4,561,272 Shares in Pacific Gas & Electric Co. $PCG Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new stake in Pacific Gas & Electric Co. (NYSE:PCG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,561,272 shares of the utilities provider’s stock, valued at approximately $76,721,000. Pacific Gas & Electric makes up about 1.2% of Danica Pension Livsforsikringsaktieselskab’s portfolio, making the stock its 17th biggest position.

Several other institutional investors have also added to or reduced their stakes in PCG. Tobam bought a new stake in shares of Pacific Gas & Electric in the 4th quarter worth $30,000. Torren Management LLC bought a new position in shares of Pacific Gas & Electric during the fourth quarter valued at $33,000. Modus Advisors LLC bought a new position in shares of Pacific Gas & Electric during the fourth quarter valued at $36,000. CoreCap Advisors LLC boosted its position in shares of Pacific Gas & Electric by 13.1% during the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after buying an additional 677 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Pacific Gas & Electric by 908.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock valued at $100,000 after buying an additional 5,962 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PCG has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their target price on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Morgan Stanley set a $22.00 price target on shares of Pacific Gas & Electric in a research note on Thursday, May 21st. Finally, Wall Street Zen cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Pacific Gas & Electric has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Insider Activity at Pacific Gas & Electric

In other news, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $2,848,500.00. Following the transaction, the executive vice president owned 230,885 shares of the company’s stock, valued at $4,155,930. This trade 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. 0.22% of the stock is owned by company insiders.

Pacific Gas & Electric Trading Up 1.9%

Shares of Pacific Gas & Electric stock opened at $17.84 on Wednesday. Pacific Gas & Electric Co. has a 1-year low of $14.30 and a 1-year high of $19.16. The company’s fifty day simple moving average is $17.22 and its 200-day simple moving average is $17.23. 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 stock has a market capitalization of $47.80 billion, a PE ratio of 12.92, a P/E/G ratio of 1.16 and a beta of 0.28.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping 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 firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the business posted $0.31 EPS. Pacific Gas & Electric’s revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, equities analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.05 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. Pacific Gas & Electric’s dividend payout ratio is presently 14.49%.

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.