Osmosis Investment Management UK Ltd Purchases New Stake in Pacific Gas & Electric Co. $PCG

Osmosis Investment Management UK Ltd purchased a new stake in shares of Pacific Gas & Electric Co. (NYSE:PCG) during the second quarter, HoldingsChannel reports. The institutional investor purchased 201,419 shares of the utilities provider’s stock, valued at approximately $3,388,000.

Several other institutional investors also recently bought and sold shares of PCG. Sanctuary Advisors LLC purchased a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at $3,455,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Pacific Gas & Electric during the second quarter worth about $314,855,000. Clear Harbor Asset Management LLC acquired a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at approximately $378,000. Bank of Nova Scotia bought a new stake in shares of Pacific Gas & Electric in the second quarter worth $61,711,000. Finally, Greenland Capital Management LP acquired a new position in Pacific Gas & Electric during the 2nd quarter worth $994,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG opened at $17.60 on Monday. The company has a 50 day moving average of $17.28 and a 200-day moving average of $17.28. 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 firm has a market cap of $47.17 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.14 and a beta of 0.28. Pacific Gas & Electric Co. has a twelve month low of $14.34 and a twelve month high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. decreased their target price on 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. Morgan Stanley lowered their price target on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday. BMO Capital Markets dropped their price target on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Finally, Truist Financial lowered their target price on shares of 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. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.20.

Insiders Place Their Bets

In other 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 transaction, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.22% of the company’s stock.

Pacific Gas & Electric Company Profile

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.