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

Pacific Gas & Electric (NYSE:PCG) updated its FY 2027 earnings guidance on Friday 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. Pacific Gas & Electric also updated its FY 2026 guidance to 1.640-1.660 EPS.

Analyst Upgrades and Downgrades

Several research firms recently commented on PCG. UBS Group reiterated a “neutral” rating on shares of Pacific Gas & Electric in a research report on Tuesday, October 13th. Truist Financial cut shares of Pacific Gas & Electric from a “buy” rating to a “hold” rating and cut their target price for the stock from $21.00 to $17.00 in a research report on Thursday, September 3rd. HSBC began coverage on shares of Pacific Gas & Electric in a report on Thursday. They issued a “buy” rating and a $15.50 price target on the stock. Bank of America reaffirmed a “neutral” rating and issued a $13.00 price target (down from $24.00) on shares of Pacific Gas & Electric in a report on Tuesday, September 1st. Finally, Mizuho lowered their price target on shares of Pacific Gas & Electric from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Pacific Gas & Electric currently has an average rating of “Hold” and a consensus price target of $16.38.

Pacific Gas & Electric Price Performance

Shares of NYSE PCG traded down $0.36 during trading on Friday, reaching $12.62. The company had a trading volume of 12,630,604 shares, compared to its average volume of 26,727,279. The company has a current ratio of 1.22, a quick ratio of 1.15 and a debt-to-equity ratio of 1.90. Pacific Gas & Electric has a twelve month low of $11.77 and a twelve month high of $19.16. The stock has a 50-day moving average price of $14.15 and a two-hundred day moving average price of $15.99. The stock has a market capitalization of $33.83 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.05 and a beta of 0.28.

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

Pacific Gas & Electric Announces Dividend

The firm also recently declared 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. This represents a $0.20 dividend on an annualized basis 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 currently 14.49%.

Insiders Place Their Bets

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

More Pacific Gas & Electric News

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

• Positive Sentiment: Management reaffirmed non-GAAP core EPS guidance of $1.64–$1.66 for 2026 and introduced 2027 guidance of $1.78–$1.82, broadly in line with analyst expectations. PG&E also remains on track with operating-cost reductions and plans to reduce 2027 capital spending by $2 billion. 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, suggesting substantial potential upside despite maintaining an Equal Weight rating. Morgan Stanley Gives a Hold Rating to PG&E
• Neutral Sentiment: Wells Fargo cut its price target sharply from $24 to $14 and assigned an Equal Weight rating. The new target still implies upside, but the reduction signals lower valuation confidence. Wells Fargo Lowers PG&E Price Target
• Neutral Sentiment: PG&E said a proposed public takeover of its San Francisco electric grid could carry a price tag of approximately $22.5 billion. The proposal could create a significant strategic and regulatory overhang, although the final outcome remains uncertain. PG&E Puts a $22.5 Billion Price Tag on San Francisco Grid Takeover Proposal
• Negative Sentiment: Third-quarter core EPS was $0.41, below the $0.42 consensus and down from $0.50 a year earlier. Revenue of $6.19 billion also missed estimates of roughly $6.8 billion and declined year over year, while lower authorized returns and tax impacts pressured profitability. PG&E Q3 Earnings Lag Estimates
• Negative Sentiment: Recent insider activity has been weighted toward selling, including sales by CEO Patti Poppe and other executives, potentially adding to investor caution.

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.