Cresset Asset Management LLC Has $425,000 Position in Pacific Gas & Electric Co. $PCG

Cresset Asset Management LLC raised its holdings in Pacific Gas & Electric Co. (NYSE:PCG) by 76.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,692 shares of the utilities provider’s stock after buying an additional 10,711 shares during the period. Cresset Asset Management LLC’s holdings in Pacific Gas & Electric were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PCG. MML Investors Services LLC increased its stake in shares of Pacific Gas & Electric by 51.3% during the 4th quarter. MML Investors Services LLC now owns 89,459 shares of the utilities provider’s stock worth $1,805,000 after purchasing an additional 30,349 shares during the last quarter. Dark Forest Capital Management LP increased its stake in shares of Pacific Gas & Electric by 90.4% during the 4th quarter. Dark Forest Capital Management LP now owns 25,429 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 12,075 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Pacific Gas & Electric by 26.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 40,468 shares of the utilities provider’s stock worth $817,000 after purchasing an additional 8,478 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Pacific Gas & Electric by 15.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 13,877 shares of the utilities provider’s stock worth $280,000 after purchasing an additional 1,907 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Pacific Gas & Electric during the 4th quarter worth about $8,122,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Stock Performance

NYSE PCG opened at $15.1650 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $40.58 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.13 and a beta of 0.54. Pacific Gas & Electric Co. has a 12-month low of $12.97 and a 12-month high of $21.72. The firm has a 50-day moving average price of $14.19 and a two-hundred day moving average price of $15.73.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.37 billion. Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Analysts anticipate that Pacific Gas & Electric Co. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Argus upgraded shares of Pacific Gas & Electric to a “hold” rating in a research note on Monday, June 16th. Mizuho boosted their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Evercore ISI boosted their price objective on shares of Pacific Gas & Electric from $15.00 to $17.00 and gave the stock an “in-line” rating in a research note on Monday, April 28th. Barclays decreased their price target on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 22nd. Finally, Morgan Stanley set a $18.00 price target on shares of Pacific Gas & Electric and gave the company an “underweight” rating in a research note on Thursday, May 22nd. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pacific Gas & Electric presently has an average rating of “Hold” and an average price target of $20.55.

Pacific Gas & Electric Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.