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

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

Analysts Set New Price Targets

Several equities research analysts recently commented on PCG shares. Bank of America downgraded Pacific Gas & Electric from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $13.00 in a report on Tuesday. 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. Wall Street Zen lowered shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Morgan Stanley decreased their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Finally, Weiss Ratings cut shares of Pacific Gas & Electric from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.27.

Pacific Gas & Electric Stock Performance

Pacific Gas & Electric stock traded down $0.73 during mid-day trading on Wednesday, reaching $13.32. 118,590,464 shares of the stock traded hands, compared to its average volume of 24,283,217. The stock has a market capitalization of $35.71 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.86 and a beta of 0.24. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. Pacific Gas & Electric has a 12-month low of $12.59 and a 12-month high of $19.16. The business’s 50-day moving average is $17.28 and its 200-day moving average is $17.30.

Pacific Gas & Electric (NYSE:PCG) last announced its earnings results on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, sell-side analysts predict that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Insider Activity

In related news, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

Key Headlines Impacting Pacific Gas & Electric

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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in PCG. Brown Brothers Harriman & Co. lifted its stake in Pacific Gas & Electric by 908.8% in the 3rd 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Pacific Gas & Electric by 350.0% in 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 last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Pacific Gas & Electric in the first quarter worth about $203,000. Empowered Funds LLC lifted its position in shares of Pacific Gas & Electric by 16.4% in the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider’s stock worth $806,000 after buying an additional 6,601 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in shares of Pacific Gas & Electric by 93.0% in the first 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 in the last quarter. Institutional investors own 78.56% of the company’s stock.

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.