Zacks Research Weighs in on PG&E Co.'s Q1 2026 Earnings (NYSE:PCG)

PG&E Co. (NYSE:PCG - Free Report) - Equities researchers at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for shares of PG&E in a note issued to investors on Wednesday, April 10th. Zacks Research analyst A. Dutta now anticipates that the utilities provider will earn $0.47 per share for the quarter, down from their previous estimate of $0.48. The consensus estimate for PG&E's current full-year earnings is $1.35 per share. Zacks Research also issued estimates for PG&E's FY2026 earnings at $1.61 EPS.

Other equities research analysts have also issued reports about the company. Barclays decreased their price target on PG&E from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, January 22nd. The Goldman Sachs Group started coverage on PG&E in a report on Wednesday. They set a "buy" rating and a $21.00 target price on the stock. Finally, StockNews.com raised PG&E from a "sell" rating to a "hold" rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.78.

PG&E Price Performance

PG&E stock traded up $0.13 during trading hours on Friday, hitting $16.60. 20,246,100 shares of the stock were exchanged, compared to its average volume of 16,203,720. The stock has a market capitalization of $35.47 billion, a P/E ratio of 15.81 and a beta of 1.32. The business's 50-day moving average is $16.51 and its two-hundred day moving average is $16.83. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.78 and a current ratio of 0.83. PG&E has a 12 month low of $14.71 and a 12 month high of $18.32.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. PG&E had a return on equity of 10.84% and a net margin of 9.24%. The firm had revenue of $7.04 billion for the quarter, compared to analysts' expectations of $6.43 billion. During the same period in the prior year, the business posted $0.26 earnings per share.

Institutional Trading of PG&E

Institutional investors have recently bought and sold shares of the business. Raymond James Trust N.A. grew its stake in shares of PG&E by 4.2% during the fourth quarter. Raymond James Trust N.A. now owns 17,013 shares of the utilities provider's stock worth $307,000 after purchasing an additional 680 shares during the period. Bleakley Financial Group LLC increased its position in shares of PG&E by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 45,332 shares of the utilities provider's stock worth $817,000 after acquiring an additional 691 shares in the last quarter. Parallel Advisors LLC lifted its position in PG&E by 2.1% in the 4th quarter. Parallel Advisors LLC now owns 35,427 shares of the utilities provider's stock valued at $639,000 after acquiring an additional 712 shares in the last quarter. Wetherby Asset Management Inc. lifted its position in PG&E by 5.5% in the 1st quarter. Wetherby Asset Management Inc. now owns 14,490 shares of the utilities provider's stock valued at $234,000 after acquiring an additional 752 shares in the last quarter. Finally, Centre Asset Management LLC lifted its holdings in shares of PG&E by 4.9% in the third quarter. Centre Asset Management LLC now owns 15,994 shares of the utilities provider's stock valued at $258,000 after purchasing an additional 753 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

PG&E Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. PG&E's payout ratio is presently 3.81%.

About PG&E

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.