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

Pacific Gas & Electric Co. (NYSE:PCG) declared a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be given a dividend of 0.05 per share by the utilities provider on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th.

Pacific Gas & Electric has a dividend payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.5%

PCG traded up $0.08 during mid-day trading on Friday, hitting $16.52. 14,143,401 shares of the stock were exchanged, compared to its average volume of 22,211,262. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.88. The company has a market cap of $44.26 billion, a PE ratio of 12.80, a PEG ratio of 0.62 and a beta of 0.29. The firm’s fifty day moving average is $17.21 and its two-hundred day moving average is $16.64. Pacific Gas & Electric has a 1-year low of $12.97 and a 1-year high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.Pacific Gas & Electric’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. 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 (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.