Pacific Gas & Electric (NYSE:PCG) Sets New 1-Year Low – What’s Next?

Pacific Gas & Electric Co. (NYSE:PCG)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $13.44 and last traded at $13.4890, with a volume of 7731671 shares trading hands. The stock had previously closed at $16.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Morgan Stanley lowered their price target on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. JPMorgan Chase & Co. dropped their price objective 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. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Mizuho reiterated a “neutral” rating and issued a $16.00 price objective (down from $21.00) on shares of Pacific Gas & Electric in a research report on Monday. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.00.

Pacific Gas & Electric Stock Down 18.3%

The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $36.37 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 1.08 and a beta of 0.28. The company’s fifty day simple moving average is $17.41 and its 200 day simple moving average is $17.34.

Pacific Gas & Electric (NYSE:PCG) last posted its 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. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Research analysts expect that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Insider Buying and Selling

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total value of $2,848,500.00. Following the completion of the sale, the executive vice president directly owned 230,885 shares in the company, valued at $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new stake in shares of Pacific Gas & Electric during the second quarter valued at approximately $28,000. Tobam bought a new position in Pacific Gas & Electric in the fourth quarter worth $30,000. Modus Advisors LLC bought a new position in Pacific Gas & Electric in the fourth quarter worth $36,000. Transamerica Financial Advisors LLC purchased a new position in Pacific Gas & Electric during the second quarter valued at $57,000. Finally, CoreCap Advisors LLC lifted its position in Pacific Gas & Electric by 13.1% during the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock valued at $98,000 after buying an additional 677 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

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.