West Family Investments Inc. Purchases New Stake in Pacific Gas & Electric Co. $PCG

West Family Investments Inc. acquired a new position in shares of Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 49,832 shares of the utilities provider’s stock, valued at approximately $838,000.

A number of other large investors also recently added to or reduced their stakes in the business. Tobam bought a new position in shares of Pacific Gas & Electric in the 4th quarter valued at about $30,000. Torren Management LLC bought a new stake in shares of Pacific Gas & Electric during the fourth quarter worth approximately $33,000. Modus Advisors LLC acquired a new position in Pacific Gas & Electric in the fourth quarter valued at approximately $36,000. CoreCap Advisors LLC boosted its stake 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 last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Pacific Gas & Electric by 908.8% in the third quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock valued at $100,000 after acquiring 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 Stock Down 0.9%

Pacific Gas & Electric stock opened at $17.66 on Thursday. The firm has a market capitalization of $47.32 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.16 and a beta of 0.28. The company’s 50 day simple moving average is $17.24 and its 200 day simple moving average is $17.24. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. Pacific Gas & Electric Co. has a fifty-two week low of $14.30 and a fifty-two week high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last issued its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm 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 business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, sell-side analysts anticipate that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Analyst Ratings Changes

PCG has been the subject of several recent research reports. Morgan Stanley set a $22.00 target price on shares of Pacific Gas & Electric in a research report on Thursday, May 21st. JPMorgan Chase & Co. reduced their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a research note on Tuesday. Truist Financial dropped their price objective on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pacific Gas & Electric presently has an average rating of “Moderate Buy” and a consensus target price of $22.20.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of the business’s 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 transaction, the executive vice president owned 230,885 shares of the company’s stock, valued at $4,155,930. The trade was a 40.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by company insiders.

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.