Pacific Gas & Electric (NYSE:PCG) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Pacific Gas & Electric (NYSE:PCG) announced its earnings results on Thursday. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04, FiscalAI reports. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric updated its FY 2026 guidance to 1.640-1.660 EPS.

Pacific Gas & Electric Price Performance

Shares of PCG traded down $0.38 during mid-day trading on Thursday, hitting $17.73. The company’s stock had a trading volume of 7,824,177 shares, compared to its average volume of 20,670,355. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.88. Pacific Gas & Electric has a 1-year low of $13.31 and a 1-year high of $19.16. The firm has a market capitalization of $47.53 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.14 and a beta of 0.27. The firm has a 50-day simple moving average of $16.83 and a 200 day simple moving average of $16.96.

Pacific Gas & Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Pacific Gas & Electric’s payout ratio is currently 15.50%.

Analyst Ratings Changes

PCG has been the subject of a number of research analyst reports. Morgan Stanley set a $22.00 target price on Pacific Gas & Electric in a report on Thursday, May 21st. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. dropped their price target on shares of 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. Wells Fargo & Company reiterated an “overweight” rating and issued a $25.00 price objective on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Pacific Gas & Electric from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Insider Transactions at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Jason M. Glickman sold 47,264 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total transaction of $772,766.40. Following the sale, the executive vice president directly owned 136,433 shares of the company’s stock, valued at $2,230,679.55. This trade represents a 25.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Pacific Gas & Electric

Several large investors have recently added to or reduced their stakes in the business. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Pacific Gas & Electric by 96.5% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 110,915 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 54,474 shares during the period. Captrust Financial Advisors raised its stake in Pacific Gas & Electric by 168.2% during the third quarter. Captrust Financial Advisors now owns 293,527 shares of the utilities provider’s stock worth $4,426,000 after purchasing an additional 184,086 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 valued at $10,329,000 after purchasing an additional 4,248 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Pacific Gas & Electric by 22.1% during the 3rd quarter. Horizon Investments LLC now owns 97,107 shares of the utilities provider’s stock valued at $1,464,000 after buying an additional 17,595 shares during the period. Finally, State of Tennessee Department of Treasury raised its position in shares of Pacific Gas & Electric by 3.6% in the 2nd quarter. State of Tennessee Department of Treasury now owns 447,708 shares of the utilities provider’s stock worth $6,241,000 after buying an additional 15,473 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

More Pacific Gas & Electric News

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

• Positive Sentiment: Pacific Gas & Electric beat Q2 profit expectations, reporting EPS of $0.40 versus the $0.36 consensus, helped by higher customer bills, lower costs, and stronger power demand tied in part to AI data centers. Utility PG&E beats quarterly profit estimates on higher rates
• Positive Sentiment: The company’s Q2 results also showed EPS above estimates in other coverage, reinforcing the view that earnings are holding up even though revenue came in below forecasts. PG&E (PCG) Beats Q2 Earnings Estimates
• Positive Sentiment: Unusual options activity also points to bullish positioning, with investors buying 53,587 call options, well above recent average call volume.
• Neutral Sentiment: PG&E maintained FY 2026 EPS guidance of $1.64 to $1.66, roughly in line with expectations, which suggests management is not materially changing its outlook.
• Neutral Sentiment: Revenue for the quarter was $5.9 billion, below estimates, so investors may balance the earnings beat against softer top-line performance.
• Negative Sentiment: Ongoing wildfire-safety spending remains a cost headwind and could temper enthusiasm, even with the quarter’s profit beat. Utility PG&E beats quarterly profit estimates on higher rates

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.