Pacific Gas & Electric (NYSE:PCG) Issues Earnings Results, Beats Estimates By $0.04 EPS

Pacific Gas & Electric (NYSE:PCG) released its quarterly earnings data on Thursday. The utilities provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04, FiscalAI reports. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.28% and a net margin of 10.84%.The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. 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 first-quarter core EPS of $0.43, reaffirmed full-year 2026 core EPS guidance of $1.64–$1.66 and 9%+ annual EPS growth through 2027–2030, and said no new common equity will be needed through 2030.
• The company highlighted continued progress on affordability, implementing its fifth rate reduction since January 2024 — bundled rates down 23% for most vulnerable customers and 13% for other residential customers.
• PG&E’s continuous monitoring program prevented ~16 million unplanned customer outage minutes (12M in 2025, 4M in Q1 2026), produced 1,484 “good catches,” and drove estimated savings (~$8M capital, ~$1M expense).
• Wildfire liability reform remains a material uncertainty — executives warned that an insufficient legislative outcome could force a reevaluation of capital allocation and leave shareholders exposed to tail risk (including potential required contributions).
• Large-load momentum: 4.6 GW in final engineering, >10 GW of interest from the latest cluster study, and CAISO awarded ~$4.16B of transmission projects to PG&E, but timing and conversion to construction remain uncertain.

Pacific Gas & Electric Trading Up 0.2%

NYSE PCG traded up $0.04 during trading on Thursday, hitting $16.92. The stock had a trading volume of 15,692,986 shares, compared to its average volume of 22,495,893. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $37.18 billion, a PE ratio of 14.28, a PEG ratio of 0.65 and a beta of 0.34. The firm has a 50 day moving average price of $17.97 and a 200 day moving average price of $16.62. Pacific Gas & Electric has a twelve month low of $12.97 and a twelve month high of $19.16.

Pacific Gas & Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, March 31st. Pacific Gas & Electric’s dividend payout ratio (DPR) is 16.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PCG shares. UBS Group raised Pacific Gas & Electric from a “neutral” rating to a “buy” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. upped their target price on shares of Pacific Gas & Electric from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, March 18th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $25.00 target price on shares of Pacific Gas & Electric in a research note on Tuesday. Mizuho set a $21.00 price target on shares of Pacific Gas & Electric in a research report on Wednesday, January 21st. Finally, Truist Financial initiated coverage on shares of Pacific Gas & Electric in a report on Monday. They issued a “buy” rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Pacific Gas & Electric presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Key Pacific Gas & Electric News

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

• Positive Sentiment: Q1 beat and revenue growth — PG&E reported Q1 2026 EPS of $0.43, topping consensus and showing revenue up ~15% year‑over‑year to $6.88B; operating income improved, signaling stronger core utility performance that helps near‑term earnings visibility. Article Title
• Positive Sentiment: Guidance and corporate messaging — PG&E set FY‑2026 EPS guidance of $1.640–1.660, essentially in line with consensus (~1.65), and corporate releases emphasize being “on track” for the year and lower bundled rates for vulnerable customers — supports predictability. Article Title
• Positive Sentiment: Analyst support — Recent upgrades and price targets (multiple firms with targets in the low‑$20s and a Truist “strong‑buy”) give a catalyst for upside if fundamentals remain stable. Article Title
• Neutral Sentiment: Macro/value framing — PCG is being highlighted in value‑stock screens (low P/CF) amid broader market volatility; that may attract long‑term value buyers but is not an immediate catalyst. Article Title
• Neutral Sentiment: AI/industrial demand note — Coverage (WSJ) points to higher utility demand tied to AI/data center growth in California; helpful context but not a guaranteed driver of near‑term EPS upside. Article Title
• Negative Sentiment: Insider selling and large institutional reductions — Recent filings show multiple insider sales and large institutions trimming positions (noted heavy reductions at some asset managers), which can weigh on sentiment and put downward pressure on the stock. Article Title

Insider Activity

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 shares were sold at an average price of $18.31, for a total transaction of $582,001.66. Following the sale, the executive vice president directly owned 195,091 shares in the company, valued at $3,572,116.21. This represents a 14.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kerry Whorton Cooper sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $18.68, for a total transaction of $46,700.00. Following the completion of the transaction, the director directly owned 73,141 shares of the company’s stock, valued at $1,366,273.88. This represents a 3.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 84,286 shares of company stock valued at $1,528,746. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of Pacific Gas & Electric

Several hedge funds have recently modified their holdings of PCG. Dynamic Technology Lab Private Ltd purchased a new stake in Pacific Gas & Electric during the 1st quarter worth about $203,000. Empowered Funds LLC boosted its stake in shares of Pacific Gas & Electric by 16.4% in the 1st 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 period. Woodline Partners LP grew its position in shares of Pacific Gas & Electric by 41.2% during the first quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock worth $3,184,000 after buying an additional 54,033 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Pacific Gas & Electric by 93.0% during the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after buying an additional 40,380 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Pacific Gas & Electric by 499.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after buying an additional 360,845 shares during the period. 78.56% of the stock is currently 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.