Pacific Gas & Electric (NYSE:PCG) Rating Lowered to Hold at Truist Financial

Posted by Brian Himes on Sep 3rd, 2026

Pacific Gas & Electric (NYSE:PCG – Get Free Report) was downgraded by analysts at Truist Financial from a “buy” rating to a “hold” rating in a report issued on Thursday, Briefing.com reports. They presently have a $17.00 target price on the utilities provider’s stock. Truist Financial’s price objective indicates a potential upside of 27.58% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on PCG. Weiss Ratings restated a “hold (c)” rating on shares of Pacific Gas & Electric in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Pacific Gas & Electric from $25.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley lowered their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Jefferies Financial Group set a $13.00 price target on shares of Pacific Gas & Electric in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Pacific Gas & Electric presently has a consensus rating of “Hold” and a consensus price target of $18.91.

Get Our Latest Analysis on Pacific Gas & Electric

Pacific Gas & Electric Stock Performance

Shares of NYSE PCG opened at $13.32 on Thursday. Pacific Gas & Electric has a 12-month low of $12.59 and a 12-month high of $19.16. The company has a market cap of $35.71 billion, a PE ratio of 9.66, a P/E/G ratio of 1.11 and a beta of 0.24. The stock has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $17.27. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.

Pacific Gas & Electric (NYSE:PCG – Get Free Report) last posted its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The firm’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities research analysts forecast that Pacific Gas & Electric 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 company’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 of the company’s stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

A number of large investors have recently added to or reduced their stakes in PCG. Keating Financial Advisory Services Inc. bought a new position in shares of Pacific Gas & Electric in the second quarter valued at $28,000. Tobam acquired a new position in shares of Pacific Gas & Electric in the 4th quarter worth $30,000. Modus Advisors LLC acquired a new position in shares of Pacific Gas & Electric in the 4th quarter worth $36,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Pacific Gas & Electric during the second quarter worth $57,000. Finally, CoreCap Advisors LLC lifted its holdings in shares of 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 purchasing an additional 677 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Trending Headlines about Pacific Gas & Electric

Here are the key news stories impacting Pacific Gas & Electric this week:

Positive Sentiment: PG&E maintained its 2026 earnings outlook and issued 2027 EPS guidance of $1.78–$1.82, broadly in line with the $1.80 analyst consensus. JPMorgan also retained an “overweight” rating, although it reduced its price target to $18 from $25. JPMorgan price-target report
Positive Sentiment: PG&E, Google and Rewiring America launched SHARE, a virtual power plant program intended to provide discounted home-energy upgrades and connect more than 20,000 customer devices. The initiative could support grid reliability and affordability, though its near-term earnings impact is likely limited. SHARE virtual power plant announcement
Neutral Sentiment: PG&E plans to invest approximately $11.4 billion in California during 2027 while deferring about $2 billion of previously planned spending. The reduction should lower debt-financing needs, but it also raises concerns about slower growth and the timing of infrastructure investment. Reuters strategic-review report
Negative Sentiment: The strategic review reflects uncertainty over how PG&E should be organized and financed after lawmakers shelved wildfire-liability legislation. Management warned that reform could reduce borrowing costs, restore investment-grade credit and unlock additional investment, making the lack of legislative progress a major risk. CNBC wildfire-reform report
Negative Sentiment: Bank of America downgraded PCG to “neutral” and cut its price target to $13 from $24, reinforcing investor concerns about wildfire liability, credit quality and limited visibility. Bank of America downgrade report

Pacific Gas & Electric Company Profile

(Get Free Report)

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.