Pacific Gas & Electric (NYSE:PCG) Downgraded by Bank of America to Neutral

Pacific Gas & Electric (NYSE:PCG) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They currently have a $13.00 target price on the utilities provider’s stock. Bank of America‘s price objective indicates a potential downside of 2.03% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Truist Financial dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Mizuho reaffirmed a “neutral” rating and issued a $16.00 target price (down from $21.00) on shares of Pacific Gas & Electric in a report on Monday. Wells Fargo & Company downgraded shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research report on Monday. Weiss Ratings cut Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. cut their target price on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.73.

Pacific Gas & Electric Trading Down 20.1%

Shares of Pacific Gas & Electric stock opened at $13.27 on Tuesday. 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 market capitalization of $35.57 billion, a P/E ratio of 9.62, a PEG ratio of 1.08 and a beta of 0.28. Pacific Gas & Electric has a 1 year low of $13.09 and a 1 year high of $19.16. The company’s fifty day moving average is $17.34 and its two-hundred day moving average is $17.32.

Pacific Gas & Electric (NYSE:PCG) last announced its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Analysts forecast that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This represents a 40.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PCG. Gallagher Fiduciary Advisors LLC purchased a new position in Pacific Gas & Electric during the second quarter worth $300,895,000. Legal & General Group Plc purchased a new stake in shares of Pacific Gas & Electric in the second quarter valued at $398,915,000. Canada Pension Plan Investment Board acquired a new stake in shares of Pacific Gas & Electric during the second quarter valued at $320,820,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Pacific Gas & Electric during the 2nd quarter worth about $314,855,000. Finally, Man Group plc purchased a new stake in Pacific Gas & Electric during the 2nd quarter worth about $188,513,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric News Roundup

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

• Positive Sentiment: Wells Fargo reaffirmed its “equal weight” rating and maintained a $24 price target, while Mizuho kept a “neutral” rating with a $16 target. Both targets remain above the current share price, suggesting analysts see potential recovery if wildfire-related risks become more manageable.
• Neutral Sentiment: PG&E issued a statement regarding California Senate Bill 492, although the reported coverage did not provide details that would materially change the market’s assessment of the legislation. PG&E Statement on Senate Bill 492
• Neutral Sentiment: Broader market pressure from renewed U.S.-Iran tensions, higher oil prices and rising Treasury yields added to volatility, but the primary catalyst for PCG was California wildfire legislation rather than energy prices. Oil Jumps Near $90 On Iran Risk, California Utilities Crater
• Negative Sentiment: The amended bill reportedly excludes a proposal that would have prevented insurers from suing utilities over wildfire-related claims. Analysts said the legislation prioritizes victim protections without providing comparable safeguards for investors, leaving PG&E exposed if its equipment is linked to another wildfire. PG&E, other utility stocks sink as California leaves investors exposed to wildfire liability
• Negative Sentiment: The liability setback led to broad selling in California utilities, including PG&E and Edison International. Investors are reassessing the sector’s legal, insurance and balance-sheet risks, overshadowing PG&E’s recent earnings beat and fiscal 2026 EPS guidance of $1.64–$1.66. PG&E shares plunge as California wildfire bill falls short of protections sought

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.