Pacific Gas & Electric's (PCG) Equal Weight Rating Reaffirmed at Wells Fargo & Company

Key Points

• Wells Fargo reaffirmed its “equal weight” rating on PG&E but lowered its price target from $25 to $24, implying approximately 44% upside from the reported $16.63 share price.
• Analyst sentiment remains mixed: five analysts rate PG&E a Buy and six rate it Hold, producing an overall “Hold” consensus and an average price target of $21.
• PG&E reported quarterly EPS of $0.40, exceeding the $0.36 consensus estimate, while revenue of $5.90 billion fell short of the $6.20 billion forecast; the company maintained fiscal 2026 EPS guidance of $1.64–$1.66.

Pacific Gas & Electric (NYSE:PCG - Get Free Report)'s stock had its "equal weight" rating reaffirmed by analysts at Wells Fargo & Company in a research report issued on Monday, Marketbeat reports. They presently have a $24.00 price target on the utilities provider's stock, down from their previous price target of $25.00. Wells Fargo & Company's price objective would indicate a potential upside of 44.32% from the company's current price.

Other equities research analysts have also issued reports about the stock. Truist Financial reduced their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Morgan Stanley lowered their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Friday, May 15th. Mizuho reaffirmed a "neutral" rating and set a $16.00 price target (down from $21.00) on shares of Pacific Gas & Electric in a research report on Monday. Finally, Weiss Ratings downgraded Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 4th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.00.

Pacific Gas & Electric Trading Up 0.2%

NYSE PCG opened at $16.63 on Monday. The business's 50-day moving average price is $17.41 and its two-hundred day moving average price is $17.34. Pacific Gas & Electric has a 12 month low of $14.34 and a 12 month high of $19.16. The firm has a market capitalization of $44.57 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.08 and a beta of 0.28. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.

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, topping analysts' consensus estimates 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 company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $0.31 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current year.

Insider Activity

In other news, EVP Marlene Santos sold 158,250 shares of the firm's stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. acquired a new stake in Pacific Gas & Electric in the second quarter worth $28,000. Tobam acquired a new position in shares of Pacific Gas & Electric during the fourth quarter valued at about $30,000. Modus Advisors LLC bought a new position in shares of Pacific Gas & Electric during the 4th quarter worth about $36,000. Transamerica Financial Advisors LLC bought a new position in shares of Pacific Gas & Electric during the 2nd quarter worth about $57,000. Finally, CoreCap Advisors LLC grew its stake in shares of Pacific Gas & Electric by 13.1% in the 2nd 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 period. Institutional investors and hedge funds own 78.56% of the company's stock.

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.

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