Pacific Gas & Electric Target of Unusually High Options Trading (NYSE:PCG)

Pacific Gas & Electric Co. (NYSE:PCG) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 286,755 call options on the company. This is an increase of approximately 249% compared to the typical volume of 82,238 call options.

Analyst Upgrades and Downgrades

PCG has been the subject of several research analyst reports. Mizuho lowered their price objective on Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, September 3rd. Barclays decreased their target price on Pacific Gas & Electric from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. JPMorgan Chase & Co. lowered their price target on Pacific Gas & Electric from $25.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. BMO Capital Markets reissued a “market perform” rating and set a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday, August 31st. Finally, Bank of America restated a “neutral” rating and set a $13.00 price objective (down from $24.00) on shares of Pacific Gas & Electric in a research note on Tuesday, September 1st. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.27.

Pacific Gas & Electric Trading Down 4.2%

Shares of NYSE PCG opened at $14.20 on Thursday. Pacific Gas & Electric has a 12-month low of $12.59 and a 12-month high of $19.16. The company has a market cap of $38.06 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.19 and a beta of 0.24. 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 stock’s 50 day simple moving average is $16.94 and its 200 day simple moving average is $17.13.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $0.31 EPS. The firm’s 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. Equities research analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction on 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 sale, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Craig Fugate sold 6,500 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total transaction of $89,440.00. Following the transaction, the director owned 73,530 shares in the company, valued at $1,011,772.80. This trade represents a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 166,000 shares of company stock valued at $2,960,440. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Keating Financial Advisory Services Inc. acquired a new stake in Pacific Gas & Electric in the second quarter worth about $28,000. Tobam acquired a new stake in shares of Pacific Gas & Electric in the 4th quarter worth approximately $30,000. Modus Advisors LLC acquired a new stake in shares of Pacific Gas & Electric in the 4th quarter worth approximately $36,000. Transamerica Financial Advisors LLC bought a new position in shares of Pacific Gas & Electric in the second quarter valued at approximately $57,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of 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 in the last quarter. Institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric Company Profile

Pacific Gas & Electric Corporation (NYSE: PCG) is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.