Pacific Gas & Electric Co. (NYSE:PCG) Given Average Rating of “Moderate Buy” by Brokerages

Pacific Gas & Electric Co. (NYSE:PCG) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.10.

PCG has been the subject of several analyst reports. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Jefferies Financial Group reiterated a “hold” rating and issued a $19.00 price objective (down from $20.00) on shares of Pacific Gas & Electric in a research note on Monday, March 23rd. JPMorgan Chase & Co. lowered their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Pacific Gas & Electric from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 price objective on shares of Pacific Gas & Electric in a research report on Tuesday, April 21st.

Insider Buying and Selling

In related news, EVP Jason M. Glickman sold 47,264 shares of the stock in a transaction on 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 represents a 25.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. PFA Pension Forsikringsaktieselskab purchased a new stake in Pacific Gas & Electric during the fourth quarter worth approximately $1,898,000. SG Americas Securities LLC boosted its holdings in shares of Pacific Gas & Electric by 3,875.9% in the 4th quarter. SG Americas Securities LLC now owns 639,689 shares of the utilities provider’s stock valued at $10,280,000 after buying an additional 623,600 shares in the last quarter. Horizon Investments LLC boosted its holdings in shares of Pacific Gas & Electric by 69.7% in the 4th quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider’s stock valued at $2,648,000 after buying an additional 67,677 shares in the last quarter. Harrison Street Private Wealth LLC purchased a new position in shares of Pacific Gas & Electric in the 1st quarter valued at $3,643,000. Finally, Geode Capital Management LLC grew 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 buying an additional 1,132,249 shares during the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Pacific Gas & Electric Stock Up 0.3%

Pacific Gas & Electric stock opened at $17.50 on Thursday. The company has a market capitalization of $46.89 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.67 and a beta of 0.27. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. Pacific Gas & Electric has a fifty-two week low of $13.00 and a fifty-two week high of $19.16. The firm has a 50 day moving average price of $16.71 and a 200 day moving average price of $16.91.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.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 firm earned $0.33 earnings per share. The firm’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. Research analysts expect that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. Pacific Gas & Electric’s payout ratio is presently 15.50%.

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.