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 EPS guidance of 1.640-1.660 for the period, compared to the consensus EPS estimate of 1.630. The company issued revenue guidance of -.

Pacific Gas & Electric Stock Performance

PCG opened at $17.42 on Thursday. The firm has a market cap of $38.29 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 0.65 and a beta of 0.36. The business’s fifty day moving average is $15.65 and its 200-day moving average is $15.59. Pacific Gas & Electric has a 52-week low of $12.97 and a 52-week high of $17.95. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94.

Pacific Gas & Electric (NYSE:PCG) last released its earnings results on Thursday, February 12th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02). The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $7.05 billion. Pacific Gas & Electric had a return on equity of 11.10% and a net margin of 10.93%.During the same quarter in the previous year, the company earned $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Sell-side analysts expect that Pacific Gas & Electric will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Increases Dividend

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

Analysts Set New Price Targets

PCG has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Monday, December 29th. UBS Group lifted their price objective on Pacific Gas & Electric from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Wells Fargo & Company upped their price objective on Pacific Gas & Electric from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Jefferies Financial Group dropped their target price on shares of Pacific Gas & Electric from $21.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price target on Pacific Gas & Electric from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PCG. Public Employees Retirement System of Ohio raised its holdings 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 worth $10,329,000 after purchasing an additional 4,248 shares in the last quarter. State of Tennessee Department of Treasury boosted its position in Pacific Gas & Electric by 3.6% in the 2nd quarter. State of Tennessee Department of Treasury now owns 447,708 shares of the utilities provider’s stock worth $6,241,000 after purchasing an additional 15,473 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Pacific Gas & Electric by 499.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider’s stock worth $6,037,000 after acquiring an additional 360,845 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Pacific Gas & Electric by 168.2% in the third 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. Finally, Woodline Partners LP raised its position in shares of Pacific Gas & Electric by 41.2% during the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock worth $3,184,000 after purchasing an additional 54,033 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

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.