Pacific Gas & Electric (NYSE:PCG) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Pacific Gas & Electric (NYSE:PCG) from a Buy to a Hold, while the MarketBeat consensus still registers as a Moderate Buy with a $22.40 target price.
• PCG beat the quarter with $0.43 EPS vs. $0.39 expected and $6.88B revenue vs. $6.20B expected, and set FY2026 guidance of 1.640–1.660 EPS (sell‑side average ~1.65).
• The stock trades near $16.45 with a $44.1B market cap and a 12.75 P/E, insiders sold roughly 131,550 shares last quarter, and institutional investors hold about 78.6% of the shares.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Pacific Gas & Electric in a report on Friday, March 27th. Morgan Stanley set a $23.00 price objective on Pacific Gas & Electric in a report on Friday, February 20th. Barclays raised their price objective on Pacific Gas & Electric from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Wednesday, February 18th. Jefferies Financial Group reissued a "hold" rating and set a $19.00 price objective (down from $20.00) on shares of Pacific Gas & Electric in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Pacific Gas & Electric from $21.00 to $24.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Pacific Gas & Electric presently has an average rating of "Moderate Buy" and a consensus target price of $22.40.

Pacific Gas & Electric Stock Performance

Shares of NYSE PCG opened at $16.45 on Friday. The stock has a market cap of $44.07 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.63 and a beta of 0.29. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.88. Pacific Gas & Electric has a 1-year low of $12.97 and a 1-year high of $19.16. The stock's 50-day moving average is $17.80 and its 200 day moving average is $16.64.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.04. The company had revenue of $6.88 billion for the quarter, compared to analysts' expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.Pacific Gas & Electric's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, sell-side analysts anticipate that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 31,786 shares of Pacific Gas & Electric stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $18.31, for a total value of $582,001.66. Following the transaction, the executive vice president directly owned 195,091 shares of the company's stock, valued at $3,572,116.21. The trade was a 14.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Simon sold 45,607 shares of Pacific Gas & Electric stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $18.00, for a total value of $820,926.00. Following the completion of the transaction, the executive vice president directly owned 392,303 shares in the company, valued at $7,061,454. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 131,550 shares of company stock valued at $2,301,512 over the last quarter. Company insiders own 0.22% of the company's stock.

Institutional Investors Weigh In On Pacific Gas & Electric

Large investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in shares of Pacific Gas & Electric in the 3rd quarter worth approximately $27,000. Versant Capital Management Inc grew its position in shares of Pacific Gas & Electric by 826.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,945 shares of the utilities provider's stock worth $29,000 after buying an additional 1,735 shares during the last quarter. Tobam bought a new stake in shares of Pacific Gas & Electric in the 4th quarter worth approximately $30,000. Torren Management LLC bought a new stake in shares of Pacific Gas & Electric in the 4th quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Pacific Gas & Electric by 3,240.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 2,372 shares of the utilities provider's stock worth $36,000 after buying an additional 2,301 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Company Profile

Pacific Gas & Electric NYSE: PCG is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company's core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.

PG&E's operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.

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