Pacific Gas & Electric (NYSE:PCG) Posts Earnings Results, Misses Expectations By $0.01 EPS

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

Pacific Gas & Electric Trading Down 2.2%

Pacific Gas & Electric stock traded down $0.28 during trading on Thursday, hitting $12.87. The company’s stock had a trading volume of 6,959,171 shares, compared to its average volume of 26,540,395. The stock has a market capitalization of $34.48 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.06 and a beta of 0.28. The stock’s fifty day moving average is $14.24 and its 200 day moving average is $16.03. Pacific Gas & Electric has a 1-year low of $11.77 and a 1-year high of $19.16. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22.

Pacific Gas & Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.05 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 14.49%.

Analysts Set New Price Targets

Several research firms have issued reports on PCG. Barclays decreased their price target on shares of Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. UBS Group reissued a “neutral” rating on shares of Pacific Gas & Electric in a research note on Tuesday, October 13th. Mizuho reduced their price objective on shares of Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. Finally, Wells Fargo & Company lowered shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a research report on Monday, August 31st. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.21.

Insider Activity

In other Pacific Gas & Electric news, Director John Larsen purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $12.20 per share, with a total value of $91,500.00. Following the purchase, the director owned 36,685 shares in the company, valued at approximately $447,557. This represents a 25.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William Fugate sold 6,500 shares of Pacific Gas & Electric stock in a transaction 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 owned 73,530 shares in the company, valued at approximately $1,011,772.80. This trade represents a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.22% of the company’s stock.

Key Stories Impacting 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

Pacific Gas & Electric Company Profile

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.