Pacific Gas & Electric Co. (NYSE:PCG) Receives $20.73 Consensus Target Price from Analysts

Shares of Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.73.

PCG has been the topic of a number of research analyst reports. UBS Group lowered Pacific Gas & Electric from a "buy" rating to a "neutral" rating and lowered their price target for the company from $22.00 to $19.00 in a report on Wednesday, March 19th. Barclays decreased their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Guggenheim boosted their price target on shares of Pacific Gas & Electric from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report 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 report on Thursday, May 22nd. Finally, Evercore ISI raised their price objective on shares of Pacific Gas & Electric from $15.00 to $17.00 and gave the company an "in-line" rating in a research note on Monday, April 28th.

Pacific Gas & Electric Stock Performance

Pacific Gas & Electric stock traded down $0.11 during midday trading on Friday, reaching $13.98. 31,193,948 shares of the stock traded hands, compared to its average volume of 18,254,471. The firm has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $16.81. Pacific Gas & Electric has a fifty-two week low of $13.34 and a fifty-two week high of $21.72. The firm has a market cap of $37.39 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.99 and a beta of 0.60. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). Pacific Gas & Electric had a return on equity of 10.35% and a net margin of 9.81%. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Pacific Gas & Electric will post 1.49 earnings per share for the current year.

Pacific Gas & Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.025 per share. The ex-dividend date is Monday, June 30th. This represents a $0.10 annualized dividend and a yield of 0.72%. Pacific Gas & Electric's payout ratio is presently 9.17%.

Insider Buying and Selling at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 32,519 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the sale, the executive vice president now directly owns 151,116 shares of the company's stock, valued at $2,614,306.80. The trade was a 17.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PCG. GAMMA Investing LLC boosted its position in Pacific Gas & Electric by 738.7% during the 1st quarter. GAMMA Investing LLC now owns 176,043 shares of the utilities provider's stock worth $3,024,000 after acquiring an additional 155,052 shares during the period. Blue Trust Inc. boosted its holdings in shares of Pacific Gas & Electric by 38.1% during the first quarter. Blue Trust Inc. now owns 5,316 shares of the utilities provider's stock worth $91,000 after purchasing an additional 1,468 shares during the period. Cetera Investment Advisers grew its position in Pacific Gas & Electric by 14.5% during the fourth quarter. Cetera Investment Advisers now owns 101,240 shares of the utilities provider's stock valued at $2,043,000 after purchasing an additional 12,847 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Pacific Gas & Electric by 138.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 254,549 shares of the utilities provider's stock valued at $4,373,000 after buying an additional 147,964 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Pacific Gas & Electric by 14.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 37,756 shares of the utilities provider's stock worth $649,000 after buying an additional 4,880 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

About Pacific Gas & Electric

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.