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

Pacific Gas & Electric (NYSE:PCG) issued an update on its FY 2026 earnings guidance on Friday. 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PCG shares. Mizuho cut their price objective on Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. The Goldman Sachs Group set a $20.00 price objective on Pacific Gas & Electric in a research note on Thursday, October 15th. BMO Capital Markets reaffirmed a “market perform” rating and set a $21.00 target price (down from $28.00) on shares of Pacific Gas & Electric in a report on Monday, August 31st. HSBC assumed coverage on Pacific Gas & Electric in a report on Thursday. They set a “buy” rating and a $15.50 target price for the company. Finally, UBS Group reiterated a “neutral” rating on shares of Pacific Gas & Electric in a research report on Tuesday, October 13th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.21.

Pacific Gas & Electric Stock Performance

Shares of NYSE PCG traded down $0.36 during midday trading on Friday, reaching $12.62. 3,027,643 shares of the stock were exchanged, compared to its average volume of 26,681,900. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 1.90. The firm 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 firm has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $15.99. Pacific Gas & Electric has a twelve month low of $11.77 and a twelve month high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last posted its earnings results 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). 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 during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts anticipate that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

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

Insiders Place Their Bets

In other news, Director John Larsen acquired 7,500 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of $12.20 per share, with a total value of $91,500.00. Following the completion of the acquisition, the director owned 36,685 shares of the company’s stock, valued at approximately $447,557. This represents a 25.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Fugate sold 6,500 shares of the company’s 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 owned 73,530 shares of the company’s stock, valued at approximately $1,011,772.80. This trade 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. 0.22% of the stock is currently owned by insiders.

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.

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.