JPMorgan Chase & Co. Issues Pessimistic Forecast for Pacific Gas & Electric (NYSE:PCG) Stock Price

Posted by Brenda Bartman on Oct 12th, 2026

Pacific Gas & Electric (NYSE:PCG – Get Free Report) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $18.00 to $17.00 in a report released on Monday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 29.43% from the company’s current price.

A number of other brokerages have also issued reports on PCG. UBS Group reaffirmed a “neutral” rating and set a $14.00 target price (down from $19.00) on shares of Pacific Gas & Electric in a research report on Tuesday, September 22nd. Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a research note on Tuesday, September 1st. Wells Fargo & Company lowered Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research report on Monday, August 31st. Bank of America reaffirmed a “neutral” rating and issued a $13.00 price target (down from $24.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Finally, Morgan Stanley cut their price objective on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.36.

View Our Latest Research Report on Pacific Gas & Electric

Pacific Gas & Electric Trading Up 0.0%

Shares of PCG traded up $0.01 during trading hours on Monday, hitting $13.13. The stock had a trading volume of 7,265,253 shares, compared to its average volume of 26,533,465. The firm has a market cap of $35.20 billion, a P/E ratio of 9.51, a P/E/G ratio of 1.05 and a beta of 0.28. Pacific Gas & Electric has a 12-month low of $11.77 and a 12-month high of $19.16. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The company’s fifty day simple moving average is $14.90 and its 200 day simple moving average is $16.27.

Pacific Gas & Electric (NYSE:PCG – Get Free Report) last posted its quarterly 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. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm posted $0.31 earnings per share. Pacific Gas & Electric’s revenue for the quarter was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities research analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the transaction, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Larsen bought 7,500 shares of the stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of $12.20 per share, for a total transaction of $91,500.00. Following the purchase, the director directly owned 36,685 shares of the company’s stock, valued at approximately $447,557. This represents a 25.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 166,000 shares of company stock worth $2,960,440. Corporate insiders own 0.22% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

Large investors have recently modified their holdings of the company. CoreCap Advisors LLC lifted its position in shares of 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 purchasing an additional 677 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Pacific Gas & Electric by 5.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 16,368 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 885 shares during the period. Versant Capital Management Inc raised its stake in shares of Pacific Gas & Electric by 19.6% in the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,088 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new position in Pacific Gas & Electric in the second quarter worth about $28,000. Finally, Tobam bought a new stake in shares of Pacific Gas & Electric in the 4th quarter valued at approximately $30,000. 78.56% of the stock is owned by institutional investors.

Pacific Gas & Electric Company Profile

(Get Free Report)

Pacific Gas and Electric Corporation, through its principal subsidiary Pacific Gas and Electric Company, is a regulated energy utility serving customers in Northern and Central California. The company delivers electricity and natural gas to residential, commercial, industrial and agricultural customers across its service territory.

PG&E’s operations include the transmission and distribution of electricity, natural gas distribution, and the maintenance and modernization of the infrastructure used to provide these services.