Key Points
- Director William Craig Fugate sold 6,500 PCG shares at an average price of $13.76, generating $89,440. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 8.12% to 73,530 shares.
- Pacific Gas & Electric reported quarterly EPS of $0.40, exceeding the $0.36 analyst consensus, while revenue of $5.90 billion fell short of the $6.20 billion estimate. The company maintained fiscal 2026 EPS guidance of $1.64–$1.66.
- Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $18.27; institutional investors own 78.56% of PCG shares.
Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) Director William Craig Fugate sold 6,500 shares of Pacific Gas & Electric stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $13.76, for a total value of $89,440.00. Following the completion of the sale, the director 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pacific Gas & Electric Price Performance
PCG opened at $14.20 on Thursday. 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 $12.59 and a 52-week high of $19.16. The stock has a market capitalization of $38.06 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.19 and a beta of 0.24. The stock's 50 day moving average price is $16.94 and its 200-day moving average price is $17.13.
Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The firm's revenue was up .1% on a year-over-year basis. During the same quarter last 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 research analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.
Hedge Funds Weigh In On Pacific Gas & Electric
Several institutional investors and hedge funds have recently added to or reduced their stakes in PCG. Fox Hill Wealth Management bought a new position in shares of Pacific Gas & Electric in the 2nd quarter worth about $1,818,000. Rakuten Investment Management Inc. bought a new stake in Pacific Gas & Electric during the second quarter worth about $6,210,000. Glenview Trust Co purchased a new stake in Pacific Gas & Electric in the second quarter worth about $208,000. Empowered Funds LLC purchased a new stake in Pacific Gas & Electric in the second quarter worth about $8,566,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Pacific Gas & Electric during the second quarter valued at approximately $807,000. Hedge funds and other institutional investors own 78.56% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on PCG shares. Jefferies Financial Group set a $13.00 target price on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Mizuho reduced their price target on shares of Pacific Gas & Electric from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, September 3rd. Barclays decreased their price target on shares of Pacific Gas & Electric from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, September 3rd. Wall Street Zen lowered shares of Pacific Gas & Electric from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Pacific Gas & Electric has a consensus rating of "Hold" and a consensus price target of $18.27.
Check Out Our Latest Report on Pacific Gas & Electric
About Pacific Gas & Electric
(
Get Free Report)
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.
Further Reading
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