Pacific Gas & Electric Co. (PCG) – What Are Analysts Thinking About This Stock?

Pacific Gas & Electric Co. (NYSE:PCG) has earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.38.

Several equities research analysts have weighed in on PCG shares. Wall Street Zen downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Bank of America restated a “neutral” rating and set a $13.00 price objective (down from $24.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Wells Fargo & Company lowered their target price on shares of Pacific Gas & Electric from $24.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday. The Goldman Sachs Group set a $20.00 target price on shares of Pacific Gas & Electric in a research report on Thursday, October 15th. Finally, Morgan Stanley upped their price target on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday.

Pacific Gas & Electric News Summary

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

Pacific Gas & Electric Stock Performance

PCG stock opened at $12.60 on Friday. Pacific Gas & Electric has a one year low of $11.77 and a one year high of $19.16. The firm has a market cap of $33.77 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.04 and a beta of 0.28. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The firm has a 50-day simple moving average of $14.04 and a two-hundred day simple moving average of $15.97.

Pacific Gas & Electric (NYSE:PCG) last posted its earnings results on Thursday, October 22nd. The utilities provider reported $0.41 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 for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. Pacific Gas & Electric’s dividend payout ratio is currently 14.49%.

Insider Activity

In related news, Director William Fugate sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $13.76, for a total value of $89,440.00. Following the sale, the director owned 73,530 shares in the company, valued at $1,011,772.80. This represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John O. Larsen purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of $12.20 per share, for a total transaction of $91,500.00. Following the acquisition, the director owned 36,685 shares in the company, valued at $447,557. This trade represents a 25.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC raised its position 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 valued at $98,000 after buying an additional 677 shares during the last quarter. Fifth Third Wealth Advisors LLC increased 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 worth $288,000 after purchasing an additional 885 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Pacific Gas & Electric by 19.6% in the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 1,088 shares during the period. Keating Financial Advisory Services Inc. purchased a new stake in Pacific Gas & Electric in the second quarter valued at approximately $28,000. Finally, Tobam purchased a new stake in shares of Pacific Gas & Electric in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Pacific Gas & Electric Company Profile

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.