251,521 Shares in Pacific Gas & Electric Co. $PCG Purchased by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, HoldingsChannel reports. The firm purchased 251,521 shares of the utilities provider’s stock, valued at approximately $4,231,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PCG. CoreCap Advisors LLC lifted its stake in shares of Pacific Gas & Electric by 13.1% in the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 677 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Pacific Gas & Electric by 5.7% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 16,368 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 885 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Pacific Gas & Electric by 19.6% during the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,088 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Pacific Gas & Electric by 2.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock valued at $687,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. purchased a new stake in Pacific Gas & Electric during the 2nd quarter valued at $28,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Gas & Electric Stock Down 20.1%

Shares of NYSE:PCG opened at $13.27 on Tuesday. Pacific Gas & Electric Co. has a 52-week low of $13.09 and a 52-week high of $19.16. The stock has a market cap of $35.57 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 1.08 and a beta of 0.28. The business’s 50 day moving average is $17.34 and its 200 day moving average is $17.32. 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 (NYSE:PCG) last issued its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business 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%.Pacific Gas & Electric’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side analysts predict 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 firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the transaction, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Trending Headlines about Pacific Gas & Electric

Here are the key news stories impacting Pacific Gas & Electric this week:

• Neutral Sentiment: Wells Fargo reaffirmed its “equal weight” rating but lowered its price target to $24 from $25. Mizuho likewise maintained a “neutral” rating while cutting its target to $16 from $21. Both targets remain above the recent trading level, but the reductions reflect heightened risk concerns. Analyst rating updates
• Neutral Sentiment: PG&E issued a statement regarding Senate Bill 492 after California lawmakers advanced an amended version. The company’s response is being watched closely as investors assess the bill’s effects on utility financing and wildfire claims. PG&E Statement on Senate Bill 492
• Negative Sentiment: The amended wildfire bill reportedly omits liability protections sought by utility investors, including a proposal that would have prevented insurers from suing utilities over wildfire-related claims. Analysts said the legislation prioritizes victim protections without adding comparable investor protections, leaving PG&E exposed to potentially significant costs if its equipment is linked to future fires. PG&E shares plunge as wildfire bill falls short of protections
• Negative Sentiment: The liability setback also pressured Edison International and other California utilities, highlighting that investors view the issue as a broader regulatory and industry risk. The selloff occurred amid a volatile market session in which oil prices approached $90 per barrel and Treasury yields rose following renewed U.S.-Iran tensions, although the wildfire legislation was the primary PCG-specific catalyst. California utilities face wildfire-liability concerns

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets restated a “market perform” rating and issued a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered their target price on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Mizuho reiterated a “neutral” rating and set a $16.00 price target (down from $21.00) on shares of Pacific Gas & Electric in a report on Monday. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

About Pacific Gas & Electric

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.