Investors Buy High Volume of Call Options on Pacific Gas & Electric (NYSE:PCG)

Pacific Gas & Electric Co. (NYSE:PCG) was the target of unusually large options trading on Tuesday. Traders acquired 334,812 call options on the stock. This represents an increase of 1,144% compared to the average daily volume of 26,910 call options.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Jason M. Glickman sold 47,264 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $16.35, for a total value of $772,766.40. Following the completion of the transaction, the executive vice president directly owned 136,433 shares in the company, valued at $2,230,679.55. This represents a 25.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Simon sold 45,607 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $18.00, for a total value of $820,926.00. Following the completion of the transaction, the executive vice president owned 392,303 shares of the company’s stock, valued at $7,061,454. The trade was a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 131,550 shares of company stock valued at $2,301,512. 0.22% of the stock is owned by company insiders.

Institutional Trading of Pacific Gas & Electric

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC purchased a new stake in Pacific Gas & Electric in the third quarter worth $27,000. Tobam purchased a new stake in Pacific Gas & Electric in the fourth quarter worth $30,000. Versant Capital Management Inc increased its stake in Pacific Gas & Electric by 826.2% in the third quarter. Versant Capital Management Inc now owns 1,945 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 1,735 shares during the period. Torren Management LLC purchased a new position in shares of Pacific Gas & Electric during the fourth quarter valued at $33,000. Finally, Modus Advisors LLC purchased a new position in shares of Pacific Gas & Electric during the fourth quarter valued at $36,000. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Trading Up 4.0%

PCG traded up $0.66 during trading on Tuesday, reaching $16.87. The company had a trading volume of 20,016,783 shares, compared to its average volume of 22,284,512. The stock has a market cap of $45.20 billion, a P/E ratio of 13.07, a PEG ratio of 0.61 and a beta of 0.29. The business has a 50 day simple moving average of $17.56 and a 200-day simple moving average of $16.62. Pacific Gas & Electric has a 52 week low of $12.97 and a 52 week high of $19.16. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 1.88.

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

Pacific Gas & Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.05 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 15.50%.

Analyst Ratings Changes

Several research analysts have weighed in on PCG shares. Wall Street Zen downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. increased their target price on Pacific Gas & Electric from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 target price on shares of Pacific Gas & Electric in a research report on Tuesday, April 21st. Morgan Stanley set a $23.00 target price on Pacific Gas & Electric in a research report on Friday, February 20th. Finally, UBS Group upgraded Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Pacific Gas & Electric has a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

Pacific Gas & Electric Company Profile

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.