Pacific Gas & Electric Co. (NYSE:PCG) Receives $21.91 Average Price Target from Analysts

Shares of Pacific Gas & Electric Co. (NYSE:PCG) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.40.

Several analysts have commented on PCG shares. Wells Fargo & Company reissued an “overweight” rating and set a $25.00 price target on shares of Pacific Gas & Electric in a research report on Tuesday, April 21st. Truist Financial initiated coverage on shares of Pacific Gas & Electric in a report on Monday, April 20th. They issued a “buy” rating and a $23.00 price target on the stock. Wall Street Zen upgraded shares of Pacific Gas & Electric from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Morgan Stanley set a $23.00 price target on shares of Pacific Gas & Electric in a report on Friday, February 20th. Finally, Barclays raised their price target on shares of Pacific Gas & Electric from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th.

Pacific Gas & Electric Stock Up 0.7%

Shares of Pacific Gas & Electric stock opened at $16.37 on Friday. 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 1 year low of $12.97 and a 1 year high of $19.16. The firm’s 50-day moving average is $17.83 and its two-hundred day moving average is $16.63. The stock has a market cap of $35.98 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.63 and a beta of 0.34.

Pacific Gas & Electric (NYSE:PCG) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the business earned $0.33 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, research analysts expect that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, March 31st. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 15.50%.

Insider Activity

In other news, EVP Jason M. Glickman sold 47,264 shares of the firm’s 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 sale, the executive vice president directly owned 136,433 shares in the company, valued at approximately $2,230,679.55. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Simon sold 45,607 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $18.00, for a total transaction of $820,926.00. Following the completion of the transaction, the executive vice president directly owned 392,303 shares of the company’s stock, valued at $7,061,454. The trade was a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 131,550 shares of company stock valued at $2,301,512 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pacific Gas & Electric

Several hedge funds and other institutional investors have recently modified their holdings of PCG. SG Americas Securities LLC raised its position in shares of Pacific Gas & Electric by 366.6% in the 1st quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider’s stock valued at $52,443,000 after purchasing an additional 2,345,120 shares during the last quarter. Pinebridge Investments LLC purchased a new position in shares of Pacific Gas & Electric in the 4th quarter valued at approximately $28,967,000. Geode Capital Management LLC raised its position in shares of Pacific Gas & Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock valued at $1,019,297,000 after purchasing an additional 1,132,249 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Pacific Gas & Electric by 499.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock valued at $6,037,000 after purchasing an additional 360,845 shares during the last quarter. Finally, Mediolanum International Funds Ltd raised its position in shares of Pacific Gas & Electric by 49.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 947,127 shares of the utilities provider’s stock valued at $14,264,000 after purchasing an additional 315,133 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other 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.