Rep. Gilbert Ray Cisneros, Jr. Sells PG&E Co. (NYSE:PCG) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of PG&E Co. (NYSE:PCG). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in PG&E stock on February 26th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Sterling Infrastructure NASDAQ: STRL on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 3/3/2025.
• Sold $1,001 - $15,000 in shares of Ford Motor NYSE: F on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 2/26/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 2/26/2025.
• Purchased $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 2/26/2025.
• Sold $1,001 - $15,000 in shares of General Motors NYSE: GM on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Akamai Technologies NASDAQ: AKAM on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 2/26/2025.

PG&E Price Performance

PCG traded up $0.25 during trading hours on Tuesday, hitting $16.16. The company's stock had a trading volume of 19,065,691 shares, compared to its average volume of 15,153,169. The business's 50-day moving average price is $16.67 and its 200-day moving average price is $18.94. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The stock has a market cap of $43.16 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 1.09 and a beta of 1.04. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72.

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PG&E (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same period last year, the company earned $0.47 earnings per share. Sell-side analysts expect that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.025 per share. The ex-dividend date is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.62%. PG&E's payout ratio is 8.70%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley downgraded shares of PG&E from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $20.00 to $16.50 in a research note on Friday, February 14th. UBS Group reduced their price target on PG&E from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on shares of PG&E from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Mizuho raised their price objective on PG&E from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, Barclays dropped their price target on PG&E from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.23.

Insider Activity

In other news, Director Arno Lockheart Harris bought 6,389 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the acquisition, the director now directly owns 14,864 shares in the company, valued at approximately $232,770.24. The trade was a 75.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the transaction, the executive vice president now directly owns 183,635 shares of the company's stock, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PCG. Czech National Bank grew its holdings in shares of PG&E by 8.9% in the fourth quarter. Czech National Bank now owns 474,013 shares of the utilities provider's stock valued at $9,566,000 after purchasing an additional 38,590 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of PG&E by 8.2% during the 4th quarter. New York State Teachers Retirement System now owns 1,974,070 shares of the utilities provider's stock worth $39,837,000 after acquiring an additional 148,860 shares in the last quarter. State Street Corp lifted its position in shares of PG&E by 5.0% during the 3rd quarter. State Street Corp now owns 108,953,808 shares of the utilities provider's stock worth $2,155,093,000 after buying an additional 5,191,463 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in PG&E by 259.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 61,850 shares of the utilities provider's stock valued at $1,223,000 after acquiring an additional 44,650 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in PG&E during the 4th quarter worth approximately $514,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

PG&E Company 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.