Pacific Gas & Electric Co. (NYSE:PCG) Given Average Rating of “Hold” by Analysts

Shares of Pacific Gas & Electric Co. (NYSE:PCG) have earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.2727.

PCG has been the subject of several research analyst reports. Mizuho set a $14.00 target price on shares of Pacific Gas & Electric in a research report on Thursday. Bank of America downgraded Pacific Gas & Electric from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $24.00 to $13.00 in a research note on Tuesday. Truist Financial lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating and lowered their price objective for the company from $21.00 to $17.00 in a report on Thursday. Jefferies Financial Group set a $13.00 price objective on Pacific Gas & Electric in a research note on Tuesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th.

Pacific Gas & Electric Stock Performance

Pacific Gas & Electric stock opened at $13.94 on Friday. Pacific Gas & Electric has a 52 week low of $12.59 and a 52 week 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 stock has a market cap of $37.36 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.14 and a beta of 0.24. The stock has a 50 day moving average of $17.15 and a 200-day moving average of $17.24.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Key Pacific Gas & Electric News

Here are the key news stories impacting Pacific Gas & Electric this week:

• Positive Sentiment: PG&E maintained its core safety and compliance investments while revising its 2027 capital plan to approximately $11.4 billion, deferring about $2 billion of spending. The reduction could lower debt-financing needs and borrowing costs in the near term. PG&E to invest $11.4 billion in California in 2027 as part of strategic review
• Positive Sentiment: The company issued 2027 EPS guidance of $1.78 to $1.82, broadly in line with the $1.80 analyst consensus, suggesting earnings remain resilient despite the capital-plan changes.
• Positive Sentiment: PG&E, Google and Rewiring America launched SHARE, a virtual power plant intended to connect more than 20,000 customer-installed energy devices and provide discounted home-energy upgrades. The initiative could support grid reliability and customer affordability, although its financial impact is likely longer term. PG&E, Rewiring America and Google Launch First-of-its-Kind Virtual Power Plant
• Neutral Sentiment: PG&E launched a broad strategic review covering its organization, financing and investment priorities. Management said the review is designed to attract affordable capital and meet California’s rising electricity demand, but the eventual outcome remains uncertain. PG&E Launches Strategic Review
• Negative Sentiment: The failed wildfire-reform effort leaves PG&E exposed to continued liability and financing uncertainty. CEO Patti Poppe urged California lawmakers to revive legislation, saying reform could reduce borrowing costs, restore investment-grade credit and unlock additional investment. PG&E CEO calls on California to pass wildfire reform
• Negative Sentiment: Analyst sentiment weakened: Truist reiterated a Hold rating but cut its target to $17 from $21, while Bank of America downgraded the shares to Neutral. JPMorgan retained Overweight but reduced its target to $18 from $25, reflecting lower valuation expectations.

Insider Activity

In related news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total transaction 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. This represents a 40.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

A number of institutional investors and hedge funds have recently modified their holdings of the business. Focus Partners Advisor Solutions LLC acquired a new position in Pacific Gas & Electric in the second quarter valued at approximately $4,044,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Pacific Gas & Electric during the 4th quarter worth approximately $1,898,000. Harrison Street Private Wealth LLC acquired a new stake in shares of Pacific Gas & Electric during the 1st quarter worth approximately $3,643,000. Geode Capital Management LLC lifted its holdings in shares of Pacific Gas & Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock worth $1,019,297,000 after purchasing an additional 1,132,249 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of Pacific Gas & Electric by 69.7% in the 4th quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider’s stock worth $2,648,000 after purchasing an additional 67,677 shares during the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Company 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.