Pacific Gas & Electric (NYSE:PCG) Sets New 12-Month Low - Time to Sell?

Key Points

• PG&E shares fell to a new 52-week low, trading as low as $13.44 versus a prior close of $16.60, well below their 50-day and 200-day moving averages near $17.40.
• Analyst sentiment is mixed but leans cautious: five analysts rate the stock Buy and six rate it Hold, producing a consensus Hold rating and an average price target of $21.00.
• PG&E exceeded quarterly EPS estimates ($0.40 versus $0.36) but missed revenue expectations, while an executive sold 158,250 shares under a pre-arranged trading plan; institutional investors own 78.56% of the company.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $13.44 and last traded at $13.4890, with a volume of 7731671 shares traded. The stock had previously closed at $16.60.

Wall Street Analyst Weigh In

A number of research firms recently commented on PCG. Truist Financial reduced their target price on Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Wells Fargo & Company lowered Pacific Gas & Electric from an "overweight" rating to a "buy" rating in a research note on Monday. Weiss Ratings cut Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 4th. UBS Group reissued a "buy" rating on shares of Pacific Gas & Electric in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered Pacific Gas & Electric from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.00.

Pacific Gas & Electric Stock Performance

The company has a market cap of $36.37 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 1.08 and a beta of 0.28. The company's fifty day moving average is $17.41 and its 200 day moving average is $17.34. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90.

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

Insider Buying and Selling at Pacific Gas & Electric

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

Hedge Funds Weigh In On Pacific Gas & Electric

A number of large investors have recently bought and sold shares of PCG. Keating Financial Advisory Services Inc. bought a new position in shares of Pacific Gas & Electric in the second quarter worth approximately $28,000. Tobam bought a new stake in Pacific Gas & Electric during the 4th quarter valued at $30,000. Modus Advisors LLC bought a new stake in Pacific Gas & Electric during the 4th quarter valued at $36,000. Transamerica Financial Advisors LLC purchased a new stake in Pacific Gas & Electric during the 2nd quarter valued at $57,000. Finally, CoreCap Advisors LLC boosted its position in Pacific Gas & Electric by 13.1% during the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider's stock valued at $98,000 after buying an additional 677 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

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.

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