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

Pacific Gas & Electric (NYSE:PCG) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share 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.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PCG shares. Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. UBS Group restated a “neutral” rating on shares of Pacific Gas & Electric in a report on Tuesday, October 13th. JPMorgan Chase & Co. dropped 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. Truist Financial downgraded Pacific Gas & Electric from a “buy” rating to a “hold” rating and reduced their price target for the stock from $21.00 to $17.00 in a report on Thursday, September 3rd. Finally, Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.38.

Pacific Gas & Electric Stock Performance

NYSE:PCG traded down $0.38 during trading hours on Friday, hitting $12.60. 39,071,658 shares of the company were exchanged, compared to its average volume of 35,094,812. 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 company’s 50 day moving average price is $14.04 and its 200-day moving average price is $15.97. Pacific Gas & Electric has a 52-week low of $11.77 and a 52-week high of $19.16. The stock has a market capitalization of $33.77 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.04 and a beta of 0.28.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings data on Thursday, October 22nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Pacific Gas & Electric had a return on equity of 11.61% and a net margin of 12.00%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. As a group, research analysts forecast 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 dividend of $0.05 per share. 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 is presently 14.49%.

Insider Activity

In other news, Director John Larsen acquired 7,500 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were bought at an average cost of $12.20 per share, for a total transaction of $91,500.00. Following the acquisition, the director owned 36,685 shares in the company, valued at approximately $447,557. This represents a 25.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Fugate sold 6,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.22% of the stock is owned by corporate insiders.

Key Headlines Impacting Pacific Gas & Electric

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.