Pacific Gas & Electric (NYSE:PCG) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• PG&E shares moved above their 200-day moving average, reaching $17.85 and last trading near $17.82, up 2.1%.
• Analyst sentiment remains broadly positive, with seven Buy ratings, three Holds and one Sell; the consensus rating is “Moderate Buy” with a $22.20 price target.
• PG&E beat quarterly EPS expectations, reporting $0.40 versus the $0.36 consensus, while revenue of $5.90 billion fell short of estimates. The company also declared a $0.05 quarterly dividend, yielding about 1.1% annually.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.18 and traded as high as $17.85. Pacific Gas & Electric shares last traded at $17.8190, with a volume of 22,027,464 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PCG shares. JPMorgan Chase & Co. cut their price objective on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Friday, May 15th. Morgan Stanley set a $22.00 target price on shares of Pacific Gas & Electric in a report on Thursday, May 21st. Truist Financial dropped their price target on Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Finally, Wall Street Zen lowered Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pacific Gas & Electric currently has an average rating of "Moderate Buy" and a consensus target price of $22.20.

Pacific Gas & Electric Stock Up 2.1%

The company's 50-day moving average is $17.17 and its 200 day moving average is $17.18. The company has a market capitalization of $47.76 billion, a PE ratio of 12.91, a P/E/G ratio of 1.14 and a beta of 0.28. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, analysts anticipate that Pacific Gas & Electric Co. will post 1.65 EPS for the current year.

Pacific Gas & Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. Pacific Gas & Electric's dividend payout ratio (DPR) is 14.49%.

Insiders Place Their Bets

In related news, EVP Marlene Santos sold 158,250 shares of the company's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $2,848,500.00. Following the transaction, the executive vice president directly owned 230,885 shares of the company's stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Pacific Gas & Electric

Institutional investors and hedge funds have recently modified their holdings of the business. EFG International AG bought a new position in Pacific Gas & Electric during the 2nd quarter valued at about $1,383,000. Primecap Management Co. CA bought a new position in Pacific Gas & Electric during the second quarter valued at approximately $12,896,000. Canada Pension Plan Investment Board purchased a new stake in Pacific Gas & Electric in the second quarter worth approximately $320,820,000. Legal & General Group Plc purchased a new stake in Pacific Gas & Electric in the second quarter worth approximately $398,915,000. Finally, Paradigm Capital Management LLC NV bought a new stake in Pacific Gas & Electric in the 2nd quarter worth approximately $224,000. Institutional investors own 78.56% of the company's stock.

About Pacific Gas & Electric

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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