Insider Selling: Pacific Gas & Electric (NYSE:PCG) Director Sells $89,440.00 in Stock

Pacific Gas & Electric Co. (NYSE:PCG) Director William Fugate sold 6,500 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total value of $89,440.00. Following the completion of the transaction, the director directly owned 73,530 shares in the company, valued at approximately $1,011,772.80. This trade represents a 8.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Stock Performance

NYSE PCG opened at $13.80 on Friday. The stock has a fifty day simple moving average of $16.81 and a 200-day simple moving average of $17.08. 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 has a market cap of $37.00 billion, a PE ratio of 10.00, a P/E/G ratio of 1.12 and a beta of 0.24. Pacific Gas & Electric Co. has a twelve month low of $12.59 and a twelve month high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the firm earned $0.31 EPS. Pacific Gas & Electric’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 analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

PCG has been the subject of a number of research analyst reports. Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Mizuho cut their target price on Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. BMO Capital Markets restated a “market perform” rating and set a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a research note on Monday, August 31st. Bank of America restated a “neutral” rating and set a $13.00 price target (down from $24.00) on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating 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 issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.27.

Institutional Trading of Pacific Gas & Electric

Hedge funds have recently made changes to their positions in the business. Fox Hill Wealth Management acquired a new position in shares of Pacific Gas & Electric in the second quarter valued at approximately $1,818,000. Rakuten Investment Management Inc. acquired a new stake in Pacific Gas & Electric during the 2nd quarter worth approximately $6,210,000. Glenview Trust Co acquired a new stake in Pacific Gas & Electric during the 2nd quarter worth approximately $208,000. Empowered Funds LLC purchased a new position in Pacific Gas & Electric in the 2nd quarter valued at approximately $8,566,000. Finally, United Capital Financial Advisors LLC purchased a new position in Pacific Gas & Electric in the 2nd quarter valued at approximately $807,000. Institutional investors and hedge funds 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.