Denali Advisors LLC Buys New Holdings in Pacific Gas & Electric Co. $PCG

Denali Advisors LLC acquired a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 41,153 shares of the utilities provider’s stock, valued at approximately $692,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewEdge Wealth LLC purchased a new stake in Pacific Gas & Electric in the second quarter valued at $259,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Pacific Gas & Electric in the second quarter worth about $76,721,000. Danske Bank A S acquired a new stake in Pacific Gas & Electric during the second quarter worth about $29,023,000. Diversify Advisory Services LLC acquired a new stake in Pacific Gas & Electric during the second quarter worth about $1,002,000. Finally, Wealthfront Advisers LLC acquired a new position in Pacific Gas & Electric in the second quarter valued at approximately $2,918,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of the company’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 completion of the sale, the executive vice president owned 230,885 shares of the company’s stock, valued at $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PCG shares. BMO Capital Markets cut their target price on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 24th. UBS Group reiterated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday. Wall Street Zen cut Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Morgan Stanley set a $22.00 price target on Pacific Gas & Electric in a report on Thursday, May 21st. Finally, Weiss Ratings lowered Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.20.

Pacific Gas & Electric Trading Up 1.9%

Shares of Pacific Gas & Electric stock opened at $17.99 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. Pacific Gas & Electric Co. has a twelve month low of $14.30 and a twelve month high of $19.16. The firm has a market capitalization of $48.22 billion, a PE ratio of 13.04, a P/E/G ratio of 1.15 and a beta of 0.28. The firm’s 50-day moving average price is $17.26 and its 200 day moving average price is $17.26.

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 business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the business posted $0.31 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

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.