Pacific Gas & Electric Co. (NYSE:PCG) Stock Rated “Hold” by Wall Street Brokerages

Pacific Gas & Electric Co. (NYSE:PCG) has earned an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.55.

PCG has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating and reduced their price objective for the company from $21.00 to $17.00 in a research note on Thursday, September 3rd. Bank of America reaffirmed a “neutral” rating and set a $13.00 price target (down from $24.00) on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Finally, Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st.

Pacific Gas & Electric Stock Performance

NYSE PCG opened at $11.95 on Tuesday. The company has a market capitalization of $32.01 billion, a P/E ratio of 8.66, a PEG ratio of 0.99 and a beta of 0.24. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. Pacific Gas & Electric has a 1-year low of $11.91 and a 1-year high of $19.16. The business has a 50 day moving average price of $15.84 and a 200 day moving average price of $16.62.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the firm earned $0.31 EPS. The business’s revenue for the quarter 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. Sell-side analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, September 30th. Pacific Gas & Electric’s dividend payout ratio (DPR) is 14.49%.

Insiders Place Their Bets

In related news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction 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 completion of the sale, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Fugate sold 6,500 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $13.76, for a total transaction of $89,440.00. Following the completion of the sale, the director directly owned 73,530 shares of the company’s stock, valued at $1,011,772.80. The trade was a 8.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 166,000 shares of company stock valued at $2,960,440. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PCG. Gallagher Fiduciary Advisors LLC bought a new stake in Pacific Gas & Electric in the 2nd quarter valued at about $300,895,000. Legal & General Group Plc acquired a new stake in Pacific Gas & Electric in the second quarter worth approximately $398,915,000. Canada Pension Plan Investment Board acquired a new stake in shares of Pacific Gas & Electric in the second quarter valued at $320,820,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Pacific Gas & Electric in the 2nd quarter valued at about $314,855,000. Finally, Man Group plc bought a new stake in Pacific Gas & Electric during the second quarter worth approximately $188,513,000. 78.56% of the stock is currently owned by institutional investors.

About Pacific Gas & Electric

Pacific Gas and Electric Corporation, through its principal subsidiary Pacific Gas and Electric Company, is a regulated energy utility serving customers in Northern and Central California. The company delivers electricity and natural gas to residential, commercial, industrial and agricultural customers across its service territory.

PG&E’s operations include the transmission and distribution of electricity, natural gas distribution, and the maintenance and modernization of the infrastructure used to provide these services.