Key Points
- Director John Larsen purchased 7,500 PG&E shares at $12.20 each, investing $91,500 and increasing his direct ownership by 25.7% to 36,685 shares.
- PG&E’s latest quarterly earnings of $0.40 per share exceeded estimates of $0.36, while revenue reached $5.90 billion. The company maintained 2026 EPS guidance of $1.64–$1.66.
- Analysts remain cautious, with a consensus “Hold” rating and an average price target of $17.55; the stock recently traded near $12.16, well below its 50-day and 200-day moving averages.
Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) Director John Larsen acquired 7,500 shares of the stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $12.20 per share, for a total transaction of $91,500.00. Following the transaction, the director directly owned 36,685 shares in the company, valued at approximately $447,557. This trade represents a 25.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Pacific Gas & Electric Stock Performance
NYSE PCG opened at $12.16 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 $32.59 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.98 and a beta of 0.28. Pacific Gas & Electric Co. has a 12-month low of $11.77 and a 12-month high of $19.16. The firm has a 50-day moving average price of $15.51 and a two-hundred day moving average price of $16.50.
Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its 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 net margin of 12.25% and a return on equity of 12.48%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The business'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. Analysts anticipate that Pacific Gas & Electric Co. will post 1.65 earnings per share for the current year.
Pacific Gas & Electric Dividend Announcement
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 given a dividend of $0.05 per share. 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 is currently 14.49%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Fox Hill Wealth Management acquired a new stake in shares of Pacific Gas & Electric in the 2nd quarter valued at $1,818,000. Rakuten Investment Management Inc. bought a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at $6,210,000. Glenview Trust Co acquired a new position in shares of Pacific Gas & Electric during the 2nd quarter worth $208,000. Empowered Funds LLC acquired a new position in shares of Pacific Gas & Electric during the 2nd quarter worth $8,566,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of Pacific Gas & Electric during the 2nd quarter worth $807,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have weighed in on PCG. UBS Group reaffirmed a "neutral" rating and issued a $14.00 price objective (down from $19.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 22nd. Wall Street Zen lowered Pacific Gas & Electric from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Truist Financial cut Pacific Gas & Electric from a "buy" rating to a "hold" rating and decreased their price target for the stock from $21.00 to $17.00 in a research report on Thursday, September 3rd. Barclays dropped their price target on Pacific Gas & Electric from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Thursday, September 3rd. Finally, Wells Fargo & Company cut shares of Pacific Gas & Electric from an "overweight" rating to a "buy" rating in a research report on Monday, August 31st. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.55.
Get Our Latest Stock Analysis on Pacific Gas & Electric
Pacific Gas & Electric Company Profile
(
Get Free Report)
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.
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