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 (EPS) guidance of 1.640-1.660 for the period, compared to the consensus estimate of 1.650. The company issued revenue guidance of -.

Pacific Gas & Electric Trading Down 2.5%

Shares of NYSE:PCG opened at $17.65 on Thursday. The company’s 50-day moving average price is $16.83 and its two-hundred day moving average price is $16.96. Pacific Gas & Electric has a one year low of $13.31 and a one year high of $19.16. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.20 and a quick ratio of 1.13. The stock has a market capitalization of $47.30 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.14 and a beta of 0.27.

Pacific Gas & Electric (NYSE:PCG) last released its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 11.44% and a return on equity of 11.95%. The firm’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

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

Analysts Set New Price Targets

PCG has been the topic of several analyst reports. Morgan Stanley set a $22.00 target price on Pacific Gas & Electric in a report on Thursday, May 21st. BMO Capital Markets reduced their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Truist Financial cut their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $25.00 target price on shares of Pacific Gas & Electric in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pacific Gas & Electric has an average rating of “Moderate Buy” and an average target price of $22.30.

Insider Buying and Selling at Pacific Gas & Electric

In other news, EVP Jason M. Glickman sold 47,264 shares of the business’s stock in a transaction dated 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 $2,230,679.55. The trade was a 25.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.22% of the company’s stock.

Hedge Funds Weigh In On Pacific Gas & Electric

Several institutional investors have recently added to or reduced their stakes in PCG. Pinebridge Investments LLC bought a new stake in Pacific Gas & Electric during the fourth quarter worth $28,967,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Pacific Gas & Electric by 499.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock valued at $6,037,000 after purchasing an additional 360,845 shares during the period. Captrust Financial Advisors lifted its stake in shares of Pacific Gas & Electric by 168.2% during the 3rd quarter. Captrust Financial Advisors now owns 293,527 shares of the utilities provider’s stock valued at $4,426,000 after buying an additional 184,086 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its holdings in Pacific Gas & Electric by 96.5% in 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 buying an additional 54,474 shares during the period. Finally, Woodline Partners LP grew its stake in Pacific Gas & Electric by 41.2% in the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock valued at $3,184,000 after buying an additional 54,033 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.