Pacific Gas & Electric (NYSE:PCG – Get Free Report) updated its FY 2027 earnings guidance on Friday morning. The company provided EPS guidance of 1.780-1.820 for the period, compared to the consensus EPS estimate of 1.800. Pacific Gas & Electric also updated its FY 2026 guidance to 1.640-1.660 EPS.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on PCG. Weiss Ratings lowered shares of Pacific Gas & Electric from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Jefferies Financial Group set a $13.00 price target on shares of Pacific Gas & Electric in a research note on Tuesday, September 1st. HSBC began coverage on shares of Pacific Gas & Electric in a report on Thursday. They issued a “buy” rating and a $15.50 price target on the stock. The Goldman Sachs Group set a $20.00 price objective on shares of Pacific Gas & Electric in a research report on Thursday, October 15th. Finally, 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 report on Thursday, September 3rd. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.38.
Check Out Our Latest Analysis on Pacific Gas & Electric
Pacific Gas & Electric Price Performance
Shares of NYSE:PCG opened at $12.60 on Friday. The stock has a market cap of $33.77 billion, a PE ratio of 9.33, a PEG ratio of 1.01 and a beta of 0.28. The company’s fifty day moving average is $14.04 and its 200 day moving average is $15.97. Pacific Gas & Electric has a 52 week low of $11.77 and a 52 week high of $19.16. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90.
Pacific Gas & Electric (NYSE:PCG – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The utilities provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Pacific Gas & Electric had a return on equity of 11.61% and a net margin of 12.00%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts anticipate that Pacific Gas & Electric will post 1.65 earnings per share for the current year.
Pacific Gas & Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Pacific Gas & Electric’s payout ratio is 14.81%.
Insider Activity
In related news, Director William Fugate sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $13.76, for a total transaction of $89,440.00. Following the transaction, the director directly owned 73,530 shares in the company, valued at $1,011,772.80. This trade represents a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John O. Larsen purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of $12.20 per share, for a total transaction of $91,500.00. Following the completion of the purchase, the director directly owned 36,685 shares in the company, valued at approximately $447,557. This trade represents a 25.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.22% of the company’s stock.
More Pacific Gas & Electric News
Here are the key news stories impacting Pacific Gas & Electric this week:
- Positive Sentiment: PG&E reaffirmed its outlook, calling for 2026 core EPS of $1.64–$1.66 and 2027 core EPS of $1.78–$1.82. The company also cited progress on cost reductions, a $2 billion reduction in planned 2027 capital spending, and a 5,000-mile undergrounding plan. 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 reportedly sees potential for strong appreciation. PG&E also highlighted expanding data-center demand and opportunities related to artificial intelligence and grid investment. Morgan Stanley Forecasts Strong Price Appreciation
- Neutral Sentiment: PG&E is responding to a San Francisco proposal to take over the city’s electric grid, placing a $22.5 billion valuation on the assets. The proposal could create a substantial transaction opportunity, but its financial and regulatory outcome remains uncertain. PG&E Puts a $22.5B Price Tag on San Francisco Public Grid Takeover Proposal
- Negative Sentiment: Wells Fargo cut its PCG price target from $24 to $14 and assigned an Equal Weight rating. Although the new target implies upside from the recent trading level, the magnitude of the reduction signals diminished analyst confidence and is likely pressuring the stock.
- Negative Sentiment: Third-quarter results fell short of expectations: core EPS was $0.41 versus a $0.42 consensus, revenue was $6.19 billion versus estimates near $6.82 billion, and earnings declined from $0.50 per share a year earlier. Lower authorized returns and tax impacts also weighed on results. PG&E Q3 Earnings Lag Estimates
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.
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