Pacific Gas & Electric Co. (NYSE:PCG) to Issue $0.05 Quarterly Dividend

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

Pacific Gas & Electric has a payout ratio of 12.3% meaning 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 Price Performance

PCG stock opened at $13.18 on Friday. The company has a market capitalization of $35.33 billion, a P/E ratio of 9.55, a PEG ratio of 1.07 and a beta of 0.24. Pacific Gas & Electric has a twelve month low of $12.59 and a twelve month high of $19.16. The business has a 50 day simple moving average of $16.44 and a 200-day simple moving average of $16.89. 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) last announced its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the company posted $0.31 EPS. The company’s quarterly 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. As a group, equities analysts anticipate that Pacific Gas & Electric will post 1.65 EPS for the current year.

Insider Transactions at Pacific Gas & Electric

In other Pacific Gas & Electric news, Director William Fugate sold 6,500 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total transaction of $89,440.00. Following the sale, the director directly owned 73,530 shares in the company, valued at approximately $1,011,772.80. The trade was a 8.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total value of $2,848,500.00. Following the transaction, the executive vice president directly owned 230,885 shares of the company’s stock, valued at $4,155,930. The trade was a 40.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 166,000 shares of company stock worth $2,960,440. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fox Hill Wealth Management purchased a new stake in shares of Pacific Gas & Electric during the 2nd quarter valued at $1,818,000. Rakuten Investment Management Inc. acquired a new stake in shares of Pacific Gas & Electric in the second quarter worth $6,210,000. Glenview Trust Co purchased a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at $208,000. Empowered Funds LLC purchased a new position in shares of Pacific Gas & Electric in the 2nd quarter valued at $8,566,000. Finally, United Capital Financial Advisors LLC acquired a new position in shares of Pacific Gas & Electric during the 2nd quarter valued at $807,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Pacific Gas & Electric Company Profile

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.