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

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

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Pacific Gas & Electric from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research 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. Jefferies Financial Group reiterated a “hold” rating and issued a $19.00 price target (down from $20.00) on shares of Pacific Gas & Electric in a research report on Monday, March 23rd. Finally, Truist Financial dropped their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, May 18th.

Insider Buying and Selling

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

Hedge Funds Weigh In On Pacific Gas & Electric

Large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its stake in shares of Pacific Gas & Electric by 13.1% in the second quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 677 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Pacific Gas & Electric by 5.7% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 16,368 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 885 shares during the period. FreeGulliver LLC lifted its stake in shares of Pacific Gas & Electric by 7.9% during the 3rd quarter. FreeGulliver LLC now owns 13,482 shares of the utilities provider’s stock valued at $203,000 after buying an additional 987 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Pacific Gas & Electric by 19.6% during the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,088 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Pacific Gas & Electric by 2.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider’s stock worth $687,000 after buying an additional 1,142 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric Stock Performance

Shares of PCG opened at $17.00 on Thursday. The firm has a market capitalization of $45.57 billion, a P/E ratio of 13.18, a PEG ratio of 0.66 and a beta of 0.27. 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 has a one year low of $12.97 and a one year high of $19.16. The business has a fifty day moving average of $16.61 and a 200 day moving average of $16.86.

Pacific Gas & Electric (NYSE:PCG) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.Pacific Gas & Electric’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, sell-side analysts anticipate that Pacific Gas & Electric will post 1.65 EPS 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 15.50%.

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.