Global Retirement Partners LLC Purchases New Position in Pacific Gas & Electric Co. $PCG

Global Retirement Partners LLC purchased a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 50,432 shares of the utilities provider’s stock, valued at approximately $848,000.

Other large investors have also added to or reduced their stakes in the company. Tobam purchased a new stake in shares of Pacific Gas & Electric during the 4th quarter worth approximately $30,000. Torren Management LLC bought a new position in shares of Pacific Gas & Electric during the 4th quarter valued at approximately $33,000. Modus Advisors LLC bought a new position in shares of Pacific Gas & Electric during the 4th quarter valued at approximately $36,000. CoreCap Advisors LLC grew its holdings in shares of Pacific Gas & Electric by 13.1% in the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 677 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Pacific Gas & Electric by 908.8% in the third quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 5,962 shares in the last quarter. Institutional investors own 78.56% of the company’s stock.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction 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 owned 230,885 shares in the company, valued at $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by company insiders.

Pacific Gas & Electric Price Performance

NYSE:PCG opened at $17.84 on Wednesday. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.16 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. The business has a 50 day simple moving average of $17.22 and a 200-day simple moving average of $17.23. Pacific Gas & Electric Co. has a 1 year low of $14.30 and a 1 year high of $19.16.

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

Pacific Gas & Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Pacific Gas & Electric’s payout ratio is presently 14.49%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PCG. Wall Street Zen cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a research note on Tuesday. BMO Capital Markets reduced their target price on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $25.00 target price on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Pacific Gas & Electric has an average rating of “Moderate Buy” and an average price target of $22.20.

About Pacific Gas & Electric

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.