Kayne Anderson Rudnick Investment Management LLC Has $235,000 Stock Position in Pacific Gas & Electric Co. $PCG

Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 6,702.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,673 shares of the utilities provider’s stock after purchasing an additional 13,472 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Pacific Gas & Electric were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PCG. Costello Asset Management INC acquired a new stake in Pacific Gas & Electric during the first quarter valued at approximately $31,000. True Wealth Design LLC boosted its holdings in Pacific Gas & Electric by 1,233.6% during the fourth quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,690 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Pacific Gas & Electric by 45.0% during the first 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 in the last quarter. Colonial Trust Co SC boosted its holdings in Pacific Gas & Electric by 563.0% during the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,627 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Pacific Gas & Electric by 198.1% during the first 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 in the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Stock Up 0.4%

NYSE:PCG opened at $15.11 on Thursday. The stock’s fifty day moving average price is $14.26 and its two-hundred day moving average price is $15.71. Pacific Gas & Electric Co. has a 52-week low of $12.97 and a 52-week high of $21.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94. The company has a market cap of $40.41 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.12 and a beta of 0.54.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PCG shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Pacific Gas & Electric in a report on Thursday, August 21st. Argus raised Pacific Gas & Electric to a “hold” rating in a report on Monday, June 16th. Mizuho boosted their target price on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Barclays reduced their target price on Pacific Gas & Electric from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, July 22nd. Finally, Zacks Research raised Pacific Gas & Electric from a “strong sell” rating to a “hold” rating in a 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 presently has an average rating of “Hold” and a consensus price target of $20.55.

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.