Brokerages Set Pacific Gas & Electric Co. (NYSE:PCG) Price Target at $22.10

Shares of Pacific Gas & Electric Co. (NYSE:PCG) have earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.10.

Several analysts have weighed in on the company. Wall Street Zen raised Pacific Gas & Electric from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group raised Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a report on Monday, March 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $19.00 price target (down from $20.00) on shares of Pacific Gas & Electric in a report on Monday, March 23rd. Morgan Stanley set a $22.00 price target on Pacific Gas & Electric in a report on Thursday, May 21st. Finally, Barclays raised their price target on Pacific Gas & Electric from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th.

Insider Activity at Pacific Gas & Electric

In other news, EVP Jason M. Glickman sold 47,264 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total value of $772,766.40. Following the transaction, the executive vice president owned 136,433 shares of the company’s stock, valued at $2,230,679.55. This represents a 25.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On Pacific Gas & Electric

Institutional investors have recently modified their holdings of the company. PFA Pension Forsikringsaktieselskab bought a new position in shares of Pacific Gas & Electric during the 4th quarter valued at $1,898,000. SG Americas Securities LLC grew its holdings in shares of Pacific Gas & Electric by 3,875.9% during the 4th quarter. SG Americas Securities LLC now owns 639,689 shares of the utilities provider’s stock valued at $10,280,000 after purchasing an additional 623,600 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of Pacific Gas & Electric by 69.7% during the 4th quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider’s stock valued at $2,648,000 after purchasing an additional 67,677 shares during the last quarter. Geode Capital Management LLC grew its position in Pacific Gas & Electric by 1.9% during 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 acquiring an additional 1,132,249 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Pacific Gas & Electric by 80.3% during the 4th quarter. Farther Finance Advisors LLC now owns 81,917 shares of the utilities provider’s stock worth $1,316,000 after acquiring an additional 36,480 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Stock Performance

Shares of PCG opened at $16.73 on Friday. The stock’s 50-day simple moving average is $16.80 and its 200 day simple moving average is $16.69. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. The stock has a market capitalization of $44.85 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.63 and a beta of 0.27. Pacific Gas & Electric has a 52-week low of $12.97 and a 52-week high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. Pacific Gas & Electric’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Research analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Pacific Gas & Electric’s dividend payout ratio is presently 15.50%.

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.