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

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group set a $13.00 target price on Pacific Gas & Electric in a research report on Tuesday, September 1st. Mizuho dropped their target price on shares of Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Truist Financial cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating and dropped their target price for the stock from $21.00 to $17.00 in a report on Thursday, September 3rd. Morgan Stanley raised their target price on shares of Pacific Gas & Electric from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, UBS Group restated a “neutral” rating on shares of Pacific Gas & Electric in a report on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.21.

Pacific Gas & Electric Stock Down 2.8%

Pacific Gas & Electric stock traded down $0.36 during trading hours on Friday, reaching $12.62. The stock had a trading volume of 3,027,643 shares, compared to its average volume of 26,681,900. The company has a market cap of $33.81 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.05 and a beta of 0.28. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. The business’s 50 day moving average price is $14.15 and its 200-day moving average price is $15.99. Pacific Gas & Electric has a 52 week low of $11.77 and a 52 week high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last released its quarterly earnings results on Thursday, October 22nd. The utilities provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts anticipate that Pacific Gas & Electric will post 1.65 EPS for the current year.

Pacific Gas & Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 30th. Pacific Gas & Electric’s payout ratio is 14.49%.

Insider Buying and Selling

In other news, Director John Larsen bought 7,500 shares of the 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. The trade was a 25.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Fugate sold 6,500 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $13.76, for a total value of $89,440.00. Following the sale, the director owned 73,530 shares of the company’s stock, valued at approximately $1,011,772.80. This represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.22% of the company’s stock.

Trending Headlines about Pacific Gas & Electric

Here are the key news stories impacting Pacific Gas & Electric this week:

• Positive Sentiment: PG&E reaffirmed 2026 core EPS guidance of $1.64–$1.66 and 2027 guidance of $1.78–$1.82, supporting confidence that earnings growth remains on track. The company also cited cost reductions and a $2 billion decrease in planned 2027 capital spending. 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, indicating analysts see meaningful upside from recent levels despite Morgan Stanley maintaining an Equal Weight rating. HSBC coverage of PG&E
• Positive Sentiment: CEO Patti Poppe said artificial intelligence could improve grid operations, reliability and planning. PG&E also highlighted an expanding data-center pipeline, potentially supporting long-term electricity demand and infrastructure investment. PG&E CEO discusses AI and the grid
• Neutral Sentiment: Management is pursuing wildfire-reform measures and a strategic review, developments that could improve PG&E’s risk profile but also signal uncertainty about future operations and capital allocation. PG&E Q3 2026 earnings call highlights
• Negative Sentiment: Third-quarter core EPS was $0.41, below the $0.42 consensus and down from $0.50 a year earlier. Revenue fell 1% to $6.19 billion, missing estimates by roughly $0.6–$0.7 billion, while GAAP earnings declined to $0.34 per share from $0.37. PG&E Q3 earnings miss estimates
• Negative Sentiment: PG&E estimated that taking over San Francisco’s electric grid could cost $22.5 billion, adding to investors’ concerns about capital requirements and execution risk. Recent insider activity has also been weighted toward selling.

About Pacific Gas & Electric

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.