Greenland Capital Management LP Buys New Stake in Pacific Gas & Electric Co. $PCG

Greenland Capital Management LP 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 59,110 shares of the utilities provider’s stock, valued at approximately $994,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. bought a new position in shares of Pacific Gas & Electric in the second quarter worth $28,000. Tobam bought a new stake in shares of Pacific Gas & Electric during the fourth quarter valued at about $30,000. Torren Management LLC bought a new stake in shares of Pacific Gas & Electric during the fourth quarter valued at about $33,000. Modus Advisors LLC bought a new stake in shares of Pacific Gas & Electric during the fourth quarter valued at about $36,000. Finally, CoreCap Advisors LLC lifted its holdings in Pacific Gas & Electric by 13.1% in the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 677 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Transactions at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the company’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 $2,848,500.00. Following the completion of the sale, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Pacific Gas & Electric Stock Down 2.0%

Shares of Pacific Gas & Electric stock opened at $17.60 on Friday. The stock’s fifty day moving average is $17.28 and its 200-day moving average is $17.27. The firm has a market capitalization of $47.17 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.14 and a beta of 0.28. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. Pacific Gas & Electric Co. has a 12-month low of $14.34 and a 12-month high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last announced its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate 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. Equities analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PCG shares. UBS Group reiterated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, JPMorgan Chase & Co. dropped their target price on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

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.