Pacific Gas & Electric (NYSE:PCG) Announces FY 2026 Earnings Guidance

Pacific Gas & Electric (NYSE:PCG) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 1.640-1.660 for the period, compared to the consensus EPS estimate of 1.650. Pacific Gas & Electric also updated its FY 2027 guidance to 1.780-1.820 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Jefferies Financial Group set a $13.00 target price on shares of Pacific Gas & Electric in a research note on Tuesday, September 1st. The Goldman Sachs Group set a $20.00 target price on shares of Pacific Gas & Electric in a report on Thursday, October 15th. Mizuho cut their target price on shares of Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. Finally, Wall Street Zen cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Pacific Gas & Electric presently has a consensus rating of “Hold” and an average price target of $16.38.

Pacific Gas & Electric Price Performance

Shares of PCG stock traded down $0.38 during mid-day trading on Friday, reaching $12.60. The company’s stock had a trading volume of 39,071,658 shares, compared to its average volume of 35,094,812. The company has a market cap of $33.77 billion, a P/E ratio of 9.33, a PEG ratio of 1.04 and a beta of 0.28. 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 has a 1-year low of $11.77 and a 1-year high of $19.16. The firm’s 50-day moving average is $14.04 and its two-hundred day moving average is $15.97.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings results on Thursday, October 22nd. The utilities provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Pacific Gas & Electric had a net margin of 12.00% and a return on equity of 11.61%. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company earned $0.50 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. On average, research analysts predict that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Pacific Gas & Electric’s dividend payout ratio (DPR) is 14.49%.

Insider Buying and Selling at Pacific Gas & Electric

In related news, Director William Fugate sold 6,500 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $13.76, for a total transaction of $89,440.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John O. Larsen bought 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average cost of $12.20 per share, with a total value of $91,500.00. Following the completion of the purchase, the director directly owned 36,685 shares of the company’s stock, valued at $447,557. This represents a 25.70% increase in their position. The SEC filing for this purchase provides additional information. 0.22% of the stock is owned by insiders.

Key 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.