Morgan Stanley Issues Pessimistic Forecast for Pacific Gas & Electric (NYSE:PCG) Stock Price

Pacific Gas & Electric (NYSE:PCG) had its price objective decreased by research analysts at Morgan Stanley from $22.00 to $20.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 50.77% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Bank of America restated a “neutral” rating and issued a $13.00 price objective (down from $24.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Mizuho lowered their price objective on shares of Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. Wells Fargo & Company lowered shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research note on Monday, August 31st. Truist Financial lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating and lowered their price target for the stock from $21.00 to $17.00 in a report on Thursday, September 3rd. Finally, UBS Group restated a “neutral” rating on shares of Pacific Gas & Electric in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pacific Gas & Electric currently has a consensus rating of “Hold” and an average price target of $18.09.

Pacific Gas & Electric Trading Down 0.9%

Shares of Pacific Gas & Electric stock traded down $0.12 during mid-day trading on Friday, hitting $13.27. The stock had a trading volume of 8,896,324 shares, compared to its average volume of 25,190,631. The firm has a 50-day moving average of $16.52 and a two-hundred day moving average of $16.92. The firm has a market cap of $35.55 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 1.07 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. Pacific Gas & Electric has a 12-month low of $12.59 and a 12-month high of $19.16.

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, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side analysts forecast that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric 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 in the company, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Fugate sold 6,500 shares of Pacific Gas & Electric stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $13.76, for a total value of $89,440.00. Following the completion of the transaction, the director directly owned 73,530 shares in the company, valued at $1,011,772.80. This represents a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 166,000 shares of company stock valued at $2,960,440. 0.22% of the stock is owned by insiders.

Institutional Trading of Pacific Gas & Electric

Institutional investors have recently added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Pacific Gas & Electric during the second quarter worth about $4,044,000. Harrison Street Private Wealth LLC acquired a new stake in Pacific Gas & Electric during the 1st quarter valued at approximately $3,643,000. Greenland Capital Management LP acquired a new stake in Pacific Gas & Electric during the 2nd quarter valued at approximately $994,000. Geode Capital Management LLC increased its holdings 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 purchasing an additional 1,132,249 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at approximately $1,338,000. 78.56% of the stock is owned by hedge funds and other institutional investors.

Pacific Gas & Electric Company Profile

Pacific Gas & Electric Corporation (NYSE: PCG) is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.