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

by · The Markets Daily

Pacific Gas & Electric (NYSE:PCG – Get Free Report) 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 EPS 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 research firms have recently commented on PCG. JPMorgan Chase & Co. cut their price target on shares of Pacific Gas & Electric from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. HSBC started coverage on shares of Pacific Gas & Electric in a research report on Thursday. They set a “buy” rating and a $15.50 price target for the company. Jefferies Financial Group set a $13.00 price objective on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $21.00 price objective (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday, August 31st. Finally, The Goldman Sachs Group set a $20.00 price objective on Pacific Gas & Electric in a research report on Thursday, October 15th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.38.

Get Our Latest Research Report on PCG

Pacific Gas & Electric Trading Down 2.9%

Shares of NYSE:PCG opened at $12.60 on Friday. 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 1 year low of $11.77 and a 1 year high of $19.16. The company has a market cap of $33.77 billion, a P/E ratio of 9.33, a PEG ratio of 1.01 and a beta of 0.28. The stock’s fifty day moving average price is $14.04 and its 200-day moving average price is $15.97.

Pacific Gas & Electric (NYSE:PCG – Get Free Report) last released its quarterly earnings data 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 return on equity of 11.61% and a net margin of 12.00%. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. Pacific Gas & Electric’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts expect that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.05 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.20 annualized dividend and a yield of 1.6%. Pacific Gas & Electric’s dividend payout ratio is currently 14.81%.

Insider Transactions at Pacific Gas & Electric

In other news, Director William Fugate sold 6,500 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $13.76, for a total transaction of $89,440.00. Following the sale, the director owned 73,530 shares of the company’s stock, valued at $1,011,772.80. This trade represents a 8.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Larsen purchased 7,500 shares of Pacific Gas & Electric stock in a transaction dated 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 purchase, the director directly owned 36,685 shares of the company’s stock, valued at approximately $447,557. This trade represents a 25.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company 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 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

(Get Free Report)

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.

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