Rakuten Investment Management Inc. Invests $6.21 Million in Pacific Gas & Electric Co. $PCG

Rakuten Investment Management Inc. acquired a new stake in Pacific Gas & Electric Co. (NYSE:PCG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 360,198 shares of the utilities provider’s stock, valued at approximately $6,210,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new position in shares of Pacific Gas & Electric in the second quarter valued at approximately $28,000. Tobam purchased a new position in Pacific Gas & Electric in the 4th quarter valued at approximately $30,000. Torren Management LLC purchased a new position in Pacific Gas & Electric in the 4th quarter valued at approximately $33,000. Modus Advisors LLC purchased a new position in Pacific Gas & Electric in the 4th quarter valued at approximately $36,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Pacific Gas & Electric in the second quarter worth $57,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insider Buying and Selling

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $2,848,500.00. Following the sale, the executive vice president directly owned 230,885 shares in the company, valued at $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The transaction 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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PCG. Morgan Stanley cut their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. BMO Capital Markets decreased their target price on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, July 24th. JPMorgan Chase & Co. lowered their target price on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Weiss Ratings downgraded Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Seven equities research 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Pacific Gas & Electric Trading Down 7.4%

NYSE PCG opened at $16.63 on Friday. Pacific Gas & Electric Co. has a 52 week low of $14.34 and a 52 week high of $19.16. The firm has a 50 day moving average of $17.41 and a two-hundred day moving average of $17.33. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $44.57 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.08 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates 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 last 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, research analysts expect that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric 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.