Pacific Gas & Electric (NYSE:PCG) Issues FY 2027 Earnings Guidance

Pacific Gas & Electric (NYSE:PCG) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.780-1.820 for the period, compared to the consensus earnings per share estimate of 1.800. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PCG. BMO Capital Markets restated a “market perform” rating and issued a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Pacific Gas & Electric from $25.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group reissued a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Mizuho reaffirmed a “neutral” rating and set a $16.00 price target (down from $21.00) on shares of Pacific Gas & Electric in a report on Monday. Finally, Jefferies Financial Group set a $13.00 price target on shares of Pacific Gas & Electric in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.27.

Pacific Gas & Electric Stock Down 5.2%

PCG stock traded down $0.73 during midday trading on Wednesday, hitting $13.32. 118,452,925 shares of the company’s stock were exchanged, compared to its average volume of 24,162,877. The firm has a 50 day moving average price of $17.28 and a 200-day moving average price of $17.30. Pacific Gas & Electric has a 12-month low of $12.59 and a 12-month high of $19.16. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. 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 issued its quarterly earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts anticipate that Pacific Gas & Electric will post 1.65 EPS for the current year.

Insider Activity at Pacific Gas & Electric

In related news, EVP Marlene Santos sold 158,250 shares of Pacific Gas & Electric stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 230,885 shares in the company, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 plans to defer approximately $2 billion of 2027 spending while maintaining safety and regulatory-compliance work. The revised plan preserves roughly $11.4 billion of investment, reduces the need for higher-cost borrowing and is intended to support affordability. PG&E Launches Strategic Review
• Positive Sentiment: The company launched a strategic review covering its business structure, financing options, reliability investments and costs. PG&E maintained its 2026 earnings guidance and reportedly set a higher 2027 EPS outlook, which could improve investor sentiment if executed successfully. PG&E to invest $11.4 billion in California
• Positive Sentiment: JPMorgan lowered its price target to $18 from $25 but retained an “overweight” rating. The revised target still implies substantial upside from recent trading levels, although the size of the cut reflects more cautious expectations. JPMorgan price-target update
• Neutral Sentiment: Technical analysis identified approximately $13 as an important long-term support level after the wildfire-related selloff. Holding that level could signal stabilization, but a break below it may reinforce bearish momentum. PG&E technical support analysis
• Negative Sentiment: Investors continue to focus on California wildfire liability. Recent coverage and the company’s strategic-review discussion indicate that a durable liability framework has not been resolved, leaving uncertainty over potential costs, financing and future returns. PG&E wildfire liability discussion
• Negative Sentiment: Bank of America downgraded PCG from “buy” to “neutral” and cut its price target to $13 from $24, while Wells Fargo reiterated an “equal weight” rating. The analyst caution adds pressure to the shares. Wells Fargo rating update

Institutional Investors Weigh In On Pacific Gas & Electric

A number of institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in Pacific Gas & Electric by 908.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,618 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 5,962 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Pacific Gas & Electric by 350.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 7,700 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Pacific Gas & Electric during the first quarter worth $203,000. Empowered Funds LLC raised its holdings in shares of Pacific Gas & Electric by 16.4% during the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock worth $806,000 after purchasing an additional 6,601 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of Pacific Gas & Electric by 93.0% in the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after buying an additional 40,380 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Company Profile

Pacific Gas & Electric (NYSE: PCG) is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company’s core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.

PG&E’s operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.