Fox Hill Wealth Management Takes Position in Pacific Gas & Electric Co. $PCG

Fox Hill Wealth Management purchased a new stake in Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 108,068 shares of the utilities provider’s stock, valued at approximately $1,818,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. acquired a new stake in Pacific Gas & Electric in the 2nd quarter valued at about $28,000. Tobam acquired a new position in shares of Pacific Gas & Electric during the fourth quarter worth approximately $30,000. Torren Management LLC acquired a new position in shares of Pacific Gas & Electric during the fourth quarter worth approximately $33,000. Modus Advisors LLC acquired a new position in shares of Pacific Gas & Electric during the fourth quarter worth approximately $36,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Pacific Gas & Electric during the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Activity at Pacific Gas & Electric

In related news, EVP Marlene Santos sold 158,250 shares of the company’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 sale, the executive vice president owned 230,885 shares in the company, valued at $4,155,930. This represents a 40.67% decrease in their position. The transaction was disclosed in a 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. 0.22% of the stock is currently owned by corporate insiders.

Pacific Gas & Electric Stock Down 7.4%

Pacific Gas & Electric stock opened at $16.63 on Friday. The firm has a market capitalization of $44.57 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.17 and a beta of 0.28. The company’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $17.33. 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 $14.34 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.

Analysts Set New Price Targets

PCG has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Truist Financial lowered their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Wall Street Zen lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, BMO Capital Markets decreased their price target on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.