Pacific Gas & Electric Co. Announces Quarterly Dividend of $0.05 (NYSE:PCG)

Pacific Gas & Electric Co. (NYSE:PCG) declared a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be paid a dividend of 0.05 per share by the utilities provider on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Pacific Gas & Electric has a payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pacific Gas & Electric to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.0%.

Pacific Gas & Electric Stock Performance

Shares of NYSE:PCG traded up $0.08 during midday trading on Friday, reaching $16.52. The company’s stock had a trading volume of 14,143,401 shares, compared to its average volume of 22,211,262. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 1.88. The stock has a fifty day moving average of $17.21 and a 200 day moving average of $16.64. Pacific Gas & Electric has a twelve month low of $12.97 and a twelve month high of $19.16. The firm has a market capitalization of $44.26 billion, a PE ratio of 12.80, a P/E/G ratio of 0.62 and a beta of 0.29.

Pacific Gas & Electric (NYSE:PCG) last issued its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Insider Activity

In other news, Director Kerry Whorton Cooper sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $18.68, for a total value of $46,700.00. Following the completion of the sale, the director directly owned 73,141 shares in the company, valued at $1,366,273.88. The trade was a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jason M. Glickman sold 47,264 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $16.35, for a total value of $772,766.40. Following the transaction, the executive vice president directly owned 136,433 shares of the company’s stock, valued at approximately $2,230,679.55. The trade was a 25.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 81,550 shares of company stock worth $1,401,468 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Pacific Gas & Electric

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Pacific Gas & Electric by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock valued at $1,019,297,000 after purchasing an additional 1,132,249 shares during the period. SG Americas Securities LLC raised its position in shares of Pacific Gas & Electric by 366.6% during the 1st quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider’s stock worth $52,443,000 after purchasing an additional 2,345,120 shares during the last quarter. Pinebridge Investments LLC acquired a new position in shares of Pacific Gas & Electric during the 4th quarter worth about $28,967,000. Mediolanum International Funds Ltd lifted its stake in Pacific Gas & Electric by 49.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 947,127 shares of the utilities provider’s stock valued at $14,264,000 after buying an additional 315,133 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Pacific Gas & Electric by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 684,942 shares of the utilities provider’s stock worth $10,329,000 after buying an additional 4,248 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

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.