Pacific Gas & Electric Co. (NYSE:PCG) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Pacific Gas & Electric Co. has received a consensus rating of "Hold" from analysts, with seven hold ratings and six buy ratings among thirteen analysts covering the stock.
• The company reported $0.31 earnings per share for the last quarter, missing analysts' estimates of $0.33, and has set a fiscal year 2025 guidance between 1.480-1.520 EPS.
• Pacific Gas & Electric recently declared a quarterly dividend of $0.025 per share, resulting in an annualized yield of 0.6% with a payout ratio of 9.17%.

Shares of Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $20.05.

A number of equities analysts have recently weighed in on PCG shares. Zacks Research raised Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. UBS Group lowered their price target on Pacific Gas & Electric from $19.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, September 18th. Jefferies Financial Group set a $20.00 price target on Pacific Gas & Electric in a research report on Friday. Morgan Stanley lowered their price target on Pacific Gas & Electric from $20.00 to $19.50 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Pacific Gas & Electric in a research report on Saturday, September 27th.

Pacific Gas & Electric Price Performance

Shares of NYSE:PCG opened at $16.07 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. Pacific Gas & Electric has a twelve month low of $12.97 and a twelve month high of $21.72. The stock's 50 day moving average is $15.07 and its 200-day moving average is $15.51. The firm has a market capitalization of $43.00 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.18 and a beta of 0.58.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued 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). 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 for the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the company earned $0.31 earnings per share. Pacific Gas & Electric's revenue for the quarter 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 forecast that Pacific Gas & Electric will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Pacific Gas & Electric's dividend payout ratio is presently 9.17%.

Institutional Investors Weigh In On Pacific Gas & Electric

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Pacific Gas & Electric by 42.1% in the 3rd quarter. GAMMA Investing LLC now owns 14,784 shares of the utilities provider's stock valued at $223,000 after buying an additional 4,378 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in Pacific Gas & Electric by 3.6% in the 2nd quarter. State of Tennessee Department of Treasury now owns 447,708 shares of the utilities provider's stock valued at $6,241,000 after purchasing an additional 15,473 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in Pacific Gas & Electric by 499.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider's stock valued at $6,037,000 after purchasing an additional 360,845 shares during the period. Waterloo Capital L.P. bought a new position in Pacific Gas & Electric in the 2nd quarter valued at $200,000. Finally, Rhumbline Advisers grew its stake in Pacific Gas & Electric by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 4,497,447 shares of the utilities provider's stock valued at $62,694,000 after purchasing an additional 189,353 shares during the period. 78.56% of the stock is owned by hedge funds and other 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.

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