Brokerages Set Pacific Gas & Electric Co. (NYSE:PCG) PT at $20.55

Key Points

• Pacific Gas & Electric Co. has received a consensus rating of "Moderate Buy" from twelve analysts, with a one-year target price averaging $20.55.
• The company recently reported an EPS of $0.31 for the last quarter, missing estimates, with revenues of $5.90 billion, down 1.5% year-over-year.
• Pacific Gas & Electric declared a quarterly dividend of $0.025 per share, resulting in an annualized yield of 0.7%.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.5455.

Several research firms have recently commented on PCG. Argus upgraded shares of Pacific Gas & Electric to a "hold" rating in a research note on Monday, June 16th. Mizuho raised their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Wells Fargo & Company reiterated an "overweight" rating and issued a $24.00 price objective on shares of Pacific Gas & Electric in a research note on Friday, April 25th. Morgan Stanley set a $18.00 price objective on shares of Pacific Gas & Electric and gave the company an "underweight" rating in a research note on Thursday, May 22nd. Finally, Barclays reduced their price objective on shares of Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, July 22nd.

Hedge Funds Weigh In On Pacific Gas & Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Pacific Gas & Electric by 1.2% during the first quarter. Vanguard Group Inc. now owns 257,285,352 shares of the utilities provider's stock worth $4,420,162,000 after acquiring an additional 2,926,384 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Pacific Gas & Electric by 3.0% during the second quarter. Geode Capital Management LLC now owns 58,079,843 shares of the utilities provider's stock worth $819,447,000 after buying an additional 1,676,093 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Pacific Gas & Electric by 70.3% during the fourth quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock worth $944,540,000 after buying an additional 19,317,171 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Pacific Gas & Electric by 4.3% during the first quarter. Northern Trust Corp now owns 19,944,322 shares of the utilities provider's stock worth $342,643,000 after buying an additional 818,377 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Pacific Gas & Electric by 352.3% in the first quarter. Canada Pension Plan Investment Board now owns 19,172,519 shares of the utilities provider's stock valued at $329,384,000 after purchasing an additional 14,933,364 shares during the period. Institutional investors and hedge funds own 78.56% of the company's stock.

Pacific Gas & Electric Stock Performance

Pacific Gas & Electric stock traded up $0.5050 during midday trading on Monday, hitting $15.6050. 33,722,647 shares of the company's stock were exchanged, compared to its average volume of 27,132,922. Pacific Gas & Electric has a 12-month low of $12.97 and a 12-month high of $21.72. The stock has a market cap of $41.75 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 1.12 and a beta of 0.54. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94. The firm's 50 day simple moving average is $14.13 and its 200 day simple moving average is $15.73.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the business posted $0.31 EPS. The firm's revenue was down 1.5% on a year-over-year basis. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Equities research analysts predict that Pacific Gas & Electric will post 1.49 EPS for the current year.

Pacific Gas & Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.025 per share. The ex-dividend date was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. Pacific Gas & Electric's payout ratio is presently 9.17%.

Pacific Gas & Electric Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.