Pacific Gas & Electric Sees Unusually High Options Volume (NYSE:PCG)

Pacific Gas & Electric Co. (NYSE:PCG) saw some unusual options trading on Monday. Investors acquired 86,727 call options on the company. This is an increase of 69% compared to the typical daily volume of 51,303 call options.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group reiterated a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Morgan Stanley cut their target price on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial reduced their price target on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings lowered Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Stock Up 2.8%

Shares of PCG traded up $0.50 on Monday, reaching $18.10. The stock had a trading volume of 17,821,869 shares, compared to its average volume of 21,619,965. The firm has a market capitalization of $48.50 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.14 and a beta of 0.28. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The company has a 50-day simple moving average of $17.28 and a 200-day simple moving average of $17.28. Pacific Gas & Electric has a 12-month low of $14.34 and a 12-month high of $19.16.

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

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PCG. Dynamic Technology Lab Private Ltd bought a new position in shares of Pacific Gas & Electric during the first quarter valued at approximately $203,000. Empowered Funds LLC boosted its position in shares of Pacific Gas & Electric by 16.4% in the 1st quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock worth $806,000 after purchasing an additional 6,601 shares in the last quarter. Woodline Partners LP boosted its position in shares of Pacific Gas & Electric by 41.2% in the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock worth $3,184,000 after purchasing an additional 54,033 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Pacific Gas & Electric by 93.0% in the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after buying an additional 40,380 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Pacific Gas & Electric by 499.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock valued at $6,037,000 after buying an additional 360,845 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

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.