Northwestern Mutual Wealth Management Co. Takes $535,000 Position in Pacific Gas & Electric Co. $PCG

Northwestern Mutual Wealth Management Co. bought a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, Holdings Channel reports. The firm bought 31,803 shares of the utilities provider’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Keating Financial Advisory Services Inc. purchased a new stake in Pacific Gas & Electric during the second quarter worth approximately $28,000. Tobam purchased a new position in shares of Pacific Gas & Electric in the 4th quarter valued at $30,000. Torren Management LLC purchased a new position in shares of Pacific Gas & Electric in the 4th quarter valued at $33,000. Modus Advisors LLC acquired a new position in shares of Pacific Gas & Electric during the 4th quarter valued at $36,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of Pacific Gas & Electric by 13.1% during the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 677 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PCG. Truist Financial lowered their price target on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. BMO Capital Markets reduced their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Wall Street Zen lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.20.

Pacific Gas & Electric Stock Performance

NYSE:PCG opened at $18.25 on Thursday. The firm has a 50-day moving average of $17.37 and a two-hundred day moving average of $17.33. 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 cap of $48.91 billion, a P/E ratio of 13.22, a PEG ratio of 1.19 and a beta of 0.28. Pacific Gas & Electric Co. has a 1-year low of $14.34 and a 1-year high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business 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 company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, research analysts expect that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 230,885 shares in the company, valued at approximately $4,155,930. This represents a 40.67% decrease in their position. The transaction was disclosed in a 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 currently owned by insiders.

Pacific Gas & Electric 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.