Shares of Pacific Gas & Electric Co. (NYSE:PCG – Get Free Report) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.27.
PCG has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. The Goldman Sachs Group set a $20.00 price target on shares of Pacific Gas & Electric in a research report on Thursday. Morgan Stanley dropped their price target 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. Finally, Wells Fargo & Company cut shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a report on Monday, August 31st.
View Our Latest Stock Report on Pacific Gas & Electric
Pacific Gas & Electric Price Performance
PCG stock opened at $13.12 on Friday. The company has a market capitalization of $35.17 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 1.05 and a beta of 0.28. 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 52-week low of $11.77 and a 52-week high of $19.16. The business has a 50-day simple moving average of $14.40 and a two-hundred day simple moving average of $16.09.
Pacific Gas & Electric (NYSE:PCG – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous 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 will post 1.65 EPS for the current fiscal year.
Pacific Gas & Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.05 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.20 annualized dividend and a yield of 1.5%. Pacific Gas & Electric’s dividend payout ratio (DPR) is 14.49%.
Insiders Place Their Bets
In other news, Director William Fugate sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $13.76, for a total value of $89,440.00. Following the transaction, the director owned 73,530 shares in the company, valued at $1,011,772.80. The trade was a 8.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 166,000 shares of company stock valued at $2,960,440 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.
Institutional Trading of Pacific Gas & Electric
A number of institutional investors and hedge funds have recently modified their holdings of the business. Fox Hill Wealth Management purchased a new position in Pacific Gas & Electric in the second quarter valued at about $1,818,000. Rakuten Investment Management Inc. bought a new position in shares of Pacific Gas & Electric during the 2nd quarter valued at approximately $6,210,000. Glenview Trust Co bought a new position in shares of Pacific Gas & Electric during the 2nd quarter valued at approximately $208,000. Empowered Funds LLC bought a new position in shares of Pacific Gas & Electric during the 2nd quarter valued at approximately $8,566,000. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Pacific Gas & Electric during the 2nd quarter worth approximately $807,000. 78.56% of the stock is owned by hedge funds and other institutional investors.
About Pacific Gas & Electric
PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas delivery services in Northern and Central California. Its operations include maintaining and operating electric transmission and distribution networks, natural gas pipelines, substations, and other infrastructure used to serve residential, commercial, industrial, and agricultural customers.
Pacific Gas and Electric Company serves a broad portion of California, including the San Francisco Bay Area, the Central Valley, and parts of the northern and central regions of the state.
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