Pacific Gas & Electric (NYSE:PCG) Sets New 1-Year Low – Should You Sell?

Pacific Gas & Electric Co. (NYSE:PCG) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $12.47 and last traded at $12.5560, with a volume of 3834909 shares changing hands. The stock had previously closed at $12.88.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PCG shares. Morgan Stanley decreased their price target on Pacific Gas & Electric from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. 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 research note on Tuesday, September 1st. Barclays decreased their price target on shares of Pacific Gas & Electric from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. Wells Fargo & Company lowered shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research note on Monday, August 31st. Finally, Jefferies Financial Group set a $13.00 price target on Pacific Gas & Electric in a report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.55.

Pacific Gas & Electric Stock Down 2.6%

The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.04 and a beta of 0.24. The firm has a 50-day moving average of $16.26 and a two-hundred day moving average of $16.79.

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

Pacific Gas & Electric Announces Dividend

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

Insider Buying and Selling

In other news, EVP Marlene Santos sold 158,250 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Fugate sold 6,500 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total value of $89,440.00. Following the completion of the sale, the director owned 73,530 shares in the company, valued at $1,011,772.80. This trade represents a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 166,000 shares of company stock worth $2,960,440 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Pacific Gas & Electric

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

Pacific Gas & Electric Company Profile

Pacific Gas & Electric Corporation (NYSE: PCG) is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.