Pacific Gas & Electric’s (PCG) Neutral Rating Reiterated at Mizuho

Mizuho restated their neutral rating on shares of Pacific Gas & Electric (NYSE:PCG) in a research report report published on Monday, Marketbeat Ratings reports. They currently have a $16.00 price target on the utilities provider’s stock, down from their prior price target of $21.00.

PCG has been the subject of several other reports. BMO Capital Markets restated a “market perform” rating and set a $21.00 target price (down from $28.00) on shares of Pacific Gas & Electric in a report on Monday. Morgan Stanley reduced their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. JPMorgan Chase & Co. lowered 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 report on Friday, May 15th. Truist Financial dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company downgraded Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.27.

Pacific Gas & Electric Trading Down 5.2%

Shares of PCG stock opened at $13.32 on Monday. Pacific Gas & Electric has a fifty-two week low of $12.59 and a fifty-two week high of $19.16. The stock has a market cap of $35.71 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.11 and a beta of 0.24. The business has a fifty day simple moving average of $17.21 and a 200-day simple moving average of $17.27. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings results 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 business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts forecast that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value 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. The trade was a 40.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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.

Institutional Investors Weigh In On Pacific Gas & Electric

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in Pacific Gas & Electric in the 1st quarter worth about $203,000. Empowered Funds LLC increased its stake in shares of Pacific Gas & Electric by 16.4% during the 1st quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock valued at $806,000 after acquiring an additional 6,601 shares during the last quarter. Woodline Partners LP increased its stake in shares of Pacific Gas & Electric by 41.2% during the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock valued at $3,184,000 after acquiring an additional 54,033 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Pacific Gas & Electric by 93.0% during the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock valued at $1,440,000 after acquiring an additional 40,380 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Pacific Gas & Electric by 499.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after acquiring an additional 360,845 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

More Pacific Gas & Electric News

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

• Positive Sentiment: PG&E plans to invest approximately $11.4 billion in California during 2027 while deferring about $2 billion of spending. The move is intended to reduce higher-cost borrowing needs, preserve critical safety and compliance work, and support the company’s financial flexibility. PG&E to invest $11.4 billion in California in 2027
• Positive Sentiment: The company issued fiscal 2027 EPS guidance of $1.78 to $1.82, broadly in line with the $1.80 analyst consensus, and continues to project fiscal 2026 EPS of $1.64 to $1.66. The guidance suggests management expects earnings growth despite the current regulatory challenges.
• Positive Sentiment: CEO Patti Poppe said she remains hopeful that California lawmakers will revive wildfire-liability reform. Management believes reform could lower PG&E’s borrowing costs, help restore its investment-grade credit rating and unlock billions of dollars for infrastructure investment. PG&E CEO calls for wildfire reform
• Neutral Sentiment: JPMorgan lowered its PCG price target to $18 from $25 but maintained an “overweight” rating, implying substantial upside if wildfire-liability and financing concerns improve. Wells Fargo reiterated an “equal weight” rating, reflecting a more cautious view.
• Negative Sentiment: California lawmakers shelved a closely watched wildfire-liability proposal that did not provide the protections PG&E wanted. The setback intensified concerns about potentially uncapped liabilities, credit pressure and the company’s ability to fund its large capital program, triggering the recent selloff.
• Negative Sentiment: PG&E’s strategic review highlights continuing uncertainty over its business structure, financing and wildfire exposure. Bank of America also cut its rating to “neutral” and reduced its price target to $13 from $24, reinforcing the market’s cautious stance.

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.