Pacific Gas & Electric Sees Unusually Large Options Volume (NYSE:PCG)

Pacific Gas & Electric Co. (NYSE:PCG) was the target of unusually large options trading activity on Monday. Investors purchased 175,920 call options on the stock. This is an increase of approximately 70% compared to the average daily volume of 103,612 call options.

Insider Buying and Selling at Pacific Gas & Electric

In other news, Director John O. Larsen acquired 7,500 shares of Pacific Gas & Electric stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $12.20 per share, for a total transaction of $91,500.00. Following the acquisition, the director directly owned 36,685 shares of the company’s stock, valued at $447,557. This trade represents a 25.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Fugate sold 6,500 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total value of $89,440.00. Following the transaction, the director owned 73,530 shares in the company, valued at approximately $1,011,772.80. This represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 166,000 shares of company stock valued at $2,960,440 in the last quarter. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PCG. Keating Financial Advisory Services Inc. acquired a new stake in Pacific Gas & Electric in the 2nd quarter worth approximately $28,000. Tobam acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter worth $30,000. Transamerica Financial Advisors LLC bought a new stake in shares of Pacific Gas & Electric in the second quarter valued at approximately $57,000. CoreCap Advisors LLC lifted its position in Pacific Gas & Electric by 13.1% during the second 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. Finally, Versant Capital Management Inc increased its holdings 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. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Trading Up 0.6%

NYSE:PCG traded up $0.08 on Monday, hitting $13.17. 21,021,310 shares of the stock were exchanged, compared to its average volume of 26,577,006. The stock has a fifty day moving average of $14.48 and a 200-day moving average of $16.12. The stock has a market cap of $35.29 billion, a PE ratio of 9.54, a PEG ratio of 1.05 and a beta of 0.28. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. Pacific Gas & Electric has a fifty-two week low of $11.77 and a fifty-two week high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted 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. 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 for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s quarterly 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, equities analysts expect that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.20 annualized dividend and a yield of 1.5%. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 14.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PCG. Wall Street Zen lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings restated a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Mizuho reduced their target price on Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, September 3rd. Truist Financial downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating and reduced their target price for the company from $21.00 to $17.00 in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group set a $20.00 price target on shares of Pacific Gas & Electric in a research note on Thursday. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.27.

Pacific Gas & Electric Company Profile

PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas delivery services in Northern and Central California. Its operations include maintaining and operating electric transmission and distribution networks, natural gas pipelines, substations, and other infrastructure used to serve residential, commercial, industrial, and agricultural customers.

Pacific Gas and Electric Company serves a broad portion of California, including the San Francisco Bay Area, the Central Valley, and parts of the northern and central regions of the state.