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

Pacific Gas & Electric (NYSE:PCG) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.780-1.820 for the period, compared to the consensus estimate of 1.800. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PCG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on Pacific Gas & Electric from $25.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday. Jefferies Financial Group set a $13.00 price target on Pacific Gas & Electric in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, Wells Fargo & Company cut shares of Pacific Gas & Electric from an “overweight” rating to a “buy” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.27.

Pacific Gas & Electric Trading Up 4.6%

Shares of Pacific Gas & Electric stock opened at $13.94 on Friday. The firm’s 50 day simple moving average is $17.15 and its two-hundred day simple moving average is $17.24. The firm has a market capitalization of $37.36 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.14 and a beta of 0.24. Pacific Gas & Electric has a 12-month low of $12.59 and a 12-month high of $19.16. 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 (NYSE:PCG) last released its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Analysts predict that Pacific Gas & Electric will post 1.65 EPS for the current year.

Insider Activity at Pacific Gas & Electric

In other news, EVP Marlene Santos sold 158,250 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $18.00, for a total value of $2,848,500.00. Following the sale, the executive vice president directly owned 230,885 shares in the company, 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. 0.22% of the stock is currently owned by company insiders.

Key Pacific Gas & Electric News

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

• Positive Sentiment: PG&E maintained its core safety and compliance investments while revising its 2027 capital plan to approximately $11.4 billion, deferring about $2 billion of spending. The reduction could lower debt-financing needs and borrowing costs in the near term. PG&E to invest $11.4 billion in California in 2027 as part of strategic review
• Positive Sentiment: The company issued 2027 EPS guidance of $1.78 to $1.82, broadly in line with the $1.80 analyst consensus, suggesting earnings remain resilient despite the capital-plan changes.
• Positive Sentiment: PG&E, Google and Rewiring America launched SHARE, a virtual power plant intended to connect more than 20,000 customer-installed energy devices and provide discounted home-energy upgrades. The initiative could support grid reliability and customer affordability, although its financial impact is likely longer term. PG&E, Rewiring America and Google Launch First-of-its-Kind Virtual Power Plant
• Neutral Sentiment: PG&E launched a broad strategic review covering its organization, financing and investment priorities. Management said the review is designed to attract affordable capital and meet California’s rising electricity demand, but the eventual outcome remains uncertain. PG&E Launches Strategic Review
• Negative Sentiment: The failed wildfire-reform effort leaves PG&E exposed to continued liability and financing uncertainty. CEO Patti Poppe urged California lawmakers to revive legislation, saying reform could reduce borrowing costs, restore investment-grade credit and unlock additional investment. PG&E CEO calls on California to pass wildfire reform
• Negative Sentiment: Analyst sentiment weakened: Truist reiterated a Hold rating but cut its target to $17 from $21, while Bank of America downgraded the shares to Neutral. JPMorgan retained Overweight but reduced its target to $18 from $25, reflecting lower valuation expectations.

Institutional Investors Weigh In On Pacific Gas & Electric

A number of hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased its holdings in shares of 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 acquiring an additional 5,962 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in 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 acquiring an additional 7,700 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Pacific Gas & Electric in the first quarter worth $203,000. Empowered Funds LLC increased its stake 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 acquiring an additional 6,601 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Pacific Gas & Electric by 93.0% during the 1st quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock valued at $1,440,000 after buying an additional 40,380 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

About Pacific Gas & Electric

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.