William Craig Fugate Sells 6,500 Shares of Pacific Gas & Electric (NYSE:PCG) Stock

Pacific Gas & Electric Co. (NYSE:PCG) Director William Fugate sold 6,500 shares of Pacific Gas & Electric stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total transaction of $89,440.00. Following the sale, the director directly owned 73,530 shares of the company’s stock, valued at $1,011,772.80. This trade represents a 8.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pacific Gas & Electric Trading Down 1.2%

NYSE PCG opened at $14.02 on Friday. Pacific Gas & Electric Co. has a 1-year low of $12.59 and a 1-year 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 company has a market capitalization of $37.57 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.24. The firm’s fifty day simple moving average is $16.87 and its 200-day simple moving average is $17.10.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Keating Financial Advisory Services Inc. acquired a new stake in Pacific Gas & Electric in the 2nd quarter worth approximately $28,000. Tobam acquired a new position in Pacific Gas & Electric during the fourth quarter valued at approximately $30,000. Modus Advisors LLC bought a new position in shares of Pacific Gas & Electric in the fourth quarter valued at approximately $36,000. Transamerica Financial Advisors LLC bought a new position in shares of Pacific Gas & Electric in the second quarter valued at approximately $57,000. Finally, CoreCap Advisors LLC raised its position in shares of Pacific Gas & Electric by 13.1% in the second 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 owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PCG. Wells Fargo & Company cut shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research note on Monday, August 31st. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Bank of America reaffirmed a “neutral” rating and issued a $13.00 price objective (down from $24.00) on shares of Pacific Gas & Electric in a research note on Tuesday, September 1st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $21.00 price objective (down from $28.00) on shares of Pacific Gas & Electric in a report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.27.

Pacific Gas & Electric Company Profile

Pacific Gas & Electric Corporation (NYSE: PCG) is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.