Pacific Gas & Electric (NYSE:PCG) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• Pacific Gas & Electric's stock has received a "hold (C-)" rating reaffirmed by Weiss Ratings, with mixed ratings from other analysts, including upgrades and downgrades.
• Recent quarterly earnings reported a $0.31 EPS, missing expectations and showing a year-over-year revenue decline of 1.5%.
• Shares of Pacific Gas & Electric opened at $16.71, with a market capitalization of $44.71 billion and a 52-week range between $12.97 and $21.72.

Pacific Gas & Electric (NYSE:PCG - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

PCG has been the subject of a number of other reports. 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. Argus upgraded shares of Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. UBS Group cut their price objective on shares of Pacific Gas & Electric from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, September 18th. Barclays boosted their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. Finally, Jefferies Financial Group set a $20.00 price objective on shares of Pacific Gas & Electric in a report on Friday, October 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.05.

Pacific Gas & Electric Stock Up 3.1%

Shares of NYSE PCG opened at $16.71 on Wednesday. Pacific Gas & Electric has a 52-week low of $12.97 and a 52-week high of $21.72. The firm has a fifty day moving average of $15.17 and a 200-day moving average of $15.53. The stock has a market capitalization of $44.71 billion, a PE ratio of 15.33, a P/E/G ratio of 1.21 and a beta of 0.58. 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 (NYSE:PCG - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.95% and a return on equity of 10.13%. The company had revenue of $5.90 billion for the quarter, compared to analysts' expectations of $6.37 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm's quarterly 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. On average, analysts anticipate that Pacific Gas & Electric will post 1.49 EPS for the current year.

Institutional Investors Weigh In On Pacific Gas & Electric

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 4,378 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in Pacific Gas & Electric by 3.6% during the second quarter. State of Tennessee Department of Treasury now owns 447,708 shares of the utilities provider's stock worth $6,241,000 after acquiring an additional 15,473 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Pacific Gas & Electric by 499.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider's stock worth $6,037,000 after acquiring an additional 360,845 shares during the period. Waterloo Capital L.P. acquired a new stake in Pacific Gas & Electric during the second quarter worth about $200,000. Finally, Rhumbline Advisers raised its stake in Pacific Gas & Electric by 4.4% during the second quarter. Rhumbline Advisers now owns 4,497,447 shares of the utilities provider's stock worth $62,694,000 after acquiring an additional 189,353 shares during the period. Institutional investors and hedge funds 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.

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