Plato Investment Management Ltd Invests $1.56 Million in Pacific Gas & Electric Co. $PCG

Plato Investment Management Ltd acquired a new stake in Pacific Gas & Electric Co. (NYSE:PCG) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 93,343 shares of the utilities provider’s stock, valued at approximately $1,561,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PCG. Tobam bought a new stake in Pacific Gas & Electric during the fourth quarter worth approximately $30,000. Torren Management LLC bought a new position in shares of Pacific Gas & Electric in the fourth quarter valued at approximately $33,000. Modus Advisors LLC acquired a new stake in shares of Pacific Gas & Electric in the fourth quarter worth $36,000. CoreCap Advisors LLC boosted its holdings in shares of Pacific Gas & Electric by 13.1% during the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after buying an additional 677 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in Pacific Gas & Electric by 908.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock valued at $100,000 after buying an additional 5,962 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Trading Down 1.7%

Shares of PCG stock opened at $17.54 on Tuesday. The firm has a market capitalization of $47.01 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.16 and a beta of 0.28. Pacific Gas & Electric Co. has a 1 year low of $14.30 and a 1 year high of $19.16. The firm’s fifty day simple moving average is $17.19 and its 200 day simple moving average is $17.21. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. 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 firm earned $0.31 EPS. The business’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. As a group, sell-side analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Pacific Gas & Electric Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the transaction, the executive vice president directly owned 230,885 shares in the company, valued at $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PCG shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $25.00 target price on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Wall Street Zen downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. BMO Capital Markets dropped their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Finally, Morgan Stanley set a $22.00 price objective on Pacific Gas & Electric in a research report on Thursday, May 21st. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Pacific Gas & Electric has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

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.