Pacific Gas & Electric (NYSE:PCG) Announces Earnings Results

Pacific Gas & Electric (NYSE:PCG) announced its earnings results on Thursday. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36, FiscalAI reports. Pacific Gas & Electric had a return on equity of 11.10% and a net margin of 10.93%.The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter last year, the firm earned $0.31 EPS. Pacific Gas & Electric updated its FY 2026 guidance to 1.640-1.660 EPS.

Here are the key takeaways from Pacific Gas & Electric’s conference call:

• PG&E reported full-year 2025 core EPS of $1.50 (midpoint), raised and tightened 2026 guidance to $1.64–$1.66 implying ~10% growth, and doubled the 2026 annual dividend to $0.20.
• The company lowered customer bills again (fourth electric rate cut in two years), says bundled residential electric rates are ~11% below Jan 2024 and updated its “simple, affordable” model targeting 0%–3% future bill growth (aspiring to zero bill inflation).
• Operational risk metrics improved materially in 2025: serious injuries/fatalities down 43%, ignitions down 43% with a third consecutive year without a major fire caused by PG&E equipment, and system SAIDI improved 19%.
• Load-growth opportunity accelerated — ~3.6 GW of data-center demand in final engineering (up ~2 GW quarter-over-quarter) with management expecting about 1.8 GW online by 2030, which can materially reduce customer bills.
• Regulatory uncertainty remains a key stock risk: SB 254 Phase Two (CEA) recommendations and legislative action are critical, and PG&E warned it could reconsider its capital plan and other elements if legislative progress stalls.

Pacific Gas & Electric Stock Performance

Shares of NYSE PCG traded up $0.67 during midday trading on Thursday, reaching $17.77. The company had a trading volume of 29,361,487 shares, compared to its average volume of 22,272,361. Pacific Gas & Electric has a 1 year low of $12.97 and a 1 year high of $17.95. The business’s 50-day simple moving average is $15.65 and its 200 day simple moving average is $15.59. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81. The stock has a market cap of $39.05 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.65 and a beta of 0.36.

Pacific Gas & Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, December 31st. This is a positive change from Pacific Gas & Electric’s previous quarterly dividend of $0.03. Pacific Gas & Electric’s dividend payout ratio (DPR) is currently 16.81%.

More Pacific Gas & Electric News

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

• Positive Sentiment: PG&E tightened and nudged up its FY2026 EPS guidance to a 1.640–1.660 range (above consensus ~1.63), which supports a stronger forward earnings outlook and likely underpins the stock’s advance. PG&E Corporation Reports Solid 2025 Results, Tightens 2026 Earnings Guidance
• Positive Sentiment: Options flow showed heavy bullish activity today — ~45,532 call contracts traded (≈77% above average), indicating speculative/institutional buying that can amplify intraday upside.
• Positive Sentiment: Quarterly EPS of $0.36 matched consensus and improved year-over-year (from $0.31), and operating income ticked higher — confirms earnings stability in a utility with regulated cash flows. PG&E Q4 Earnings in Line With Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Company posted conference materials and a call/slide deck for investors — useful for detail on margin drivers, wildfire-related costs and capex plans; no new strategic surprise in the release. PG&E earnings materials
• Negative Sentiment: Revenue missed consensus (~$6.80B vs. ~$7.05B/7.12B in some estimates), and some outlets flagged a slight EPS miss versus a $0.37 figure — this revenue shortfall and mixed beat/miss can cap upside and prompt closer scrutiny of demand/price drivers. PG&E ($PCG) Releases Q4 2025 Earnings
• Negative Sentiment: WSJ notes Q4 net income fell year-over-year even as the company narrowed its adjusted EPS outlook — the drop in quarterly profit is a reminder of volatility from weather, energy prices and regulatory items. PG&E Profit Down, Tightens Adj EPS View for Year

Institutional Trading of Pacific Gas & Electric

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew 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 valued at $152,000 after purchasing an additional 2,836 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Pacific Gas & Electric by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 684,942 shares of the utilities provider’s stock worth $10,329,000 after purchasing an additional 4,248 shares during the period. Empowered Funds LLC boosted its position in Pacific Gas & Electric by 16.4% in the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock valued at $806,000 after buying an additional 6,601 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in 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 buying an additional 7,700 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Pacific Gas & Electric in the 1st quarter worth approximately $203,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Mizuho set a $21.00 price objective on Pacific Gas & Electric in a research note on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Pacific Gas & Electric in a report on Thursday, December 4th. Wall Street Zen raised shares of Pacific Gas & Electric from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Wells Fargo & Company increased their target price on shares of Pacific Gas & Electric from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pacific Gas & Electric presently has a consensus rating of “Hold” and an average target price of $20.55.

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.