Pacific Gas & Electric Co. (NYSE:PCG – Get Free Report) saw unusually large options trading on Thursday. Traders purchased 53,587 call options on the stock. This represents an increase of 69% compared to the typical daily volume of 31,786 call options.
Insider Transactions at Pacific Gas & Electric
In other Pacific Gas & Electric news, EVP Jason M. Glickman sold 47,264 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $16.35, for a total transaction of $772,766.40. Following the completion of the sale, the executive vice president directly owned 136,433 shares in the company, valued at approximately $2,230,679.55. The trade was a 25.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.
Institutional Investors Weigh In On Pacific Gas & Electric
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Pacific Gas & Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 62,134,132 shares of the utilities provider’s stock valued at $1,019,297,000 after buying an additional 1,132,249 shares during the period. SG Americas Securities LLC grew its position in Pacific Gas & Electric by 366.6% in the first quarter. SG Americas Securities LLC now owns 2,984,809 shares of the utilities provider’s stock worth $52,443,000 after acquiring an additional 2,345,120 shares during the period. Pinebridge Investments LLC acquired a new stake in Pacific Gas & Electric during the fourth quarter worth $28,967,000. Public Employees Retirement System of Ohio raised its position in Pacific Gas & Electric by 0.6% in the third 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 period. Finally, Captrust Financial Advisors lifted its stake 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 valued at $7,522,000 after purchasing an additional 174,564 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.
Pacific Gas & Electric Price Performance
Pacific Gas & Electric (NYSE:PCG – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, sell-side analysts predict that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.
Pacific Gas & Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. Pacific Gas & Electric’s dividend payout ratio (DPR) is 15.50%.
Analyst Upgrades and Downgrades
PCG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Wells Fargo & Company reissued an “overweight” rating and issued a $25.00 price objective on shares of Pacific Gas & Electric in a research note on Tuesday, April 21st. BMO Capital Markets decreased their price objective on Pacific Gas & Electric from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Truist Financial dropped their target price on shares of Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating for the company in a report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.30.
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
Pacific Gas & Electric Company Profile
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.
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