Pacific Gas & Electric (NYSE:PCG) Director Purchases $91,500.00 in Stock

Pacific Gas & Electric Co. (NYSE:PCG) Director John Larsen acquired 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average cost of $12.20 per share, with a total value of $91,500.00. Following the completion of the acquisition, the director owned 36,685 shares in the company, valued at $447,557. This trade represents a 25.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Pacific Gas & Electric Stock Performance

Shares of PCG opened at $12.31 on Friday. The company has a market capitalization of $33.01 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 0.99 and a beta of 0.28. Pacific Gas & Electric Co. has a one year low of $11.77 and a one year high of $19.16. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. The company’s fifty day moving average price is $15.40 and its 200 day moving average price is $16.47.

Pacific Gas & Electric (NYSE:PCG) last released its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, analysts expect that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.20 annualized dividend and a yield of 1.6%. Pacific Gas & Electric’s dividend payout ratio is presently 14.49%.

Hedge Funds Weigh In On Pacific Gas & Electric

Several large investors have recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC bought a new stake in shares of Pacific Gas & Electric during the second quarter valued at approximately $4,044,000. Harrison Street Private Wealth LLC acquired a new position in shares of Pacific Gas & Electric in the first quarter valued at $3,643,000. Greenland Capital Management LP bought a new position in Pacific Gas & Electric in the second quarter worth $994,000. Vise Technologies Inc. bought a new position in Pacific Gas & Electric in the second quarter worth $1,997,000. Finally, Partners Capital Investment Group LLP acquired a new stake in Pacific Gas & Electric during the second quarter worth $4,177,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analyst Ratings Changes

PCG has been the topic of several recent analyst reports. Wall Street Zen downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays reduced their price objective on Pacific Gas & Electric from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $21.00 target price (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday, August 31st. UBS Group reaffirmed a “neutral” rating and set a $14.00 target price (down from $19.00) on shares of Pacific Gas & Electric in a research report on Tuesday, September 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a research note on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.55.

Pacific Gas & Electric Company Profile

Pacific Gas and Electric Corporation, through its principal subsidiary Pacific Gas and Electric Company, is a regulated energy utility serving customers in Northern and Central California. The company delivers electricity and natural gas to residential, commercial, industrial and agricultural customers across its service territory.

PG&E’s operations include the transmission and distribution of electricity, natural gas distribution, and the maintenance and modernization of the infrastructure used to provide these services.