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 earnings per share guidance of 1.640-1.660 for the period, compared to the consensus estimate of 1.650. The company issued revenue guidance of -.

Pacific Gas & Electric Stock Performance

PCG opened at $17.58 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.13 and a current ratio of 1.20. The company has a market cap of $47.10 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.18 and a beta of 0.27. The stock has a 50-day moving average of $16.84 and a 200-day moving average of $16.97. Pacific Gas & Electric has a 52-week low of $13.31 and a 52-week high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, equities research analysts forecast that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.

Pacific Gas & Electric Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on PCG shares. Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Morgan Stanley set a $22.00 price objective on Pacific Gas & Electric in a research report on Thursday, May 21st. JPMorgan Chase & Co. lowered their price objective on Pacific Gas & Electric from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Truist Financial dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of Pacific Gas & Electric from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Insider Buying and Selling at Pacific Gas & Electric

In related news, EVP Jason M. Glickman sold 47,264 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $16.35, for a total transaction of $772,766.40. Following the transaction, the executive vice president owned 136,433 shares in the company, valued at $2,230,679.55. This represents a 25.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

Pacific Gas & Electric News Roundup

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

• Positive Sentiment: PG&E beat Q2 earnings estimates, reporting $0.40 per share versus expectations around $0.36-$0.37, helped by lower operating costs, higher rates, and stronger power demand from AI/data center customers. 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, reinforcing the growth opportunity from rising electricity demand tied to AI infrastructure. PG&E’s data center project pipeline more than doubled in Q2
• Positive Sentiment: Management reaffirmed FY 2026 EPS guidance of $1.64-$1.66, which signals confidence in the company’s earnings outlook for the year. PG&E Corporation Reports Second Quarter 2026 Results; On Track to Deliver Solid 2026
• Positive Sentiment: Trading activity showed unusually heavy call-option buying, suggesting some investors are positioning for additional upside after the earnings release. PG&E ($PCG) Releases Q2 2026 Earnings
• Neutral Sentiment: PG&E customers are set to receive electric credits soon, which may be politically and reputationally relevant but is not likely a major direct earnings driver. PG&E customers to get electric credits soon
• Negative Sentiment: Revenue came in below estimates at about $5.9 billion versus roughly $6.2 billion expected, showing that earnings strength was not fully supported by top-line growth. Pacific Gas & Electric earnings report
• Negative Sentiment: An analyst note warned that PG&E’s single-segment reporting under ASC 280 could obscure key risks and distort profitability visibility, adding to investor caution around transparency and risk assessment. Analyst Warns PG&E’s Single-Segment Reporting Under ASC 280 Masks Key Risks and Distorts Profitability Insights

Institutional Trading of Pacific Gas & Electric

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its stake in shares of Pacific Gas & Electric by 59.5% in the 4th quarter. Captrust Financial Advisors now owns 468,091 shares of the utilities provider’s stock valued at $7,522,000 after buying an additional 174,564 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Pacific Gas & Electric by 96.5% during 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. lifted its stake in shares of 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 valued at $152,000 after acquiring an additional 2,836 shares during the period. Pinebridge Investments LLC bought a new position in Pacific Gas & Electric in the fourth quarter valued at about $28,967,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Pacific Gas & Electric by 350.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 7,700 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

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.