Evolve Private Wealth LLC Makes New $2.37 Million Investment in Pacific Gas & Electric Co. $PCG

Evolve Private Wealth LLC bought a new stake in Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 140,496 shares of the utilities provider’s stock, valued at approximately $2,370,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PCG. Keating Financial Advisory Services Inc. bought a new stake in Pacific Gas & Electric during the second quarter worth $28,000. Tobam bought a new position in shares of Pacific Gas & Electric in the 4th quarter valued at about $30,000. Torren Management LLC acquired a new position in shares of Pacific Gas & Electric during the 4th quarter worth about $33,000. Modus Advisors LLC acquired a new position in shares of Pacific Gas & Electric during the 4th quarter worth about $36,000. Finally, CoreCap Advisors LLC raised its holdings in shares of Pacific Gas & Electric by 13.1% in the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 677 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. BMO Capital Markets cut their price objective on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Truist Financial reduced 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, UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pacific Gas & Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Pacific Gas & Electric Price Performance

Shares of NYSE:PCG opened at $17.60 on Friday. The firm has a 50 day moving average of $17.28 and a 200-day moving average of $17.27. Pacific Gas & Electric Co. has a 12 month low of $14.34 and a 12 month high of $19.16. 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 capitalization of $47.17 billion, a PE ratio of 12.75, a PEG ratio of 1.14 and a beta of 0.28.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings data 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 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 company’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities research analysts predict that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at Pacific Gas & Electric

In other Pacific Gas & Electric 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 completion of the transaction, the executive vice president owned 230,885 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by corporate 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.