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

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.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) has received an average recommendation of "Hold" from the twelve analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $20.20.

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. Barclays reduced their price objective on shares of 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. Zacks Research raised shares of Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Mizuho raised their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Pacific Gas & Electric in a research report on Thursday, August 21st.

Pacific Gas & Electric Price Performance

Shares of PCG opened at $15.75 on Friday. The firm has a market cap of $42.14 billion, a PE ratio of 14.45, a P/E/G ratio of 1.14 and a beta of 0.57. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81. The firm has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $15.68. Pacific Gas & Electric has a 1-year low of $12.97 and a 1-year high of $21.72.

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

Hedge Funds Weigh In On Pacific Gas & Electric

Institutional investors have recently bought and sold shares of the business. Costello Asset Management INC acquired a new stake in Pacific Gas & Electric in the first quarter valued at approximately $31,000. Deseret Mutual Benefit Administrators lifted its stake in shares of Pacific Gas & Electric by 45.0% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock worth $37,000 after buying an additional 674 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of Pacific Gas & Electric during the first quarter worth $39,000. Larson Financial Group LLC lifted its position in Pacific Gas & Electric by 198.1% during the first quarter. Larson Financial Group LLC now owns 3,050 shares of the utilities provider's stock valued at $52,000 after purchasing an additional 2,027 shares during the period. Finally, Financial Network Wealth Advisors LLC lifted its position in Pacific Gas & Electric by 57.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 3,445 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 1,260 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

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.

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