Pacific Gas & Electric (NYSE:PCG) Announces Quarterly Earnings Results

Pacific Gas & Electric (NYSE:PCG) released its earnings results on Thursday. The utilities provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01), Zacks reports. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share.

Pacific Gas & Electric Stock Performance

PCG traded down $0.32 during midday trading on Thursday, hitting $12.84. 8,075,346 shares of the company were exchanged, compared to its average volume of 26,542,818. The firm has a market capitalization of $34.40 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 1.06 and a beta of 0.28. The company’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $16.03. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. Pacific Gas & Electric has a 1-year low of $11.77 and a 1-year high of $19.16.

Pacific Gas & Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.05 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. Pacific Gas & Electric’s dividend payout ratio is presently 14.49%.

Trending Headlines about Pacific Gas & Electric

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

• Positive Sentiment: Management reaffirmed 2026 non-GAAP core EPS guidance of $1.64–$1.66 and 2027 guidance of $1.78–$1.82. PG&E also said it remains on track for 2%–4% non-fuel operating-cost reductions and is implementing a previously announced $2 billion reduction in its 2027 capital plan. PG&E Reports $776 Million Third-Quarter Net Income and Reaffirms 2026 Guidance
• Positive Sentiment: HSBC initiated coverage with a Buy rating and a $15.50 price target, while Morgan Stanley raised its target to $21 but retained an Equal Weight rating. These targets imply substantial potential upside from recent trading levels.
• Positive Sentiment: PG&E reported $1.06 in GAAP EPS for the first nine months of 2026, up from $0.89 in the comparable period last year, and continues work on a 5,000-mile undergrounding plan that could support long-term grid investment. PG&E Corporation Reports Third Quarter 2026 Results
• Neutral Sentiment: PG&E estimated that a potential government takeover of its San Francisco electric grid could cost approximately $22.5 billion, including $8.6 billion in severance damages and physical-separation costs. The estimate highlights the scale of the issue, but the proposal remains subject to California regulatory review. PG&E Submits Testimony on San Francisco Grid Takeover Cost
• Negative Sentiment: Third-quarter adjusted earnings were $0.41 per share, below the $0.42 consensus estimate and down from $0.50 a year earlier. Revenue fell 1% year over year to $6.188 billion, also missing estimates, while GAAP earnings available to common shareholders declined to $0.34 per share from $0.37. PG&E Misses Q3 Earnings and Revenue Estimates

Insider Activity at Pacific Gas & Electric

In other news, Director William Fugate sold 6,500 shares of Pacific Gas & Electric stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $13.76, for a total transaction of $89,440.00. Following the completion of the transaction, the director directly owned 73,530 shares of the company’s stock, valued at $1,011,772.80. The trade was a 8.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Larsen acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was purchased at an average price of $12.20 per share, with a total value of $91,500.00. Following the transaction, the director owned 36,685 shares of the company’s stock, valued at approximately $447,557. This trade represents a 25.70% increase in their position. The SEC filing for this purchase provides additional information. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PCG. Morgan Stanley upped their price objective on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Wells Fargo & Company lowered shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a report on Monday, August 31st. HSBC started coverage on shares of Pacific Gas & Electric in a research report on Thursday. They issued a “buy” rating and a $15.50 price target for the company. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $21.00 price objective (down from $28.00) on shares of Pacific Gas & Electric in a research note on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.21.

About Pacific Gas & Electric

PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas delivery services in Northern and Central California. Its operations include maintaining and operating electric transmission and distribution networks, natural gas pipelines, substations, and other infrastructure used to serve residential, commercial, industrial, and agricultural customers.

Pacific Gas and Electric Company serves a broad portion of California, including the San Francisco Bay Area, the Central Valley, and parts of the northern and central regions of the state.