Pacific Gas & Electric (NYSE:PCG) Sets New 1-Year Low – What’s Next?

Pacific Gas & Electric Co. (NYSE:PCG) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $11.91 and last traded at $11.9450, with a volume of 33004181 shares. The stock had previously closed at $12.34.

Analysts Set New Price Targets

PCG has been the topic of several analyst reports. Barclays dropped their target price on Pacific Gas & Electric from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, September 3rd. Wells Fargo & Company downgraded Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a report on Monday, August 31st. Morgan Stanley lowered their price objective on Pacific Gas & Electric from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. JPMorgan Chase & Co. dropped their price objective on shares of Pacific Gas & Electric from $25.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 2nd. Finally, Bank of America reaffirmed a “neutral” rating and set a $13.00 target price (down from $24.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pacific Gas & Electric currently has an average rating of “Hold” and a consensus target price of $17.55.

Pacific Gas & Electric Trading Up 0.5%

The stock has a market cap of $32.79 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.98 and a beta of 0.24. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The company has a 50 day moving average of $15.62 and a two-hundred day moving average of $16.54.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (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 company had revenue of $5.90 billion for the quarter, compared to the consensus estimate 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 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. Sell-side analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 14.49%.

Insider Buying and Selling at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 230,885 shares in the company, valued at approximately $4,155,930. This represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Fugate sold 6,500 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total transaction of $89,440.00. Following the transaction, the director directly owned 73,530 shares in the company, valued at approximately $1,011,772.80. The trade was a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 166,000 shares of company stock valued at $2,960,440. 0.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC boosted its holdings in Pacific Gas & Electric by 13.1% in the 2nd quarter. CoreCap Advisors LLC now owns 5,843 shares of the utilities provider’s stock worth $98,000 after buying an additional 677 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Pacific Gas & Electric by 5.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 16,368 shares of the utilities provider’s stock valued at $288,000 after acquiring an additional 885 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Pacific Gas & Electric by 19.6% during the second quarter. Versant Capital Management Inc now owns 6,636 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 1,088 shares during the last quarter. Keating Financial Advisory Services Inc. purchased a new position in shares of Pacific Gas & Electric in the second quarter valued at approximately $28,000. Finally, Tobam purchased a new position in shares of Pacific Gas & Electric in the fourth quarter valued at approximately $30,000. 78.56% of the stock is owned by hedge funds and other institutional investors.

Pacific Gas & Electric Company Profile

Pacific Gas and Electric Corporation, through its principal subsidiary Pacific Gas and Electric Company, is a regulated energy utility serving customers in Northern and Central California. The company delivers electricity and natural gas to residential, commercial, industrial and agricultural customers across its service territory.

PG&E’s operations include the transmission and distribution of electricity, natural gas distribution, and the maintenance and modernization of the infrastructure used to provide these services.