Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) Director Kerry Whorton Cooper sold 1,250 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $22,500.00. Following the completion of the transaction, the director directly owned 88,475 shares in the company, valued at $1,592,550. This trade represents a 1.39% decrease in their position. The sale was disclosed in a legal 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 Trading Up 1.3%
PCG opened at $17.83 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. The company has a market cap of $47.78 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.27. The firm has a 50 day simple moving average of $16.94 and a 200 day simple moving average of $17.01. Pacific Gas & Electric Co. has a fifty-two week low of $13.31 and a fifty-two week high of $19.16.
Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, beating 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 business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the business posted $0.31 earnings per share. Pacific Gas & Electric's revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, sell-side analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.
Pacific Gas & Electric Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. Pacific Gas & Electric's payout ratio is presently 14.49%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on PCG shares. Wall Street Zen lowered Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets dropped their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an "outperform" rating for the company in a report on Friday. Weiss Ratings lowered Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Wells Fargo & Company reissued an "overweight" rating and issued a $25.00 target price on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Finally, Truist Financial reduced their target price on Pacific Gas & Electric from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.30.
Get Our Latest Stock Report on Pacific Gas & Electric
Institutional Investors Weigh In On Pacific Gas & Electric
Several large investors have recently bought and sold shares of PCG. PFA Pension Forsikringsaktieselskab bought a new position in shares of Pacific Gas & Electric during the fourth quarter worth $1,898,000. Harrison Street Private Wealth LLC acquired a new position in shares of Pacific Gas & Electric in the 1st quarter valued at $3,643,000. SG Americas Securities LLC grew its holdings in shares of Pacific Gas & Electric by 3,875.9% in the 4th quarter. SG Americas Securities LLC now owns 639,689 shares of the utilities provider's stock valued at $10,280,000 after buying an additional 623,600 shares during the period. Horizon Investments LLC increased its position in shares of Pacific Gas & Electric by 69.7% in the 4th quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider's stock valued at $2,648,000 after buying an additional 67,677 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Pacific Gas & Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider's stock valued at $1,019,297,000 after buying an additional 1,132,249 shares in the last quarter. Institutional investors own 78.56% of the company's stock.
Pacific Gas & Electric Company Profile
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Get Free Report)
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.
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