Insider Trading July 24, 2026 04:45 PM

PG&E Director Cooper Offloads $22,500 in Stock Under Pre-Arranged Plan

Insider transaction follows mixed second-quarter financial results as company reaffirms annual guidance.

By Marcus Reed
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Kerry Whorton Cooper, a director at PG&E Corp (NYSE:PCG), executed a sale of 1,250 shares on July 22, 2026, under a Rule 10b5-1 trading plan established in late 2025. The transaction occurred against a backdrop of the company's recent earnings report, which showed a beat on core earnings per share but a miss on revenue targets, highlighting ongoing financial complexities within the utility sector.

PG&E Director Cooper Offloads $22,500 in Stock Under Pre-Arranged Plan
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Key Points

  • Insider Activity: Director Kerry Whorton Cooper sold 1,250 shares totaling $22,500 under a pre-existing Rule 10b5-1 plan, maintaining direct ownership of over 88,000 shares after accounting for recent restricted stock unit acquisitions from dividend reinvestments.
  • Financial Performance: PG&E reported second-quarter core earnings of $0.40 per share, beating analyst expectations of $0.36, but revenue came in at $5.9 billion, missing the $6.12 billion forecast, highlighting a disconnect between profitability and top-line growth.
  • Market Sentiment: The revenue shortfall and persistent regulatory uncertainties have overshadowed the earnings beat, leading to mixed analyst reactions and ongoing scrutiny from investors monitoring the utility sector's financial health and guidance projections.

Kerry Whorton Cooper, serving as a director at PG&E Corp (NYSE:PCG), completed a sale of 1,250 shares of the company's common stock on July 22, 2026. The transaction was executed at a price of $18.00 per share, resulting in a total value of $22,500. This sale was carried out in accordance with a Rule 10b5-1 trading plan that was originally adopted on November 25, 2025.

Following the execution of this sale, Ms. Cooper's direct holdings in PG&E common stock stand at 88,475.45 shares. This current position accounts for the acquisition of 122.88 Restricted Stock Units on July 15, 2026. These units were obtained through the dividend reinvestment feature associated with the PG&E Corporation 2021 Long-Term Incentive Plan.

In related corporate developments, PG&E Corp recently disclosed its second-quarter core earnings results. The company reported earnings of $0.40 per share, which surpassed Wall Street's consensus expectation of $0.36. Despite this positive earnings performance, the company's revenue for the quarter was recorded at $5.9 billion. This figure fell short of the anticipated $6.12 billion.

PG&E reaffirmed its full-year core earnings per share guidance, projecting a range between $1.64 and $1.66. These financial updates underscore the company's capacity to exceed earnings estimates while simultaneously navigating challenges in meeting revenue expectations. The divergence between earnings performance and revenue targets has drawn significant attention from the financial community.

The revenue shortfall, coupled with ongoing regulatory uncertainties, appears to have influenced investor sentiment more strongly than the positive earnings results. Analysts had projected varied outcomes, which has contributed to mixed reactions within the market. Investors and analysts are expected to continue monitoring PG&E's performance closely in light of these recent developments.

Risks

  • Revenue Miss: The company's revenue fell short of expectations by $0.22 billion, indicating potential challenges in sales generation or pricing power within the utility market that could impact future cash flows.
  • Regulatory Environment: Ongoing regulatory uncertainties are explicitly noted as a factor influencing investor attention, suggesting potential risks related to rate cases, compliance costs, or policy changes that could affect operational flexibility and profitability.
  • Investor Sentiment Shift: The mixed market reaction to the earnings beat versus revenue miss suggests that investors are placing greater weight on top-line performance and regulatory headwinds, which could lead to increased volatility in the stock price and tighter scrutiny of management's guidance.

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