Pacific Gas & Electric Co. (NYSE:PCG) Stock Has Average Target Price of $18.09

Shares of Pacific Gas & Electric Co. (NYSE:PCG) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.55.

Several analysts have weighed in on PCG shares. Barclays dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, September 3rd. Morgan Stanley cut their price objective on Pacific Gas & Electric from $22.00 to $20.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Weiss Ratings restated a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. Truist Financial downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $21.00 to $17.00 in a research report on Thursday, September 3rd. Finally, Jefferies Financial Group set a $13.00 price target on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st.

Insider Activity at Pacific Gas & Electric

In other Pacific Gas & Electric news, Director William Fugate sold 6,500 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $13.76, for a total transaction of $89,440.00. Following the transaction, the director directly owned 73,530 shares in the company, valued at approximately $1,011,772.80. This trade represents a 8.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the transaction, the executive vice president owned 230,885 shares in the company, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 166,000 shares of company stock valued at $2,960,440. Company insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Pacific Gas & Electric

Institutional investors have recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. purchased a new position in Pacific Gas & Electric during the second quarter worth about $28,000. Tobam purchased a new stake in Pacific Gas & Electric during the 4th quarter valued at about $30,000. Modus Advisors LLC purchased a new stake in shares of Pacific Gas & Electric during the fourth quarter valued at approximately $36,000. Transamerica Financial Advisors LLC bought a new stake in Pacific Gas & Electric in the 2nd quarter worth $57,000. Finally, CoreCap Advisors LLC grew 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 during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

Pacific Gas & Electric Stock Performance

PCG opened at $12.32 on Tuesday. The business’s 50-day moving average price is $16.05 and its two-hundred day moving average price is $16.71. Pacific Gas & Electric has a 1 year low of $12.02 and a 1 year high of $19.16. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 1.03 and a beta of 0.24. 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 posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business posted $0.31 EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, September 30th. Pacific Gas & Electric’s payout ratio is 14.49%.

About Pacific Gas & Electric

Pacific Gas & Electric Corporation (NYSE: PCG) is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.