39,644 Shares in Pacific Gas & Electric Co. $PCG Purchased by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. purchased a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 39,644 shares of the utilities provider’s stock, valued at approximately $639,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Titleist Asset Management LLC lifted its position in Pacific Gas & Electric by 2.1% during the 3rd quarter. Titleist Asset Management LLC now owns 43,832 shares of the utilities provider’s stock worth $661,000 after buying an additional 882 shares in the last quarter. FreeGulliver LLC lifted its position in Pacific Gas & Electric by 7.9% during the 3rd quarter. FreeGulliver LLC now owns 13,482 shares of the utilities provider’s stock worth $203,000 after buying an additional 987 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Pacific Gas & Electric by 2.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock worth $687,000 after buying an additional 1,142 shares in the last quarter. Covestor Ltd lifted its position in Pacific Gas & Electric by 20.6% during the 3rd quarter. Covestor Ltd now owns 9,029 shares of the utilities provider’s stock worth $136,000 after buying an additional 1,544 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Pacific Gas & Electric by 11.0% during the 4th quarter. GAMMA Investing LLC now owns 16,409 shares of the utilities provider’s stock worth $264,000 after buying an additional 1,625 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Pacific Gas & Electric Stock Performance

Pacific Gas & Electric stock opened at $16.15 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.88. Pacific Gas & Electric Co. has a 1 year low of $12.97 and a 1 year high of $19.16. The company has a market cap of $43.27 billion, a PE ratio of 12.52, a PEG ratio of 0.62 and a beta of 0.29. The company’s 50-day moving average is $17.37 and its two-hundred day moving average is $16.63.

Pacific Gas & Electric (NYSE:PCG) last released its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Pacific Gas & Electric’s dividend payout ratio is presently 15.50%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Friday, March 27th. Morgan Stanley set a $23.00 price target on shares of Pacific Gas & Electric in a research report on Friday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group upgraded shares of Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a research report on Monday, March 9th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 price target on shares of Pacific Gas & Electric in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Insider Buying and Selling at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP John R. Simon sold 45,607 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $18.00, for a total transaction of $820,926.00. Following the transaction, the executive vice president directly owned 392,303 shares in the company, valued at approximately $7,061,454. This represents a 10.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jason M. Glickman sold 47,264 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total transaction of $772,766.40. Following the transaction, the executive vice president owned 136,433 shares in the company, valued at approximately $2,230,679.55. The trade was a 25.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 131,550 shares of company stock valued at $2,301,512. 0.22% of the stock is currently owned by company 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.