Denali Advisors LLC Takes $692,000 Position in Pacific Gas & Electric Co. $PCG

Denali Advisors LLC purchased a new stake in Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 41,153 shares of the utilities provider’s stock, valued at approximately $692,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Pacific Gas & Electric in the 2nd quarter valued at $90,898,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Pacific Gas & Electric in the 2nd quarter worth $76,721,000. SG Americas Securities LLC raised its holdings in shares of Pacific Gas & Electric by 366.6% during the 1st quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider’s stock worth $52,443,000 after acquiring an additional 2,345,120 shares during the period. Pinebridge Investments LLC purchased a new position in shares of Pacific Gas & Electric during the 4th quarter worth $28,967,000. Finally, Danske Bank A S acquired a new position in shares of Pacific Gas & Electric during the 2nd quarter valued at about $29,023,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a research note on Tuesday. Finally, Truist Financial cut their price target on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Pacific Gas & Electric currently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Stock Up 1.9%

Shares of NYSE:PCG opened at $17.99 on Friday. The company has a market capitalization of $48.22 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.15 and a beta of 0.28. Pacific Gas & Electric Co. has a 12-month low of $14.30 and a 12-month high of $19.16. The business has a 50-day moving average price of $17.26 and a 200 day moving average price of $17.26. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.

Pacific Gas & Electric (NYSE:PCG) last posted its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $5.90 billion for 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%. Pacific Gas & Electric’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side analysts expect that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.22% of the company’s stock.

Pacific Gas & Electric 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.