Pacific Gas & Electric Co. (NYSE:PCG) Declares Quarterly Dividend of $0.05

Key Points

• Pacific Gas & Electric declared a quarterly dividend of $0.05 per share, payable October 15 to shareholders of record on September 30. The dividend represents an annualized payout of $0.20 and a 1.5% yield.
• The dividend appears well covered, with a current payout ratio of 12.3%; analysts expect next year’s earnings to support an estimated payout ratio of 11.0%.
• PCG shares recently traded at $13.18, near their 12-month low of $12.59. In its latest quarterly report, the company posted adjusted EPS of $0.40, beating the $0.36 analyst consensus, while revenue totaled $5.90 billion.

Pacific Gas & Electric Co. (NYSE:PCG - Get Free Report) declared a quarterly dividend on Friday, September 18th. Investors of record on Wednesday, September 30th will be given a dividend of 0.05 per share by the utilities provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Pacific Gas & Electric has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pacific Gas & Electric to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.0%.

Pacific Gas & Electric Stock Performance

NYSE:PCG traded down $0.20 during mid-day trading on Friday, hitting $13.18. 37,249,784 shares of the company's stock traded hands, compared to its average volume of 25,351,896. The firm has a 50 day moving average of $16.52 and a two-hundred day moving average of $16.92. Pacific Gas & Electric has a 12 month low of $12.59 and a 12 month high of $19.16. The firm has a market capitalization of $35.33 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.24. 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 (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm posted $0.31 EPS. The company's revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, equities analysts forecast that Pacific Gas & Electric will post 1.65 earnings per share for the current fiscal year.

About Pacific Gas & Electric

Pacific Gas & Electric Corporation NYSE: PCG is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.

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