Pacific Gas & Electric Co. (NYSE:PCG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Pacific Gas & Electric Co. (NYSE:PCG) has received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.10.

Several brokerages recently commented on PCG. Barclays lifted their target price on shares of Pacific Gas & Electric from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $25.00 target price on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of 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 target price on shares of Pacific Gas & Electric in a report on Thursday, May 21st. Finally, Wall Street Zen raised shares of Pacific Gas & Electric from a “hold” rating to a “buy” rating in a report on Saturday.

Pacific Gas & Electric Stock Up 0.9%

Pacific Gas & Electric stock opened at $16.94 on Friday. The firm has a market capitalization of $45.39 billion, a PE ratio of 13.13, a P/E/G ratio of 0.65 and a beta of 0.27. The company’s 50-day moving average is $16.84 and its 200-day moving average is $16.67. Pacific Gas & Electric has a fifty-two week low of $12.97 and a fifty-two week high of $19.16. 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 released its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. Pacific Gas & Electric’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side analysts anticipate that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

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

Insider Buying and Selling

In related news, EVP Carla J. Peterman sold 31,786 shares of Pacific Gas & Electric stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $18.31, for a total transaction of $582,001.66. Following the completion of the sale, the executive vice president owned 195,091 shares of the company’s stock, valued at approximately $3,572,116.21. The trade was a 14.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kerry Whorton Cooper sold 2,500 shares of Pacific Gas & Electric stock in a transaction dated 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 directly owned 73,141 shares of the company’s stock, valued at $1,366,273.88. The trade was a 3.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 81,550 shares of company stock valued at $1,401,468. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

A number of institutional investors have recently bought and sold shares of PCG. Tobam bought a new stake in Pacific Gas & Electric in the 4th quarter valued at about $30,000. Torren Management LLC bought a new stake in Pacific Gas & Electric in the 4th quarter valued at about $33,000. Modus Advisors LLC bought a new stake in Pacific Gas & Electric in the 4th quarter valued at about $36,000. Brown Brothers Harriman & Co. boosted 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 valued at $100,000 after purchasing an additional 5,962 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Pacific Gas & Electric by 350.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 7,700 shares during the period. Institutional investors own 78.56% of the company’s stock.

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.