Pacific Gas & Electric (NYSE:PCG) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Pacific Gas & Electric Co. (NYSE:PCG) 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.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PCG shares. BMO Capital Markets dropped their price objective on shares of Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Truist Financial cut their price target on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pacific Gas & Electric has an average rating of “Moderate Buy” and an average target price of $22.20.

Pacific Gas & Electric Stock Performance

The stock has a 50 day moving average of $17.17 and a two-hundred day moving average of $17.18. The stock has a market capitalization of $47.76 billion, a PE ratio of 12.91, a P/E/G ratio of 1.16 and a beta of 0.28. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings data 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. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the business posted $0.31 earnings per share. Pacific Gas & Electric’s revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Research analysts expect that Pacific Gas & Electric Co. will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.05 dividend. The ex-dividend date 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%.

Insider Activity at Pacific Gas & Electric

In related news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the sale, the executive vice president owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PCG. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Pacific Gas & Electric during the 1st quarter worth approximately $203,000. Empowered Funds LLC raised its holdings in Pacific Gas & Electric by 16.4% during the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock worth $806,000 after purchasing an additional 6,601 shares during the last quarter. Woodline Partners LP raised its holdings in Pacific Gas & Electric by 41.2% during the first quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock worth $3,184,000 after purchasing an additional 54,033 shares during the last quarter. Focus Partners Wealth boosted its position in Pacific Gas & Electric by 93.0% during the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after purchasing an additional 40,380 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position 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 purchasing an additional 360,845 shares in the last quarter. 78.56% of the stock is owned by hedge funds and other 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.