Pacific Gas & Electric Co. (NYSE:PCG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Pacific Gas & Electric Co. (NYSE:PCG) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to 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.

A number of analysts have issued reports on PCG shares. Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 target price on shares of Pacific Gas & Electric in a research report on Tuesday, April 21st. Morgan Stanley set a $22.00 target price on Pacific Gas & Electric in a research report on Thursday, May 21st. Barclays raised their price target on Pacific Gas & Electric from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. cut their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, Truist Financial dropped their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, May 18th.

Insider Transactions at Pacific Gas & Electric

In other news, EVP Carla J. Peterman sold 31,786 shares of Pacific Gas & Electric stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $18.31, for a total value of $582,001.66. Following the transaction, the executive vice president owned 195,091 shares in the company, valued at approximately $3,572,116.21. The trade was a 14.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kerry Whorton Cooper sold 2,500 shares of Pacific Gas & Electric stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $18.68, for a total value of $46,700.00. Following the completion of the transaction, the director owned 73,141 shares in the company, valued at approximately $1,366,273.88. This represents a 3.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 81,550 shares of company stock worth $1,401,468. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PCG. Root Financial Partners LLC purchased a new position in shares of Pacific Gas & Electric in the third quarter worth about $27,000. Versant Capital Management Inc increased its holdings in Pacific Gas & Electric by 826.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,945 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 1,735 shares during the period. Tobam purchased a new position in Pacific Gas & Electric during the 4th quarter valued at about $30,000. Torren Management LLC purchased a new position in Pacific Gas & Electric during the 4th quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC increased its holdings in Pacific Gas & Electric by 3,240.8% during the 3rd quarter. Cornerstone Planning Group LLC now owns 2,372 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 2,301 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric Stock Performance

NYSE:PCG opened at $16.44 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.20 and a quick ratio of 1.13. The business has a fifty day simple moving average of $17.12 and a two-hundred day simple moving average of $16.65. Pacific Gas & Electric has a 1 year low of $12.97 and a 1 year high of $19.16. The company has a market capitalization of $44.06 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.63 and a beta of 0.29.

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

Pacific Gas & Electric Dividend Announcement

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

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.