, CoreCap Advisors LLC boosted its position in shares of 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 in the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PCG. BMO Capital Markets reiterated a “market perform” rating and set a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday, August 31st. JPMorgan Chase & Co. cut their price objective on Pacific Gas & Electric from $25.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Truist Financial lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating and decreased their target price for the stock from $21.00 to $17.00 in a research note on Thursday, September 3rd. UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.27.

About Pacific Gas & Electric

Pacific Gas & Electric Corporation (NYSE: PCG) is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.