Pacific Gas & Electric (NYSE:PCG) Rating Lowered to Neutral at Bank of America

Key Points

• Bank of America downgraded PG&E from “Buy” to “Neutral” and set a $13 price target, implying approximately 2% downside from the stock’s $13.27 opening price.
• Analyst sentiment has weakened overall: PG&E has a consensus “Hold” rating from 12 analysts, with an average target of $19.73, although several firms retain bullish ratings and higher targets.
• PG&E exceeded quarterly EPS expectations, reporting $0.40 versus the $0.36 consensus, but wildfire-related liability concerns remain a major risk after California legislation failed to provide stronger investor protections.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) was downgraded by research analysts at Bank of America from a "buy" rating to a "neutral" rating in a report issued on Tuesday, Briefing.com reports. They presently have a $13.00 price objective on the utilities provider's stock. Bank of America's price target would suggest a potential downside of 2.03% from the company's current price.

Several other equities analysts also recently weighed in on the company. Truist Financial decreased their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an "overweight" rating for the company in a research note on Friday, May 15th. Wall Street Zen lowered Pacific Gas & Electric from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Wells Fargo & Company cut shares of Pacific Gas & Electric from an "overweight" rating to a "buy" rating in a research note on Monday. Finally, Mizuho reaffirmed a "neutral" rating and set a $16.00 target price (down from $21.00) on shares of Pacific Gas & Electric in a report on Monday. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $19.73.

Pacific Gas & Electric Price Performance

Shares of NYSE:PCG opened at $13.27 on Tuesday. Pacific Gas & Electric has a twelve month low of $13.09 and a twelve month high of $19.16. The company's 50 day moving average is $17.34 and its 200 day moving average is $17.32. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. The company has a market cap of $35.57 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 1.08 and a beta of 0.28.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, sell-side analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current year.

Insider Activity at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the completion of the transaction, the executive vice president owned 230,885 shares of the company's stock, valued at $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by company insiders.

Institutional Trading of Pacific Gas & Electric

A number of large investors have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in Pacific Gas & Electric by 13.1% during 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. Fifth Third Wealth Advisors LLC lifted 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 buying an additional 885 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Pacific Gas & Electric by 19.6% during the 2nd quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider's stock worth $112,000 after buying an additional 1,088 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Pacific Gas & Electric by 2.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 42,734 shares of the utilities provider's stock valued at $687,000 after buying an additional 1,142 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at $28,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Gas & Electric News Roundup

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

• Positive Sentiment: Wells Fargo reaffirmed its “equal weight” rating and maintained a $24 price target, while Mizuho kept a “neutral” rating with a $16 target. Both targets remain above the current share price, suggesting analysts see potential recovery if wildfire-related risks become more manageable.
• Neutral Sentiment: PG&E issued a statement regarding California Senate Bill 492, although the reported coverage did not provide details that would materially change the market’s assessment of the legislation. PG&E Statement on Senate Bill 492
• Neutral Sentiment: Broader market pressure from renewed U.S.-Iran tensions, higher oil prices and rising Treasury yields added to volatility, but the primary catalyst for PCG was California wildfire legislation rather than energy prices. Oil Jumps Near $90 On Iran Risk, California Utilities Crater
• Negative Sentiment: The amended bill reportedly excludes a proposal that would have prevented insurers from suing utilities over wildfire-related claims. Analysts said the legislation prioritizes victim protections without providing comparable safeguards for investors, leaving PG&E exposed if its equipment is linked to another wildfire. PG&E, other utility stocks sink as California leaves investors exposed to wildfire liability
• Negative Sentiment: The liability setback led to broad selling in California utilities, including PG&E and Edison International. Investors are reassessing the sector’s legal, insurance and balance-sheet risks, overshadowing PG&E’s recent earnings beat and fiscal 2026 EPS guidance of $1.64–$1.66. PG&E shares plunge as California wildfire bill falls short of protections sought

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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