Rothschild Investment LLC Buys 32,375 Shares of Pacific Gas & Electric Co. $PCG

Rothschild Investment LLC raised its position in shares of Pacific Gas & Electric Co. (NYSE:PCG) by 123.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,576 shares of the utilities provider’s stock after acquiring an additional 32,375 shares during the period. Rothschild Investment LLC’s holdings in Pacific Gas & Electric were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PCG. Geode Capital Management LLC raised its position in Pacific Gas & Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock worth $1,019,297,000 after purchasing an additional 1,132,249 shares during the period. SG Americas Securities LLC raised its position in Pacific Gas & Electric by 3,875.9% in the 4th quarter. SG Americas Securities LLC now owns 639,689 shares of the utilities provider’s stock worth $10,280,000 after purchasing an additional 623,600 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Pacific Gas & Electric by 499.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after purchasing an additional 360,845 shares during the period. Mediolanum International Funds Ltd raised its position in Pacific Gas & Electric by 49.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 947,127 shares of the utilities provider’s stock worth $14,264,000 after purchasing an additional 315,133 shares during the period. Finally, Captrust Financial Advisors raised its position in Pacific Gas & Electric by 168.2% in the 3rd quarter. Captrust Financial Advisors now owns 293,527 shares of the utilities provider’s stock worth $4,426,000 after purchasing an additional 184,086 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Jason M. Glickman sold 47,264 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total value of $772,766.40. Following the sale, the executive vice president directly owned 136,433 shares in the company, valued at approximately $2,230,679.55. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kerry Whorton Cooper sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $18.68, for a total transaction of $46,700.00. Following the completion of the sale, the director owned 73,141 shares in the company, valued at $1,366,273.88. This represents a 3.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 81,550 shares of company stock worth $1,401,468. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

PCG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of 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 raised shares of Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a research note on Monday, March 9th. Morgan Stanley set a $22.00 price target on shares of Pacific Gas & Electric in a research note on Thursday, May 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 price target on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $19.00 price target (down from $20.00) on shares of Pacific Gas & Electric in a research note on Monday, March 23rd. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

Pacific Gas & Electric Trading Up 0.3%

NYSE PCG opened at $16.35 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. The company has a market capitalization of $43.81 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.62 and a beta of 0.29. The company’s 50-day simple moving average is $17.00 and its two-hundred day simple moving average is $16.64. Pacific Gas & Electric Co. has a one year low of $12.97 and a one year high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the business earned $0.33 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities analysts forecast that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 30th. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 15.50%.

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.