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

Pacific Gas & Electric (NYSE:PCG) posted its quarterly earnings data on Thursday. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04, FiscalAI reports. Pacific Gas & Electric had a net margin of 11.44% and a return on equity of 11.95%. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. 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 reiterated 2026 core EPS guidance of $1.64 to $1.66 and said it remains on track for double-digit earnings growth, supported by disciplined execution and cost control.
• The company kept its $73 billion capital plan through 2030 unchanged and said its equity needs are already covered through 2030, with no additional equity financing required under the current plan.
• PG&E highlighted continued progress on safety and reliability, including fourth-year progress with no major fires linked to its equipment, improved reliability year to date, and ongoing benefits from continuous monitoring technology.
• The company’s data center pipeline rose to over 12 gigawatts after its latest cluster study, but management emphasized that only higher-quality, rate-reducing projects will move forward and that pricing and interconnection rules still need clarity.
• Management again warned that if California does not deliver a durable wildfire liability reform framework, PG&E may need to reevaluate capital allocation priorities and long-term investment plans, which could affect future growth and financing assumptions.

Pacific Gas & Electric Stock Up 0.6%

PCG opened at $17.65 on Friday. The business’s 50-day simple moving average is $16.84 and its 200-day simple moving average is $16.97. The stock has a market capitalization of $47.31 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 1.18 and a beta of 0.27. Pacific Gas & Electric has a one year low of $13.31 and a one year high of $19.16. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20.

Pacific Gas & Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Pacific Gas & Electric’s payout ratio is currently 15.50%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Wells Fargo & Company restated an “overweight” rating and issued a $25.00 price target on shares of Pacific Gas & Electric in a research report on Tuesday, April 21st. Wall Street Zen raised Pacific Gas & Electric from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings lowered Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Morgan Stanley set a $22.00 price target on shares of Pacific Gas & Electric in a report on Thursday, May 21st. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.30.

Insider Activity 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 on Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total transaction of $772,766.40. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pacific Gas & Electric

Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in shares of Pacific Gas & Electric by 59.5% during the fourth quarter. Captrust Financial Advisors now owns 468,091 shares of the utilities provider’s stock worth $7,522,000 after purchasing an additional 174,564 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Pacific Gas & Electric by 96.5% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 110,915 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 54,474 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Pacific Gas & Electric by 42.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 9,454 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 2,836 shares during the last quarter. Pinebridge Investments LLC acquired a new stake in shares of Pacific Gas & Electric during the 4th quarter worth $28,967,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Pacific Gas & Electric by 350.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 7,700 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Pacific Gas & Electric News Summary

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

• Positive Sentiment: PG&E beat Q2 earnings expectations, reporting $0.40 EPS versus estimates around $0.36-$0.37, helped by higher rates, lower operating costs, and stronger power demand tied to data centers. Utility PG&E beats quarterly profit estimates on higher rates
• Positive Sentiment: The company said its data center project pipeline more than doubled in Q2, suggesting rising long-term demand for utility service and supporting the growth outlook. PG&E’s data center project pipeline more than doubled in Q2
• Neutral Sentiment: Management reaffirmed FY 2026 EPS guidance of $1.64-$1.66, which is close to consensus and signals stability rather than a major upward revision. PG&E Corporation Reports Second Quarter 2026 Results; On Track to Deliver Solid 2026
• Neutral Sentiment: Customers are set to receive electric credits soon, which is relevant operationally but not likely a major direct catalyst for the stock. PG&E customers to get electric credits soon
• Negative Sentiment: Revenue came in below expectations at about $5.9 billion versus estimates near $6.2 billion, which may be tempering enthusiasm despite the earnings beat. PG&E earnings report and transcript
• Negative Sentiment: An analyst note warned that PG&E’s single-segment reporting may obscure key risks and profitability details, adding a cautionary overhang for investors. Analyst Warns PG&E’s Single-Segment Reporting Under ASC 280 Masks Key Risks and Distorts Profitability Insights

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.