Pacific Gas & Electric Co. (NYSE:PCG) Receives Average Rating of “Hold” from Brokerages

Pacific Gas & Electric Co. (NYSE:PCG) has earned a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.55.

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. BMO Capital Markets restated a “market perform” rating and issued a $21.00 target price (down from $28.00) on shares of Pacific Gas & Electric in a research note on Monday, August 31st. Bank of America reaffirmed a “neutral” rating and set a $13.00 price target (down from $24.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Wells Fargo & Company downgraded shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research note on Monday, August 31st. Finally, Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a report on Tuesday, September 1st.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG opened at $12.33 on Tuesday. The company has a market cap of $33.04 billion, a P/E ratio of 8.93, a PEG ratio of 0.99 and a beta of 0.24. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. Pacific Gas & Electric has a one year low of $12.02 and a one year high of $19.16. The business’s 50-day simple moving average is $15.95 and its 200 day simple moving average is $16.68.

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

Pacific Gas & Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Pacific Gas & Electric’s payout ratio is presently 14.49%.

Insider Transactions at Pacific Gas & Electric

In related news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Fugate sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $13.76, for a total value of $89,440.00. Following the sale, the director owned 73,530 shares of the company’s stock, valued at approximately $1,011,772.80. This trade represents a 8.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 166,000 shares of company stock worth $2,960,440. Corporate insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Pacific Gas & Electric

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