Pacific Gas & Electric (NYSE:PCG) Price Target Raised to $21.00

Pacific Gas & Electric (NYSE:PCG) had its price target lifted by Morgan Stanley from $20.00 to $21.00 in a report released on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reiterated a “market perform” rating and set a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a report on Monday, August 31st. Barclays dropped their price objective on Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. JPMorgan Chase & Co. cut their price objective on Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Jefferies Financial Group set a $13.00 target price on Pacific Gas & Electric in a research note on Tuesday, September 1st. Finally, Wells Fargo & Company downgraded Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research note on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.38.

Pacific Gas & Electric Stock Down 2.9%

Pacific Gas & Electric stock opened at $12.60 on Wednesday. The firm has a market capitalization of $33.77 billion, a PE ratio of 8.11, a P/E/G ratio of 1.04 and a beta of 0.28. The company’s 50-day moving average is $14.04 and its 200-day moving average is $15.97. Pacific Gas & Electric has a fifty-two week low of $11.77 and a fifty-two week high of $19.16. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15.

Pacific Gas & Electric (NYSE:PCG) last issued its earnings results on Thursday, October 22nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Pacific Gas & Electric had a net margin of 12.00% and a return on equity of 11.61%. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Pacific Gas & Electric’s dividend payout ratio (DPR) is presently 14.49%.

Insider Buying and Selling at Pacific Gas & Electric

In other news, Director John Larsen purchased 7,500 shares of Pacific Gas & Electric stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average cost of $12.20 per share, for a total transaction of $91,500.00. Following the purchase, the director directly owned 36,685 shares of the company’s stock, valued at $447,557. This trade represents a 25.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Fugate sold 6,500 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total value of $89,440.00. Following the completion of the transaction, the director directly owned 73,530 shares in the company, valued at approximately $1,011,772.80. This represents a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Pacific Gas & Electric

A number of institutional investors have recently modified their holdings of the business. Gallagher Fiduciary Advisors LLC acquired a new position in shares of Pacific Gas & Electric in the second quarter valued at about $300,895,000. Legal & General Group Plc acquired a new stake in Pacific Gas & Electric in the 2nd quarter worth about $398,915,000. Canada Pension Plan Investment Board acquired a new stake in Pacific Gas & Electric in the 2nd quarter worth about $320,820,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Pacific Gas & Electric in the 2nd quarter worth about $314,855,000. Finally, Man Group plc bought a new stake in Pacific Gas & Electric in the 2nd quarter valued at about $188,513,000. Institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric News Roundup

Here are the key news stories impacting Pacific Gas & Electric this week:

• Positive Sentiment: PG&E reaffirmed its outlook, calling for 2026 core EPS of $1.64–$1.66 and 2027 core EPS of $1.78–$1.82. The company also cited progress on cost reductions, a $2 billion reduction in planned 2027 capital spending, and a 5,000-mile undergrounding plan. PG&E Corporation Reports Third Quarter 2026 Results
• Positive Sentiment: HSBC initiated coverage with a Buy rating and a $15.50 price target, while Morgan Stanley reportedly sees potential for strong appreciation. PG&E also highlighted expanding data-center demand and opportunities related to artificial intelligence and grid investment. Morgan Stanley Forecasts Strong Price Appreciation
• Neutral Sentiment: PG&E is responding to a San Francisco proposal to take over the city’s electric grid, placing a $22.5 billion valuation on the assets. The proposal could create a substantial transaction opportunity, but its financial and regulatory outcome remains uncertain. PG&E Puts a $22.5B Price Tag on San Francisco Public Grid Takeover Proposal
• Negative Sentiment: Wells Fargo cut its PCG price target from $24 to $14 and assigned an Equal Weight rating. Although the new target implies upside from the recent trading level, the magnitude of the reduction signals diminished analyst confidence and is likely pressuring the stock.
• Negative Sentiment: Third-quarter results fell short of expectations: core EPS was $0.41 versus a $0.42 consensus, revenue was $6.19 billion versus estimates near $6.82 billion, and earnings declined from $0.50 per share a year earlier. Lower authorized returns and tax impacts also weighed on results. PG&E Q3 Earnings Lag Estimates

About Pacific Gas & Electric

PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas delivery services in Northern and Central California. Its operations include maintaining and operating electric transmission and distribution networks, natural gas pipelines, substations, and other infrastructure used to serve residential, commercial, industrial, and agricultural customers.

Pacific Gas and Electric Company serves a broad portion of California, including the San Francisco Bay Area, the Central Valley, and parts of the northern and central regions of the state.