Pacific Gas & Electric Co. (NYSE:PCG) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Pacific Gas & Electric Co. has received a consensus recommendation of "Hold" from twelve analysts, with one sell, five hold, and six buy ratings.
• The average 12-month price target for the stock is $20.20, showing varied expectations among analysts.
• For the most recent quarter, Pacific Gas & Electric reported $0.31 earnings per share, missing estimates, with revenue declining 1.5% year-over-year.

Shares of Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) have earned an average recommendation of "Hold" from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $20.20.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an "underweight" rating on shares of Pacific Gas & Electric in a research report on Thursday, August 21st. Zacks Research upgraded Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Argus upgraded Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. UBS Group set a $19.00 price target on Pacific Gas & Electric in a research report on Friday, August 29th. Finally, Barclays dropped their price target on Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 22nd.

Pacific Gas & Electric Trading Up 0.9%

PCG traded up $0.13 on Friday, hitting $15.08. 22,403,619 shares of the company were exchanged, compared to its average volume of 24,648,390. The firm has a fifty day simple moving average of $14.65 and a two-hundred day simple moving average of $15.65. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94. Pacific Gas & Electric has a 12 month low of $12.97 and a 12 month high of $21.72. The stock has a market capitalization of $40.35 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.31 earnings per share (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 company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. Pacific Gas & Electric's revenue was down 1.5% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Sell-side analysts expect that Pacific Gas & Electric will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Pacific Gas & Electric

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of 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 valued at $4,420,162,000 after purchasing an additional 2,926,384 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 valued at $819,447,000 after buying an additional 1,676,093 shares during the last quarter. Northern Trust Corp raised its stake in 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 valued at $342,643,000 after buying an additional 818,377 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Pacific Gas & Electric by 352.3% during 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 buying an additional 14,933,364 shares during the last quarter. Finally, Sessa Capital IM L.P. purchased a new position in Pacific Gas & Electric during the first quarter valued at $320,984,000. 78.56% of the stock is currently owned by institutional investors.

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.