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

Shares of Pacific Gas & Electric Co. (NYSE:PCG) have received an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $22.10.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company restated an “overweight” rating and set a $25.00 price objective on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Truist Financial decreased their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Jefferies Financial Group restated a “hold” rating and set a $19.00 price objective (down from $20.00) on shares of Pacific Gas & Electric in a report on Monday, March 23rd. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Morgan Stanley set a $22.00 price objective on Pacific Gas & Electric in a report on Thursday, May 21st.

Insider Activity

In other news, EVP Jason M. Glickman sold 47,264 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total transaction of $772,766.40. Following the completion of the sale, the executive vice president directly owned 136,433 shares of the company’s stock, valued at $2,230,679.55. The trade was a 25.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of Pacific Gas & Electric

Institutional investors have recently made changes to their positions in the stock. Tobam purchased a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at $30,000. Torren Management LLC purchased a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at $33,000. Modus Advisors LLC purchased a new stake in shares of Pacific Gas & Electric during the 4th quarter valued at $36,000. Brown Brothers Harriman & Co. grew its stake in shares of Pacific Gas & Electric by 908.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock valued at $100,000 after buying an additional 5,962 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Pacific Gas & Electric by 350.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock valued at $149,000 after buying an additional 7,700 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

Pacific Gas & Electric Stock Up 0.2%

PCG stock opened at $16.47 on Friday. The stock has a market capitalization of $44.13 billion, a P/E ratio of 12.76, a PEG ratio of 0.63 and a beta of 0.27. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. Pacific Gas & Electric has a one year low of $12.97 and a one year high of $19.16. The company has a 50 day moving average price of $16.75 and a two-hundred day moving average price of $16.69.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue 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. As a group, sell-side analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current year.

Pacific Gas & Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 1.2%. Pacific Gas & Electric’s payout ratio is currently 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.