Pacific Gas & Electric (NYSE:PCG) Given New $18.00 Price Target at JPMorgan Chase & Co.

Pacific Gas & Electric (NYSE:PCG) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $25.00 to $18.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 33.82% from the company’s current price.

PCG has been the subject of several other research reports. Morgan Stanley dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. BMO Capital Markets restated a “market perform” rating and set a $21.00 target price (down from $28.00) on shares of Pacific Gas & Electric in a report on Monday. UBS Group reaffirmed a “buy” rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Bank of America downgraded Pacific Gas & Electric from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $13.00 in a research report on Tuesday. Finally, Truist Financial dropped their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.27.

Pacific Gas & Electric Price Performance

PCG stock traded down $0.61 during mid-day trading on Wednesday, reaching $13.45. 79,521,627 shares of the company’s stock were exchanged, compared to its average volume of 24,027,072. Pacific Gas & Electric has a 12-month low of $12.59 and a 12-month high of $19.16. The company has a market cap of $36.05 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.86 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. The stock’s 50 day moving average is $17.28 and its 200 day moving average is $17.30.

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

Insider Buying and Selling

In other news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $2,848,500.00. Following the transaction, the executive vice president owned 230,885 shares of the company’s stock, valued at $4,155,930. This represents a 40.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PCG. Gallagher Fiduciary Advisors LLC purchased a new stake in shares of Pacific Gas & Electric in the 2nd quarter valued at approximately $300,895,000. Legal & General Group Plc purchased a new stake in Pacific Gas & Electric in the second quarter valued at 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 purchased a new stake in shares of Pacific Gas & Electric in the 2nd quarter valued at $314,855,000. Finally, Man Group plc acquired a new position in Pacific Gas & Electric during the 2nd quarter worth about $188,513,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Key Headlines Impacting Pacific Gas & Electric

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

• Positive Sentiment: PG&E plans to defer approximately $2 billion of 2027 spending while preserving critical safety and compliance work. The revised plan calls for about $11.4 billion of California investment and could reduce reliance on higher-cost borrowing. The company maintained its 2026 earnings guidance and indicated a higher 2027 EPS outlook. PG&E to invest $11.4 billion in California in 2027 as part of strategic review
• Positive Sentiment: The company’s strategic review could identify new financing, organizational and cost-saving options aimed at attracting investment and keeping customer bills affordable while meeting California’s rising energy demand. PG&E Launches Strategic Review
• Neutral Sentiment: Technical analysts identify roughly $13 as a potential long-term support level after the wildfire-driven selloff, although a sustained recovery would likely require clarity on liability exposure. Stock of the Day: Will PG&E Remember this Important Level?
• Negative Sentiment: California lawmakers reportedly killed a wildfire bill that did not provide liability protection for utilities. The absence of a clear liability framework leaves investors concerned that future wildfire claims could create substantial financial obligations for PG&E. Why PG&E Stock Keeps Going Down
• Negative Sentiment: Bank of America downgraded PCG to “neutral” and cut its price target to $13 from $24, while Wells Fargo reiterated an “equal weight” rating. These calls reinforce caution around the stock’s risk-reward profile. Wells Fargo Reiterates Equal Weight Rating

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.