Pacific Gas & Electric (NYSE:PCG) Sees Unusually-High Trading Volume – What’s Next?

Pacific Gas & Electric Co. (NYSE:PCG) saw an uptick in trading volume on Friday . 54,372,800 shares traded hands during trading, an increase of 150% from the previous session’s volume of 21,713,076 shares.The stock last traded at $16.21 and had previously closed at $17.95.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PCG shares. BMO Capital Markets dropped their price target 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. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. JPMorgan Chase & Co. dropped their target price on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Morgan Stanley cut their price target on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Trading Down 7.4%

The stock has a 50 day simple moving average of $17.41 and a 200-day simple moving average of $17.33. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. The firm has a market cap of $44.57 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.08 and a beta of 0.28.

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

Insider Activity 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 value of $2,848,500.00. Following the completion of the transaction, the executive vice president owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Pacific Gas & Electric

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Pacific Gas & Electric in the 1st quarter worth approximately $203,000. Empowered Funds LLC raised its holdings in Pacific Gas & Electric by 16.4% during the 1st quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock valued at $806,000 after buying an additional 6,601 shares during the period. Woodline Partners LP lifted its position in Pacific Gas & Electric by 41.2% in the first quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock worth $3,184,000 after buying an additional 54,033 shares during the last quarter. Focus Partners Wealth lifted its position in Pacific Gas & Electric by 93.0% in the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after buying an additional 40,380 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in Pacific Gas & Electric by 499.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after buying an additional 360,845 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

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.