Pacific Gas & Electric (NYSE:PCG – Get Free Report) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.640-1.660 for the period, compared to the consensus estimate of 1.650. Pacific Gas & Electric also updated its FY 2027 guidance to 1.780-1.820 EPS.
Wall Street Analysts Forecast Growth
PCG has been the topic of several research analyst reports. Mizuho lowered their price objective on shares of Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. Truist Financial lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating and decreased their price target for the stock from $21.00 to $17.00 in a research report on Thursday, September 3rd. Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Bank of America restated a “neutral” rating and set a $13.00 price objective (down from $24.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Finally, Wells Fargo & Company cut their price objective on shares of Pacific Gas & Electric from $24.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.38.
Read Our Latest Stock Report on PCG
Pacific Gas & Electric Stock Performance
Shares of NYSE:PCG traded down $0.38 during trading on Friday, hitting $12.60. 13,323,358 shares of the stock were exchanged, compared to its average volume of 26,734,260. Pacific Gas & Electric has a 1-year low of $11.77 and a 1-year high of $19.16. The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.05 and a beta of 0.28. The company’s fifty day simple moving average is $14.15 and its 200-day simple moving average is $15.99. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22.
Pacific Gas & Electric (NYSE:PCG – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Sell-side analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.
Pacific Gas & Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Pacific Gas & Electric’s payout ratio is currently 14.49%.
Insider Buying and Selling at Pacific Gas & Electric
In other Pacific Gas & Electric news, Director John O. Larsen acquired 7,500 shares of Pacific Gas & Electric stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of $12.20 per share, with a total value of $91,500.00. Following the acquisition, the director owned 36,685 shares of the company’s stock, valued at approximately $447,557. The trade was a 25.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Fugate sold 6,500 shares of Pacific Gas & Electric stock in a transaction dated 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 owned 73,530 shares in the company, valued at approximately $1,011,772.80. This trade represents a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.22% of the company’s stock.
Key Pacific Gas & Electric News
Here are the key news stories impacting Pacific Gas & Electric this week:
- Positive Sentiment: Management reaffirmed non-GAAP core EPS guidance of $1.64–$1.66 for 2026 and introduced 2027 guidance of $1.78–$1.82, broadly in line with analyst expectations. PG&E also remains on track with operating-cost reductions and plans to reduce 2027 capital spending by $2 billion. PG&E Corporation Reports Third Quarter 2026 Results
- Positive Sentiment: HSBC initiated coverage with a Buy rating and a $15.50 price target, while Morgan Stanley raised its target to $21, suggesting substantial potential upside despite maintaining an Equal Weight rating. Morgan Stanley Gives a Hold Rating to PG&E
- Neutral Sentiment: Wells Fargo cut its price target sharply from $24 to $14 and assigned an Equal Weight rating. The new target still implies upside, but the reduction signals lower valuation confidence. Wells Fargo Lowers PG&E Price Target
- Neutral Sentiment: PG&E said a proposed public takeover of its San Francisco electric grid could carry a price tag of approximately $22.5 billion. The proposal could create a significant strategic and regulatory overhang, although the final outcome remains uncertain. PG&E Puts a $22.5 Billion Price Tag on San Francisco Grid Takeover Proposal
- Negative Sentiment: Third-quarter core EPS was $0.41, below the $0.42 consensus and down from $0.50 a year earlier. Revenue of $6.19 billion also missed estimates of roughly $6.8 billion and declined year over year, while lower authorized returns and tax impacts pressured profitability. PG&E Q3 Earnings Lag Estimates
- Negative Sentiment: Recent insider activity has been weighted toward selling, including sales by CEO Patti Poppe and other executives, potentially adding to investor caution.
Pacific Gas & Electric Company Profile
PG&E Corporation (NYSE: PCG) is the holding company for Pacific Gas and Electric Company, a regulated utility that provides electricity and natural gas delivery services in Northern and Central California. Its operations include maintaining and operating electric transmission and distribution networks, natural gas pipelines, substations, and other infrastructure used to serve residential, commercial, industrial, and agricultural customers.
Pacific Gas and Electric Company serves a broad portion of California, including the San Francisco Bay Area, the Central Valley, and parts of the northern and central regions of the state.
Read More
- Five stocks we like better than Pacific Gas & Electric
- Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
- Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test
- Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers
- Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat
Receive News & Ratings for Pacific Gas & Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Gas & Electric and related companies with MarketBeat.com's FREE daily email newsletter.
