Pacific Gas & Electric (NYSE:PCG) Rating Lowered to “Hold” at Wall Street Zen

Pacific Gas & Electric (NYSE:PCG) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other analysts have also recently weighed in on PCG. JPMorgan Chase & Co. lowered their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Truist Financial cut their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating for the company in a report on Monday, May 18th. Weiss Ratings lowered Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Morgan Stanley set a $22.00 price objective on shares of Pacific Gas & Electric in a research report on Thursday, May 21st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 target price on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.30.

Pacific Gas & Electric Trading Up 0.1%

Pacific Gas & Electric stock opened at $17.88 on Friday. The stock has a market cap of $47.91 billion, a P/E ratio of 12.95, a PEG ratio of 1.16 and a beta of 0.27. Pacific Gas & Electric has a fifty-two week low of $13.31 and a fifty-two week high of $19.16. The firm’s fifty day moving average price is $16.88 and its 200-day moving average price is $16.99. 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 (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The company 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 firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. 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 earnings per share for the current fiscal year.

Insider Transactions at Pacific Gas & Electric

In related news, EVP Jason M. Glickman sold 47,264 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $16.35, for a total transaction of $772,766.40. Following the transaction, the executive vice president directly owned 136,433 shares in the company, valued at $2,230,679.55. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Pacific Gas & Electric

A number of institutional investors have recently made changes to their positions in PCG. Tobam bought a new position in shares of Pacific Gas & Electric in the fourth quarter worth approximately $30,000. Torren Management LLC bought a new stake in Pacific Gas & Electric during the 4th quarter valued at $33,000. Modus Advisors LLC purchased a new stake in Pacific Gas & Electric during the 4th quarter valued at $36,000. CoreCap Advisors LLC boosted its position 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 valued at $98,000 after buying an additional 677 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Pacific Gas & Electric by 908.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 5,962 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric News Summary

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

• Positive Sentiment: PCG beat Q2 earnings estimates, reporting $0.40 per share versus expectations of $0.36-$0.37, helped by lower operating costs and higher customer rates. Utility PG&E beats quarterly profit estimates on higher rates
• Positive Sentiment: Management said data-center electricity demand is rising, with PG&E’s data-center project pipeline more than doubling in Q2, signaling a potential growth driver for future revenue. PG&E’s data center project pipeline more than doubled in Q2
• Positive Sentiment: The company reaffirmed FY2026 EPS guidance of $1.64 to $1.66, which is broadly in line with analyst expectations and supports the view that results remain on track. PG&E Corporation Reports Second Quarter 2026 Results; On Track to Deliver Solid 2026
• Neutral Sentiment: Wells Fargo reiterated its Buy rating on PCG, adding a supportive analyst signal but not changing the core earnings story. Wells Fargo Sticks to Its Buy Rating for PG&E (PCG)
• Neutral Sentiment: Some commentary flagged PG&E’s single-segment reporting and accounting presentation as potentially obscuring risk, which may raise questions for investors but is not an immediate earnings issue. Analyst Warns PG&E’s Single-Segment Reporting Under ASC 280 Masks Key Risks and Distorts Profitability Insights
• Negative Sentiment: Revenue missed estimates at $5.90 billion versus about $6.20 billion expected, and wildfire-safety spending remains a drag on margins and cash flow. PG&E Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

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.