Pacific Gas & Electric (NYSE:PCG) Stock Gets Price Target Reduction from Wells Fargo & Company

Pacific Gas & Electric (NYSE:PCG) had its price objective lowered by stock analysts at Wells Fargo & Company from $24.00 to $14.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.24% from the stock’s previous close.

A number of other equities research analysts have also weighed in on PCG. Jefferies Financial Group set a $13.00 target price on Pacific Gas & Electric in a research note on Tuesday, September 1st. UBS Group restated a “neutral” rating on shares of Pacific Gas & Electric in a research report on Tuesday, October 13th. Mizuho decreased their price target on Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. JPMorgan Chase & Co. lowered their price objective on Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Truist Financial lowered Pacific Gas & Electric from a “buy” rating to a “hold” rating and dropped their price objective for the company from $21.00 to $17.00 in a research note on Thursday, September 3rd. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Pacific Gas & Electric presently has a consensus rating of “Hold” and a consensus target price of $16.38.

Pacific Gas & Electric Trading Down 3.0%

NYSE:PCG traded down $0.40 during trading hours on Friday, reaching $12.59. The company’s stock had a trading volume of 6,030,544 shares, compared to its average volume of 26,696,072. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The firm has a market capitalization of $33.73 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.05 and a beta of 0.28. The firm has a 50-day simple moving average of $14.15 and a 200-day simple moving average of $15.99. Pacific Gas & Electric has a 1 year low of $11.77 and a 1 year high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings results on Thursday, October 22nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Pacific Gas & Electric news, Director William Fugate sold 6,500 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $13.76, for a total value of $89,440.00. Following the completion of the sale, the director owned 73,530 shares in the company, valued at approximately $1,011,772.80. This trade represents a 8.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Larsen acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was acquired at an average price of $12.20 per share, for a total transaction of $91,500.00. Following the completion of the transaction, the director owned 36,685 shares in the company, valued at approximately $447,557. The trade was a 25.70% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

Large investors have recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC bought a new position in Pacific Gas & Electric in the 2nd quarter worth $4,044,000. Harrison Street Private Wealth LLC purchased a new stake in shares of Pacific Gas & Electric in the 1st quarter worth about $3,643,000. Vise Technologies Inc. purchased a new stake in shares of Pacific Gas & Electric in the 2nd quarter worth about $1,997,000. Partners Capital Investment Group LLP bought a new stake in shares of Pacific Gas & Electric during the 2nd quarter valued at about $4,177,000. Finally, Greenland Capital Management LP bought a new stake in shares of Pacific Gas & Electric during the 2nd quarter valued at about $994,000. 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 reaffirmed 2026 core EPS guidance of $1.64–$1.66 and 2027 guidance of $1.78–$1.82, supporting confidence that earnings growth remains on track. The company also cited cost reductions and a $2 billion decrease in planned 2027 capital spending. PG&E Corporation Reports Third Quarter 2026 Results
• Positive Sentiment: HSBC initiated coverage with a Buy rating and a $15.50 price target, while Morgan Stanley raised its target to $21, indicating analysts see meaningful upside from recent levels despite Morgan Stanley maintaining an Equal Weight rating. HSBC coverage of PG&E
• Positive Sentiment: CEO Patti Poppe said artificial intelligence could improve grid operations, reliability and planning. PG&E also highlighted an expanding data-center pipeline, potentially supporting long-term electricity demand and infrastructure investment. PG&E CEO discusses AI and the grid
• Neutral Sentiment: Management is pursuing wildfire-reform measures and a strategic review, developments that could improve PG&E’s risk profile but also signal uncertainty about future operations and capital allocation. PG&E Q3 2026 earnings call highlights
• Negative Sentiment: Third-quarter core EPS was $0.41, below the $0.42 consensus and down from $0.50 a year earlier. Revenue fell 1% to $6.19 billion, missing estimates by roughly $0.6–$0.7 billion, while GAAP earnings declined to $0.34 per share from $0.37. PG&E Q3 earnings miss estimates
• Negative Sentiment: PG&E estimated that taking over San Francisco’s electric grid could cost $22.5 billion, adding to investors’ concerns about capital requirements and execution risk. Recent insider activity has also been weighted toward selling.

About Pacific Gas & Electric

PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas delivery services in Northern and Central California. Its operations include maintaining and operating electric transmission and distribution networks, natural gas pipelines, substations, and other infrastructure used to serve residential, commercial, industrial, and agricultural customers.

Pacific Gas and Electric Company serves a broad portion of California, including the San Francisco Bay Area, the Central Valley, and parts of the northern and central regions of the state.