Landscape Capital Management L.L.C. Buys Shares of 79,099 Pacific Gas & Electric Co. $PCG

Landscape Capital Management L.L.C. bought a new position in Pacific Gas & Electric Co. (NYSE:PCG) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 79,099 shares of the utilities provider’s stock, valued at approximately $1,330,000.

Several other institutional investors have also modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Pacific Gas & Electric during the 1st quarter valued at about $203,000. Empowered Funds LLC grew its holdings in shares of Pacific Gas & Electric by 16.4% in the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock valued at $806,000 after purchasing an additional 6,601 shares during the period. Woodline Partners LP increased its position in Pacific Gas & Electric by 41.2% during the first quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock worth $3,184,000 after purchasing an additional 54,033 shares during the last quarter. Focus Partners Wealth increased its position in Pacific Gas & Electric by 93.0% during the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after purchasing an additional 40,380 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Pacific Gas & Electric by 499.7% during the second 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 last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. The trade was a 40.67% decrease in their position. The transaction was disclosed in a legal 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. Company insiders own 0.22% of the company’s stock.

Pacific Gas & Electric Stock Performance

NYSE PCG opened at $17.60 on Friday. The stock has a fifty day simple moving average of $17.28 and a 200-day simple moving average of $17.27. 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 stock has a market cap of $47.17 billion, a PE 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 issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm 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%. Pacific Gas & Electric’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on PCG shares. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. dropped their price target on shares of 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. Truist Financial cut their price target on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. BMO Capital Markets reduced their price target on shares of 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, Morgan Stanley decreased their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pacific Gas & Electric presently has a consensus rating of “Moderate Buy” and a consensus price target 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.