United Capital Financial Advisors LLC Purchases Shares of 47,998 Pacific Gas & Electric Co. $PCG

United Capital Financial Advisors LLC acquired a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,998 shares of the utilities provider’s stock, valued at approximately $807,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Gallagher Fiduciary Advisors LLC purchased a new position in Pacific Gas & Electric during the second quarter valued at approximately $300,895,000. Legal & General Group Plc acquired a new stake in Pacific Gas & Electric in the second quarter valued at approximately $398,915,000. Canada Pension Plan Investment Board bought a new stake in Pacific Gas & Electric in the second quarter worth approximately $320,820,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Pacific Gas & Electric in the second quarter worth about $314,855,000. Finally, Man Group plc bought a new stake in shares of Pacific Gas & Electric during the 2nd quarter worth about $188,513,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG opened at $16.63 on Monday. The business’s fifty day moving average price is $17.41 and its two-hundred day moving average price is $17.34. Pacific Gas & Electric Co. has a fifty-two week low of $14.34 and a fifty-two week high of $19.16. The stock has a market capitalization of $44.57 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.08 and a beta of 0.28. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $5.90 billion during 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 business’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Truist Financial cut 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. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. UBS Group reiterated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Finally, Morgan Stanley lowered their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pacific Gas & Electric currently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Insider Buying and Selling at Pacific Gas & Electric

In related news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 230,885 shares in the company, valued at $4,155,930. This trade represents a 40.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

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.