SG Americas Securities LLC Purchases 2,345,120 Shares of Pacific Gas & Electric Co. $PCG

SG Americas Securities LLC grew its position in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 366.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,984,809 shares of the utilities provider’s stock after purchasing an additional 2,345,120 shares during the quarter. SG Americas Securities LLC’s holdings in Pacific Gas & Electric were worth $52,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Pacific Gas & Electric by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock worth $1,019,297,000 after acquiring an additional 1,132,249 shares during the last quarter. Pinebridge Investments LLC bought a new position in shares of Pacific Gas & Electric during the fourth quarter valued at $28,967,000. Public Employees Retirement System of Ohio raised its stake in shares of Pacific Gas & Electric by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 684,942 shares of the utilities provider’s stock valued at $10,329,000 after acquiring an additional 4,248 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Pacific Gas & Electric by 59.5% during the fourth quarter. Captrust Financial Advisors now owns 468,091 shares of the utilities provider’s stock worth $7,522,000 after purchasing an additional 174,564 shares during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Pacific Gas & Electric by 3.6% during the second quarter. State of Tennessee Department of Treasury now owns 447,708 shares of the utilities provider’s stock worth $6,241,000 after purchasing an additional 15,473 shares during the period. 78.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Jason M. Glickman sold 47,264 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $16.35, for a total transaction of $772,766.40. Following the completion of the sale, the executive vice president directly owned 136,433 shares in the company, valued at approximately $2,230,679.55. This trade represents a 25.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PCG. 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. UBS Group raised Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a research report on Monday, March 9th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $25.00 target price on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $19.00 price target (down from $20.00) on shares of Pacific Gas & Electric in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. decreased their price target 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. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.10.

Pacific Gas & Electric Stock Up 0.9%

Shares of NYSE PCG opened at $16.62 on Tuesday. The company’s 50 day moving average price is $16.67 and its 200-day moving average price is $16.71. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. Pacific Gas & Electric Co. has a 52-week low of $12.97 and a 52-week high of $19.16. The company has a market capitalization of $44.55 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.63 and a beta of 0.27.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company posted $0.33 earnings per share. Pacific Gas & Electric’s revenue for the quarter was up 15.0% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities analysts forecast that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Pacific Gas & Electric’s dividend payout ratio is 15.50%.

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.