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

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

Pacific Gas & Electric Stock Down 1.3%

Shares of NYSE PCG opened at $16.61 on Friday. Pacific Gas & Electric has a 1 year low of $12.97 and a 1 year high of $19.16. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.97 and a quick ratio of 0.92. The company has a 50 day simple moving average of $17.92 and a 200-day simple moving average of $16.63. The company has a market capitalization of $36.50 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.64 and a beta of 0.34.

Pacific Gas & Electric (NYSE:PCG) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.09% and a net margin of 11.44%.The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities research analysts predict that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Pacific Gas & Electric’s payout ratio is presently 15.50%.

Analyst Ratings Changes

PCG has been the topic of a number of research analyst reports. Wall Street Zen raised Pacific Gas & Electric from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Friday, March 27th. Mizuho set a $21.00 target price on Pacific Gas & Electric in a research report on Wednesday, January 21st. Truist Financial initiated coverage on Pacific Gas & Electric in a research report on Monday. They issued a “buy” rating and a $23.00 target price on the stock. Finally, UBS Group raised Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Pacific Gas & Electric presently has an average rating of “Moderate Buy” and an average target price of $21.91.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 31,786 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $18.31, for a total value of $582,001.66. Following the completion of the transaction, the executive vice president owned 195,091 shares in the company, valued at $3,572,116.21. The trade was a 14.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kerry Whorton Cooper sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $18.68, for a total transaction of $46,700.00. Following the completion of the transaction, the director owned 73,141 shares of the company’s stock, valued at approximately $1,366,273.88. This trade represents a 3.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 84,286 shares of company stock worth $1,528,746 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Key Headlines Impacting Pacific Gas & Electric

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

• Positive Sentiment: Q1 results: PCG reported $0.43 EPS (above estimates) and revenue of $6.88B, +15% y/y — clear near‑term operational and profit beat that supports the stock. PG&E Q1 Earnings Surpass Estimates
• Positive Sentiment: FY‑2026 guidance reaffirmed at $1.640–1.660 EPS (essentially in line with consensus), which reduces forward‑looking earnings uncertainty for investors. PG&E Q1 Results & Guidance
• Positive Sentiment: Analyst sentiment remains constructive — multiple buy/overweight ratings and a median price target well above the current level, providing upside support. Analyst Ratings & Targets
• Neutral Sentiment: Earnings call and presentation detailed growth drivers (including increased demand from data centers/AI workloads) and reform initiatives — informative for modeling but not an immediate catalyst. Earnings Call Presentation
• Neutral Sentiment: Press release highlighted customer bill relief for vulnerable households — positive PR but limited near‑term market impact on earnings. Customer Rate Announcement
• Negative Sentiment: Accounting/reporting concern: analysts flagged that one‑segment reporting may obscure business‑line volatility and emerging credit/wildfire exposures — raises scrutiny on transparency and risk disclosure. One‑Segment Reporting Risk
• Negative Sentiment: Insider and institutional activity: notable insider selling and large institutional position reductions reported in recent quarters — can amplify downward pressure and signal cautious positioning. Insider & Institutional Moves

Institutional Investors Weigh In On Pacific Gas & Electric

Institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its position in shares of Pacific Gas & Electric by 908.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 5,962 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Pacific Gas & Electric by 350.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 7,700 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Pacific Gas & Electric during the 1st quarter worth $203,000. Empowered Funds LLC lifted its position in shares of Pacific Gas & Electric by 16.4% during the 1st quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock worth $806,000 after purchasing an additional 6,601 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Pacific Gas & Electric by 93.0% during the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after purchasing an additional 40,380 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

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.