Pacific Gas & Electric (NYSE:PCG) Director Kerry Whorton Cooper Sells 1,250 Shares

Pacific Gas & Electric Co. (NYSE:PCG) Director Kerry Whorton Cooper sold 1,250 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $22,500.00. Following the completion of the transaction, the director directly owned 88,475 shares of the company’s stock, valued at approximately $1,592,550. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Stock Up 2.8%

Shares of NYSE PCG traded up $0.49 during mid-day trading on Tuesday, reaching $18.09. 10,967,028 shares of the company were exchanged, compared to its average volume of 20,872,619. Pacific Gas & Electric Co. has a 1 year low of $13.31 and a 1 year high of $19.16. The firm has a 50-day moving average of $16.91 and a 200 day moving average of $17.00. The stock has a market cap of $48.50 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.16 and a beta of 0.27. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90.

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

Pacific Gas & Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Pacific Gas & Electric’s payout ratio is 14.49%.

Institutional Trading of Pacific Gas & Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC lifted its holdings in Pacific Gas & Electric by 13.1% in the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 677 shares during the period. Versant Capital Management Inc increased its holdings in shares of Pacific Gas & Electric by 19.6% during the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,088 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Pacific Gas & Electric by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 41,792 shares of the utilities provider’s stock valued at $734,000 after purchasing an additional 2,313 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Pacific Gas & Electric by 17.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 89,298 shares of the utilities provider’s stock valued at $1,569,000 after purchasing an additional 13,478 shares during the period. Finally, DGS Capital Management LLC acquired a new position in shares of Pacific Gas & Electric in the 1st quarter valued at $246,000. 78.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCG has been the subject of several recent analyst reports. Truist Financial lowered their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company reiterated an “overweight” rating and set a $25.00 price objective on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Wall Street Zen cut Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets dropped their target price on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Weiss Ratings lowered 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, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

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.