Pacific Gas & Electric (NYSE:PCG) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Pacific Gas & Electric's stock has surpassed its two hundred day moving average, currently trading at $16.07 with significant volume.
• Recent analyst reports have led to various price target adjustments, with Barclays increasing their target to $21.00 while maintaining an "overweight" rating.
• The company announced a quarterly dividend of $0.025 per share, representing an annualized yield of 0.6%, reflecting a low dividend payout ratio of 9.17%.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.51 and traded as high as $16.17. Pacific Gas & Electric shares last traded at $16.07, with a volume of 29,365,156 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PCG shares. Barclays boosted their target price on Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. Jefferies Financial Group set a $20.00 price objective on shares of Pacific Gas & Electric in a research report on Friday. Argus upgraded shares of Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. Morgan Stanley lowered their price target on shares of Pacific Gas & Electric from $20.00 to $19.50 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Pacific Gas & Electric presently has an average rating of "Hold" and an average price target of $20.05.

Pacific Gas & Electric Stock Up 1.1%

The firm has a market capitalization of $43.00 billion, a P/E ratio of 14.74, a PEG ratio of 1.18 and a beta of 0.58. The firm's 50 day moving average is $15.07 and its two-hundred day moving average is $15.51. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.94 and a quick ratio of 0.89.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the prior year, the business earned $0.31 EPS. The business's revenue 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. Research analysts predict that Pacific Gas & Electric Co. will post 1.49 EPS for the current year.

Pacific Gas & Electric Dividend Announcement

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

Institutional Trading of Pacific Gas & Electric

Several institutional investors and hedge funds have recently bought and sold shares of PCG. Costello Asset Management INC bought a new position in shares of Pacific Gas & Electric during the 1st quarter worth approximately $31,000. Deseret Mutual Benefit Administrators lifted its holdings in Pacific Gas & Electric by 45.0% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 674 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in Pacific Gas & Electric during the first quarter worth $39,000. Larson Financial Group LLC increased its holdings in shares of Pacific Gas & Electric by 198.1% in 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 last quarter. Finally, Financial Network Wealth Advisors LLC increased its holdings in shares of Pacific Gas & Electric by 57.7% in 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 last quarter. Institutional investors own 78.56% of the company's stock.

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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