Compound Planning Inc. Sells 2,179 Shares of Pacific Gas & Electric Co. $PCG

Compound Planning Inc. lessened its stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 17.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,346 shares of the utilities provider’s stock after selling 2,179 shares during the period. Compound Planning Inc.’s holdings in Pacific Gas & Electric were worth $178,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Pacific Gas & Electric by 55.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 77,846 shares of the utilities provider’s stock valued at $1,337,000 after purchasing an additional 27,832 shares during the period. Golden State Wealth Management LLC increased its position in Pacific Gas & Electric by 431.2% in the 1st quarter. Golden State Wealth Management LLC now owns 3,469 shares of the utilities provider’s stock valued at $60,000 after buying an additional 2,816 shares in the last quarter. GAMMA Investing LLC raised its stake in Pacific Gas & Electric by 738.7% during the 1st quarter. GAMMA Investing LLC now owns 176,043 shares of the utilities provider’s stock worth $3,024,000 after buying an additional 155,052 shares during the period. Blue Trust Inc. boosted its holdings in Pacific Gas & Electric by 38.1% in the first quarter. Blue Trust Inc. now owns 5,316 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 1,468 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Pacific Gas & Electric by 138.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 254,549 shares of the utilities provider’s stock valued at $4,373,000 after acquiring an additional 147,964 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PCG shares. Zacks Research raised Pacific Gas & Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Mizuho upped their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Argus raised shares of Pacific Gas & Electric to a “hold” rating in a research note on Monday, June 16th. Morgan Stanley reissued an “underweight” rating on shares of Pacific Gas & Electric in a research report on Thursday, August 21st. Finally, Barclays lowered their target price on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, July 22nd. 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.55.

Pacific Gas & Electric Stock Down 0.6%

Shares of NYSE:PCG opened at $15.00 on Friday. Pacific Gas & Electric Co. has a 1 year low of $12.97 and a 1 year high of $21.72. The company has a market capitalization 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 business has a fifty day moving average price of $14.28 and a two-hundred day moving average price of $15.71. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.89.

Pacific Gas & Electric (NYSE:PCG) last released 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). The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Analysts forecast that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current year.

Pacific Gas & Electric Company 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.