Pacific Gas & Electric Co. (PCG) To Go Ex-Dividend on June 30th

Pacific Gas & Electric Co. (NYSE:PCG) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.05 per share by the utilities provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th.

Pacific Gas & Electric has a payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pacific Gas & Electric to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.0%.

Pacific Gas & Electric Stock Up 1.6%

PCG stock opened at $17.35 on Friday. Pacific Gas & Electric has a fifty-two week low of $12.97 and a fifty-two week high of $19.16. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.20 and a quick ratio of 1.13. The stock has a market capitalization of $46.50 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.66 and a beta of 0.27. The business’s fifty day moving average price is $16.61 and its two-hundred day moving average price is $16.75.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the company posted $0.33 earnings per share. Pacific Gas & Electric’s revenue was up 15.0% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts anticipate that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

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.