Pacific Gas & Electric Co. (NYSE:PCG) Receives $22.20 Consensus PT from Analysts

Shares of Pacific Gas & Electric Co. (NYSE:PCG) have received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $22.10.

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Morgan Stanley set a $22.00 price objective on shares of Pacific Gas & Electric in a report on Thursday. Wells Fargo & Company reiterated an “overweight” rating and issued a $25.00 target price on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Pacific Gas & Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Finally, UBS Group upgraded shares of Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a report on Monday, March 9th.

Pacific Gas & Electric Trading Up 0.2%

Shares of NYSE PCG opened at $16.52 on Wednesday. The company’s 50 day simple moving average is $17.18 and its 200 day simple moving average is $16.64. Pacific Gas & Electric has a fifty-two week low of $12.97 and a fifty-two week high of $19.16. The firm has a market capitalization of $44.26 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.63 and a beta of 0.29. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.20 and a quick ratio of 1.13.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Pacific Gas & Electric’s revenue was up 15.0% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts predict that Pacific Gas & Electric will post 1.65 EPS for the current year.

Pacific Gas & Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.2%. Pacific Gas & Electric’s dividend payout ratio (DPR) is 15.50%.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 31,786 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $18.31, for a total value of $582,001.66. Following the sale, the executive vice president directly owned 195,091 shares in the company, valued at approximately $3,572,116.21. This trade represents a 14.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kerry Whorton Cooper sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $18.68, for a total transaction of $46,700.00. Following the sale, the director owned 73,141 shares in the company, valued at approximately $1,366,273.88. The trade was a 3.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 81,550 shares of company stock worth $1,401,468. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Pacific Gas & Electric

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of Pacific Gas & Electric during the third quarter worth $27,000. Versant Capital Management Inc raised its holdings in shares of Pacific Gas & Electric by 826.2% during the third quarter. Versant Capital Management Inc now owns 1,945 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 1,735 shares during the period. Tobam acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter worth $30,000. Torren Management LLC acquired a new stake in shares of Pacific Gas & Electric during the fourth quarter worth $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Pacific Gas & Electric by 3,240.8% during the third quarter. Cornerstone Planning Group LLC now owns 2,372 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 2,301 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Company Profile

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.