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 morning. 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 0.5%

Shares of PCG opened at $16.89 on Thursday. The company has a market capitalization of $37.13 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.65 and a beta of 0.34. Pacific Gas & Electric has a one year low of $12.97 and a one year high of $19.16. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.92 and a current ratio of 0.97. The stock has a 50-day moving average price of $17.97 and a 200 day moving average price of $16.62.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.28% and a net margin of 10.84%.Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side 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 declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued 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 dividend payout ratio is currently 16.95%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PCG. Wall Street Zen downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Morgan Stanley set a $23.00 target price on Pacific Gas & Electric in a report on Friday, February 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $19.00 target price (down from $20.00) on shares of Pacific Gas & Electric in a report on Monday, March 23rd. Truist Financial began coverage on Pacific Gas & Electric in a report on Monday. They set 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 report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pacific Gas & Electric has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Insiders Place Their Bets

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

Institutional Trading of Pacific Gas & Electric

Several hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in shares of Pacific Gas & Electric by 59.5% in the 4th quarter. Captrust Financial Advisors now owns 468,091 shares of the utilities provider’s stock worth $7,522,000 after purchasing an additional 174,564 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of 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 purchasing an additional 54,474 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Pacific Gas & Electric by 42.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 9,454 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 2,836 shares during the last quarter. Pinebridge Investments LLC bought a new stake in shares of Pacific Gas & Electric in the 4th quarter worth approximately $28,967,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Pacific Gas & Electric by 350.0% in 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. Institutional investors own 78.56% of the company’s stock.

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.