Pacific Gas & Electric’s (PCG) “Neutral” Rating Reaffirmed at Mizuho

Pacific Gas & Electric (NYSE:PCG)‘s stock had its “neutral” rating reissued by stock analysts at Mizuho in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a $16.00 price target on the utilities provider’s stock, down from their previous price target of $21.00. Mizuho’s price target would suggest a potential downside of 3.79% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. BMO Capital Markets reiterated a “market perform” rating and set a $21.00 target price (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday. Truist Financial cut their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. UBS Group reiterated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pacific Gas & Electric has a consensus rating of “Moderate Buy” and an average target price of $21.10.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG opened at $16.63 on Monday. The stock has a market capitalization of $44.57 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.08 and a beta of 0.28. Pacific Gas & Electric has a 1-year low of $14.34 and a 1-year high of $19.16. 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 business has a 50-day moving average price of $17.41 and a two-hundred day moving average price of $17.34.

Pacific Gas & Electric (NYSE:PCG) last released its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate 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 revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities analysts predict that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Insider Buying and Selling

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Pacific Gas & Electric

Several large investors have recently modified their holdings of the business. Fox Hill Wealth Management bought a new position in shares of Pacific Gas & Electric during the 2nd quarter valued at about $1,818,000. Rakuten Investment Management Inc. acquired a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at approximately $6,210,000. Glenview Trust Co bought a new stake in Pacific Gas & Electric during the 2nd quarter worth approximately $208,000. Empowered Funds LLC bought a new stake in Pacific Gas & Electric during the 2nd quarter worth approximately $8,566,000. Finally, United Capital Financial Advisors LLC acquired a new stake in Pacific Gas & Electric during the 2nd quarter worth approximately $807,000. 78.56% of the stock is currently owned by institutional investors.

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.