Focus Partners Advisor Solutions LLC Makes New Investment in Pacific Gas & Electric Co. $PCG

Focus Partners Advisor Solutions LLC bought a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 240,451 shares of the utilities provider’s stock, valued at approximately $4,044,000.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Pacific Gas & Electric by 366.6% in the first quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider’s stock worth $52,443,000 after purchasing an additional 2,345,120 shares in the last quarter. Pinebridge Investments LLC acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter worth approximately $28,967,000. Geode Capital Management LLC grew its position in Pacific Gas & Electric by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock valued at $1,019,297,000 after purchasing an additional 1,132,249 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Pacific Gas & Electric by 499.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock valued at $6,037,000 after purchasing an additional 360,845 shares in the last quarter. Finally, Harrison Street Private Wealth LLC acquired a new position in Pacific Gas & Electric in the 1st quarter valued at approximately $3,643,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Activity

In related news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total value of $2,848,500.00. Following the completion of the sale, 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 SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

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

Pacific Gas & Electric Trading Up 2.1%

NYSE:PCG opened at $17.82 on Friday. The company has a market capitalization of $47.76 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.16 and a beta of 0.28. The stock’s 50 day moving average price is $17.17 and its 200 day moving average price is $17.18. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. Pacific Gas & Electric Co. has a 52 week low of $14.30 and a 52 week high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted its 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. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, research analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Pacific Gas & Electric’s payout ratio is presently 14.49%.

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.