Brokerages Set Pacific Gas & Electric Co. (NYSE:PCG) Target Price at $22.20

Pacific Gas & Electric Co. (NYSE:PCG) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.7273.

A number of analysts recently issued reports on the stock. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Morgan Stanley reduced their price target on Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Truist Financial decreased their price objective on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Mizuho restated a “neutral” rating and set a $16.00 price objective (down from $21.00) on shares of Pacific Gas & Electric in a report on Monday. Finally, Wells Fargo & Company downgraded Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research report on Monday.

Pacific Gas & Electric Stock Up 5.6%

Shares of NYSE:PCG opened at $14.01 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $37.55 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.86 and a beta of 0.24. Pacific Gas & Electric has a 52-week low of $13.05 and a 52-week high of $19.16. The stock’s fifty day simple moving average is $17.28 and its 200-day simple moving average is $17.30.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.31 EPS. The firm’s quarterly 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. As a group, equities research analysts forecast that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric News Roundup

Here are the key news stories impacting Pacific Gas & Electric this week:

• Positive Sentiment: California lawmakers reportedly killed a wildfire bill that lacked liability protection for utilities. Investors viewed the bill’s failure as potentially leaving room for a future measure with stronger protections for companies such as PCG, helping support the shares. PG&E Stock, Edison International Rise as California Lawmakers Kill Wildfire Bill
• Positive Sentiment: The stock is attempting to stabilize following an approximately 18% decline in the previous session. The rebound reflects short-term bargain hunting and relief that the latest legislation did not become law in its investor-unfriendly form. What’s Happening With Pacific Gas & Electric Stock?
• Neutral Sentiment: Analyst views remain mixed. Wells Fargo maintained an Equal Weight rating while cutting its target to $24, and Mizuho reiterated Neutral with a $16 target, both reflecting elevated wildfire uncertainty. A Bank of America downgrade to Neutral and reduction of its target to $13 indicate that some analysts see additional downside risk. California Utility Stock Market Coverage
• Negative Sentiment: The core risk remains unresolved: the amended wildfire legislation omitted provisions that could have limited insurers’ ability to pursue utilities for wildfire damages. If PCG is linked to a future fire, potentially substantial liability could remain with the company, keeping regulatory and financial risks high. PG&E Utility Stocks and Wildfire Liability

Insider Buying and Selling at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total value of $2,848,500.00. Following the transaction, the executive vice president owned 230,885 shares in the company, valued at $4,155,930. This trade represents a 40.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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

Several large investors have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. purchased a new position in Pacific Gas & Electric in the second quarter valued at about $28,000. Tobam acquired a new position in Pacific Gas & Electric in the fourth quarter worth about $30,000. Torren Management LLC bought a new stake in Pacific Gas & Electric in the fourth quarter valued at about $33,000. Modus Advisors LLC bought a new stake in Pacific Gas & Electric in the fourth quarter valued at about $36,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Pacific Gas & Electric during the second quarter valued at approximately $57,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

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.