Pacific Gas & Electric (NYSE:PCG) Releases FY 2026 Earnings Guidance

Pacific Gas & Electric (NYSE:PCG) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.640-1.660 for the period, compared to the consensus EPS estimate of 1.650. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PCG. Wells Fargo & Company restated an “overweight” rating and set a $25.00 price target on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. decreased 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. Truist Financial dropped their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Weiss Ratings downgraded Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Wall Street Zen downgraded shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research report on Saturday. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.30.

Pacific Gas & Electric Stock Up 1.9%

Shares of Pacific Gas & Electric stock opened at $17.88 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. Pacific Gas & Electric has a one year low of $13.31 and a one year high of $19.16. The company has a market cap of $47.90 billion, a P/E ratio of 12.95, a PEG ratio of 1.14 and a beta of 0.27. The firm has a fifty day moving average of $16.88 and a two-hundred day moving average of $16.98.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, topping the consensus estimate 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 return on equity of 12.61% and a net margin of 12.25%.The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts forecast that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 annualized dividend and a yield of 1.1%. Pacific Gas & Electric’s dividend payout ratio (DPR) is presently 15.50%.

Insiders Place Their Bets

In related news, EVP Jason M. Glickman sold 47,264 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total value of $772,766.40. Following the completion of the transaction, the executive vice president 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

Key Pacific Gas & Electric News

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

• Positive Sentiment: PCG beat Q2 earnings estimates, reporting $0.40 per share versus expectations of $0.36-$0.37, helped by lower operating costs and higher customer rates. Utility PG&E beats quarterly profit estimates on higher rates
• Positive Sentiment: Management said data-center electricity demand is rising, with PG&E’s data-center project pipeline more than doubling in Q2, signaling a potential growth driver for future revenue. PG&E’s data center project pipeline more than doubled in Q2
• Positive Sentiment: The company reaffirmed FY2026 EPS guidance of $1.64 to $1.66, which is broadly in line with analyst expectations and supports the view that results remain on track. PG&E Corporation Reports Second Quarter 2026 Results; On Track to Deliver Solid 2026
• Neutral Sentiment: Wells Fargo reiterated its Buy rating on PCG, adding a supportive analyst signal but not changing the core earnings story. Wells Fargo Sticks to Its Buy Rating for PG&E (PCG)
• Neutral Sentiment: Some commentary flagged PG&E’s single-segment reporting and accounting presentation as potentially obscuring risk, which may raise questions for investors but is not an immediate earnings issue. Analyst Warns PG&E’s Single-Segment Reporting Under ASC 280 Masks Key Risks and Distorts Profitability Insights
• Negative Sentiment: Revenue missed estimates at $5.90 billion versus about $6.20 billion expected, and wildfire-safety spending remains a drag on margins and cash flow. PG&E Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

Institutional Investors Weigh In On Pacific Gas & Electric

Several hedge funds have recently modified their holdings of PCG. Captrust Financial Advisors grew its stake in shares of Pacific Gas & Electric by 59.5% during the 4th quarter. Captrust Financial Advisors now owns 468,091 shares of the utilities provider’s stock valued at $7,522,000 after buying an additional 174,564 shares during the period. 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 valued at $1,782,000 after acquiring an additional 54,474 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Pacific Gas & Electric by 42.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 9,454 shares of the utilities provider’s stock worth $152,000 after buying an additional 2,836 shares during the period. Pinebridge Investments LLC purchased a new position in shares of Pacific Gas & Electric during the 4th quarter valued at approximately $28,967,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Pacific Gas & Electric by 350.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock worth $149,000 after buying an additional 7,700 shares in the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

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.