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

Pacific Gas & Electric (NYSE:PCG) issued its quarterly earnings results on Thursday. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36, FiscalAI reports. The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $7.05 billion. Pacific Gas & Electric had a return on equity of 11.10% and a net margin of 10.93%.During the same period last year, the company earned $0.31 earnings per share. 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 reported full-year 2025 core EPS of $1.50 (midpoint), raised and tightened 2026 guidance to $1.64–$1.66 implying ~10% growth, and doubled the 2026 annual dividend to $0.20.
• The company lowered customer bills again (fourth electric rate cut in two years), says bundled residential electric rates are ~11% below Jan 2024 and updated its “simple, affordable” model targeting 0%–3% future bill growth (aspiring to zero bill inflation).
• Operational risk metrics improved materially in 2025: serious injuries/fatalities down 43%, ignitions down 43% with a third consecutive year without a major fire caused by PG&E equipment, and system SAIDI improved 19%.
• Load-growth opportunity accelerated — ~3.6 GW of data-center demand in final engineering (up ~2 GW quarter-over-quarter) with management expecting about 1.8 GW online by 2030, which can materially reduce customer bills.
• Regulatory uncertainty remains a key stock risk: SB 254 Phase Two (CEA) recommendations and legislative action are critical, and PG&E warned it could reconsider its capital plan and other elements if legislative progress stalls.

Pacific Gas & Electric Trading Up 3.9%

Shares of NYSE PCG traded up $0.67 during trading hours on Thursday, reaching $17.77. The stock had a trading volume of 29,361,487 shares, compared to its average volume of 22,272,361. Pacific Gas & Electric has a 52-week low of $12.97 and a 52-week high of $17.95. The firm has a market cap of $39.05 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.65 and a beta of 0.36. The business’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $15.59. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.81.

Pacific Gas & Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.05 per share. This is a boost from Pacific Gas & Electric’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Pacific Gas & Electric’s payout ratio is presently 16.81%.

Key Headlines Impacting Pacific Gas & Electric

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

• Positive Sentiment: PG&E tightened and nudged up its FY2026 EPS guidance to a 1.640–1.660 range (above consensus ~1.63), which supports a stronger forward earnings outlook and likely underpins the stock’s advance. PG&E Corporation Reports Solid 2025 Results, Tightens 2026 Earnings Guidance
• Positive Sentiment: Options flow showed heavy bullish activity today — ~45,532 call contracts traded (≈77% above average), indicating speculative/institutional buying that can amplify intraday upside.
• Positive Sentiment: Quarterly EPS of $0.36 matched consensus and improved year-over-year (from $0.31), and operating income ticked higher — confirms earnings stability in a utility with regulated cash flows. PG&E Q4 Earnings in Line With Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Company posted conference materials and a call/slide deck for investors — useful for detail on margin drivers, wildfire-related costs and capex plans; no new strategic surprise in the release. PG&E earnings materials
• Negative Sentiment: Revenue missed consensus (~$6.80B vs. ~$7.05B/7.12B in some estimates), and some outlets flagged a slight EPS miss versus a $0.37 figure — this revenue shortfall and mixed beat/miss can cap upside and prompt closer scrutiny of demand/price drivers. PG&E ($PCG) Releases Q4 2025 Earnings
• Negative Sentiment: WSJ notes Q4 net income fell year-over-year even as the company narrowed its adjusted EPS outlook — the drop in quarterly profit is a reminder of volatility from weather, energy prices and regulatory items. PG&E Profit Down, Tightens Adj EPS View for Year

Institutional Investors Weigh In On Pacific Gas & Electric

Hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of Pacific Gas & Electric by 908.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock valued at $100,000 after buying an additional 5,962 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Pacific Gas & Electric by 350.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 7,700 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Pacific Gas & Electric during the 1st quarter valued at about $203,000. Empowered Funds LLC raised its holdings in shares of Pacific Gas & Electric by 16.4% in the 1st quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock valued at $806,000 after purchasing an additional 6,601 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Pacific Gas & Electric by 93.0% in the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after purchasing an additional 40,380 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PCG has been the subject of several analyst reports. UBS Group raised their target price on shares of Pacific Gas & Electric from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Mizuho set a $21.00 price objective on shares of Pacific Gas & Electric in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Pacific Gas & Electric in a research note on Monday, December 29th. JPMorgan Chase & Co. dropped their target price on Pacific Gas & Electric from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Finally, Wells Fargo & Company increased their price target on Pacific Gas & Electric from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.55.

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.