Pacific Gas & Electric Co. (NYSE:PCG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on PG&E, with seven buy ratings and three holds among 10 analysts. The average 12-month price target is $22.20, although several firms recently lowered their targets.
• PG&E reported quarterly earnings of $0.40 per share, beating estimates of $0.36, while revenue of $5.90 billion fell short of the $6.20 billion consensus estimate. The company reaffirmed fiscal 2026 earnings guidance of $1.64–$1.66 per share.
• Shares opened at $17.95, near their recent moving averages, while institutional investors own 78.56% of the stock. Executive Vice President Marlene Santos sold 158,250 shares for approximately $2.85 million under a pre-arranged trading plan.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $22.20.

A number of research firms have weighed in on PCG. Truist Financial reduced their target price on 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. Weiss Ratings lowered shares of Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. BMO Capital Markets cut their price target on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Wall Street Zen downgraded shares of Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Morgan Stanley decreased their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, August 21st.

Insider Activity at Pacific Gas & Electric

In other news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric 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 approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.22% of the company's stock.

Institutional Trading of Pacific Gas & Electric

Large investors have recently modified their holdings of the company. Focus Partners Advisor Solutions LLC bought a new stake in Pacific Gas & Electric during the 2nd quarter valued at $4,044,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of Pacific Gas & Electric during the 4th quarter worth $1,898,000. Harrison Street Private Wealth LLC bought a new position in shares of Pacific Gas & Electric during the 1st quarter worth $3,643,000. Geode Capital Management LLC increased its stake in shares of Pacific Gas & Electric by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider's stock valued at $1,019,297,000 after buying an additional 1,132,249 shares during the period. Finally, Horizon Investments LLC increased its stake in shares of Pacific Gas & Electric by 69.7% during the fourth quarter. Horizon Investments LLC now owns 164,784 shares of the utilities provider's stock valued at $2,648,000 after buying an additional 67,677 shares during the period. Hedge funds and other institutional investors own 78.56% of the company's stock.

Pacific Gas & Electric Stock Down 1.5%

Shares of NYSE:PCG opened at $17.95 on Friday. The firm has a market capitalization of $48.09 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.28. The business has a 50 day simple moving average of $17.40 and a two-hundred day simple moving average of $17.34. Pacific Gas & Electric has a 1 year low of $14.34 and a 1 year 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 - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping 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 firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business posted $0.31 earnings per share. 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, equities analysts predict that Pacific Gas & Electric will post 1.65 EPS for the current year.

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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