Brooklyn Investment Group Has $138,000 Holdings in Pacific Gas & Electric Co. $PCG

Brooklyn Investment Group raised its holdings in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 35.3% during the 1st quarter, HoldingsChannel reports. The fund owned 8,036 shares of the utilities provider’s stock after purchasing an additional 2,098 shares during the period. Brooklyn Investment Group’s holdings in Pacific Gas & Electric were worth $138,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Costello Asset Management INC acquired a new stake in shares of Pacific Gas & Electric during the first quarter worth approximately $31,000. True Wealth Design LLC increased its stake in Pacific Gas & Electric by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,690 shares during the period. Deseret Mutual Benefit Administrators lifted its position in Pacific Gas & Electric by 45.0% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider’s stock worth $37,000 after buying an additional 674 shares in the last quarter. Colonial Trust Co SC boosted its stake in shares of Pacific Gas & Electric by 563.0% during the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,627 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Pacific Gas & Electric by 198.1% during the 1st quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider’s stock valued at $52,000 after buying an additional 2,027 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

Pacific Gas & Electric Price Performance

NYSE PCG opened at $15.3850 on Thursday. Pacific Gas & Electric Co. has a fifty-two week low of $12.97 and a fifty-two week high of $21.72. The stock’s 50-day moving average is $14.15 and its two-hundred day moving average is $15.73. The firm has a market cap of $41.16 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.54. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.89.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company posted $0.31 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. On average, analysts anticipate that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.6%. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 9.17%.

Analyst Upgrades and Downgrades

PCG has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on Pacific Gas & Electric from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Zacks Research raised Pacific Gas & Electric from a “strong sell” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $24.00 price target on shares of Pacific Gas & Electric in a research note on Friday, April 25th. Barclays lowered their price target on Pacific Gas & Electric from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, July 22nd. Finally, Evercore ISI increased their price objective on Pacific Gas & Electric from $15.00 to $17.00 and gave the stock an “in-line” rating in a report on Monday, April 28th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.55.

Pacific Gas & Electric Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.