Pacific Gas & Electric (PCG) Projected to Post Earnings on Thursday

Pacific Gas & Electric (NYSE:PCG) is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $6.37 billion for the quarter. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $6.23 billion. Pacific Gas & Electric had a return on equity of 10.35% and a net margin of 9.81%. Pacific Gas & Electric’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. On average, analysts expect Pacific Gas & Electric to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pacific Gas & Electric Trading Up 1.3%

Shares of Pacific Gas & Electric stock opened at $13.17 on Thursday. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.92 and a beta of 0.55. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 1.79. Pacific Gas & Electric has a 12-month low of $12.97 and a 12-month high of $21.72. The firm’s 50-day moving average price is $15.22 and its two-hundred day moving average price is $16.28.

Pacific Gas & Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 0.76%. Pacific Gas & Electric’s payout ratio is 9.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Guggenheim raised their price target on shares of Pacific Gas & Electric from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Wells Fargo & Company restated an “overweight” rating and issued a $24.00 price target on shares of Pacific Gas & Electric in a research note on Friday, April 25th. Morgan Stanley set a $18.00 price target on shares of Pacific Gas & Electric and gave the company an “underweight” rating in a research note on Thursday, May 22nd. Evercore ISI raised their price target on shares of Pacific Gas & Electric from $15.00 to $17.00 and gave the company an “in-line” rating in a research note on Monday, April 28th. Finally, Barclays reduced their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.73.

Insider Transactions at Pacific Gas & Electric

In other Pacific Gas & Electric news, EVP Carla J. Peterman sold 32,519 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the transaction, the executive vice president owned 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Woodline Partners LP raised its holdings in Pacific Gas & Electric by 41.2% during the 1st quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider’s stock worth $3,184,000 after purchasing an additional 54,033 shares during the last quarter. Focus Partners Wealth increased its stake 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 valued at $1,440,000 after acquiring an additional 40,380 shares in the last quarter. Empowered Funds LLC increased its stake 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 acquiring an additional 6,601 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Pacific Gas & Electric in the 1st quarter valued at $203,000. Institutional investors own 78.56% of the company’s stock.

About Pacific Gas & Electric

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.