Pacific Gas & Electric’s (PCG) Equal Weight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reiterated their equal weight rating on shares of Pacific Gas & Electric (NYSE:PCG) in a report released on Monday, Marketbeat.com reports. They currently have a $24.00 price target on the utilities provider’s stock, down from their previous price target of $25.00.

Several other brokerages have also issued reports on PCG. Weiss Ratings lowered Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Wall Street Zen cut Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Mizuho reaffirmed a “neutral” rating and issued a $16.00 target price (down from $21.00) on shares of Pacific Gas & Electric in a research note on Monday. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Pacific Gas & Electric currently has an average rating of “Hold” and an average price target of $19.27.

Pacific Gas & Electric Stock Performance

NYSE:PCG opened at $13.32 on Monday. The stock has a market cap of $35.71 billion, a P/E ratio of 9.66, a PEG ratio of 1.11 and a beta of 0.24. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. The business’s 50-day moving average price is $17.21 and its two-hundred day moving average price is $17.27. Pacific Gas & Electric has a twelve month low of $12.59 and a twelve month high of $19.16.

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

Insider Buying and Selling

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the business’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 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new stake in Pacific Gas & Electric during the 2nd quarter valued at $28,000. Tobam bought a new stake in Pacific Gas & Electric in the 4th quarter worth $30,000. Modus Advisors LLC bought a new stake in Pacific Gas & Electric in the 4th quarter worth $36,000. Transamerica Financial Advisors LLC purchased a new position in shares of Pacific Gas & Electric in the second quarter valued at about $57,000. Finally, CoreCap Advisors LLC increased its position in shares of Pacific Gas & Electric by 13.1% in the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 677 shares during the period. Institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric News Summary

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

• Positive Sentiment: PG&E plans to invest approximately $11.4 billion in California during 2027 while deferring about $2 billion of spending. The move is intended to reduce higher-cost borrowing needs, preserve critical safety and compliance work, and support the company’s financial flexibility. PG&E to invest $11.4 billion in California in 2027
• Positive Sentiment: The company issued fiscal 2027 EPS guidance of $1.78 to $1.82, broadly in line with the $1.80 analyst consensus, and continues to project fiscal 2026 EPS of $1.64 to $1.66. The guidance suggests management expects earnings growth despite the current regulatory challenges.
• Positive Sentiment: CEO Patti Poppe said she remains hopeful that California lawmakers will revive wildfire-liability reform. Management believes reform could lower PG&E’s borrowing costs, help restore its investment-grade credit rating and unlock billions of dollars for infrastructure investment. PG&E CEO calls for wildfire reform
• Neutral Sentiment: JPMorgan lowered its PCG price target to $18 from $25 but maintained an “overweight” rating, implying substantial upside if wildfire-liability and financing concerns improve. Wells Fargo reiterated an “equal weight” rating, reflecting a more cautious view.
• Negative Sentiment: California lawmakers shelved a closely watched wildfire-liability proposal that did not provide the protections PG&E wanted. The setback intensified concerns about potentially uncapped liabilities, credit pressure and the company’s ability to fund its large capital program, triggering the recent selloff.
• Negative Sentiment: PG&E’s strategic review highlights continuing uncertainty over its business structure, financing and wildfire exposure. Bank of America also cut its rating to “neutral” and reduced its price target to $13 from $24, reinforcing the market’s cautious stance.

About Pacific Gas & Electric

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.