Pacific Gas & Electric (NYSE:PCG) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Pacific Gas & Electric reported $0.31 EPS for the quarter, missing analyst expectations of $0.33 EPS by $0.02.
• The company's revenue for the quarter was $5.90 billion, falling short of the expected $6.37 billion and marking a 1.5% decline year-over-year.
• Pacific Gas & Electric updated its full-year 2025 guidance to an EPS range of 1.480-1.520.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) posted its earnings results on Thursday. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02), Zacks reports. Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.26%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. Pacific Gas & Electric updated its FY 2025 guidance to 1.480-1.520 EPS.

Pacific Gas & Electric Stock Up 0.8%

Pacific Gas & Electric stock traded up $0.11 during mid-day trading on Friday, reaching $14.13. The company's stock had a trading volume of 27,502,809 shares, compared to its average volume of 22,902,908. The business's 50 day simple moving average is $14.38 and its 200 day simple moving average is $15.83. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 0.95. Pacific Gas & Electric has a 12 month low of $12.97 and a 12 month high of $21.72. The company has a market capitalization of $37.80 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54.

Pacific Gas & Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 0.7%. Pacific Gas & Electric's dividend payout ratio (DPR) is 9.17%.

Analyst Ratings Changes

Several research firms have recently weighed in on PCG. Argus upgraded Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. Morgan Stanley set a $18.00 target price on shares of Pacific Gas & Electric and gave the stock an "underweight" rating in a report on Thursday, May 22nd. Mizuho upped their price target on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Wells Fargo & Company reissued an "overweight" rating and set a $24.00 price objective on shares of Pacific Gas & Electric in a research report on Friday, April 25th. Finally, Jefferies Financial Group raised their price objective on shares of Pacific Gas & Electric from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.55.

Hedge Funds Weigh In On Pacific Gas & Electric

Large investors have recently modified their holdings of the business. Empowered Funds LLC increased its position in shares of Pacific Gas & Electric by 16.4% in the first 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 during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Pacific Gas & Electric in the first quarter valued at approximately $203,000. Focus Partners Wealth increased its position in shares of Pacific Gas & Electric by 93.0% during 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 last quarter. Finally, Woodline Partners LP increased its position in shares of 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. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Pacific Gas & Electric Company Profile

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.

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