2,254 Shares in Pacific Gas & Electric Co. $PCG Bought by Safe Harbor Fiduciary LLC

Safe Harbor Fiduciary LLC bought a new position in Pacific Gas & Electric Co. (NYSE:PCG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,254 shares of the utilities provider’s stock, valued at approximately $39,000.

Other hedge funds also recently made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of Pacific Gas & Electric in the first quarter worth $31,000. Colonial Trust Co SC increased its stake in shares of Pacific Gas & Electric by 563.0% in the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,627 shares during the period. Deseret Mutual Benefit Administrators increased its position in Pacific Gas & Electric by 45.0% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 674 shares during the period. Larson Financial Group LLC increased its position in Pacific Gas & Electric by 198.1% during the 1st quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 2,027 shares during the period. Finally, Financial Network Wealth Advisors LLC increased its position in Pacific Gas & Electric by 57.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 3,445 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 1,260 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PCG. Mizuho boosted their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Morgan Stanley reissued an “underweight” rating on shares of Pacific Gas & Electric in a research report on Thursday, August 21st. Argus raised shares of Pacific Gas & Electric to a “hold” rating in a research report on Monday, June 16th. Barclays reduced their price objective on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 22nd. Finally, Zacks Research raised shares of Pacific Gas & Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pacific Gas & Electric currently has an average rating of “Hold” and an average price target of $20.55.

Pacific Gas & Electric Stock Performance

Shares of PCG stock opened at $15.00 on Friday. Pacific Gas & Electric Co. has a 12 month low of $12.97 and a 12 month high of $21.72. The stock has a market cap of $40.12 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.12 and a beta of 0.54. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81. The company’s fifty day moving average price is $14.28 and its 200-day moving average price is $15.71.

Pacific Gas & Electric (NYSE:PCG) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the firm posted $0.31 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. On average, equities analysts expect that Pacific Gas & Electric Co. will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.