Wall Street Zen Downgrades Pacific Gas & Electric (NYSE:PCG) to Hold

Pacific Gas & Electric (NYSE:PCG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

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

Pacific Gas & Electric Stock Up 1.9%

PCG stock opened at $17.88 on Friday. The stock’s 50 day simple moving average is $16.88 and its 200 day simple moving average is $16.98. Pacific Gas & Electric has a fifty-two week low of $13.31 and a fifty-two week high of $19.16. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. The company has a market cap of $47.90 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.14 and a beta of 0.27.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.61% and a net margin of 12.25%.The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, research analysts expect that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.

Insider Activity at Pacific Gas & Electric

In other news, EVP Jason M. Glickman sold 47,264 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total value of $772,766.40. Following the completion of the sale, the executive vice president owned 136,433 shares in the company, valued at $2,230,679.55. This represents a 25.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pacific Gas & Electric

A number of institutional investors have recently added to or reduced their stakes in PCG. CoreCap Advisors LLC boosted its stake in shares of Pacific Gas & Electric by 13.1% in the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after buying an additional 677 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Pacific Gas & Electric by 19.6% in the second quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 1,088 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Pacific Gas & Electric by 5.9% during the first quarter. Parallel Advisors LLC now owns 41,792 shares of the utilities provider’s stock valued at $734,000 after acquiring an additional 2,313 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Pacific Gas & Electric by 17.8% during the first quarter. EverSource Wealth Advisors LLC now owns 89,298 shares of the utilities provider’s stock valued at $1,569,000 after acquiring an additional 13,478 shares during the last quarter. Finally, DGS Capital Management LLC bought a new stake in Pacific Gas & Electric during the first quarter worth $246,000. 78.56% of the stock is owned by institutional investors.

Trending Headlines about Pacific Gas & Electric

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

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.