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 guidance of 1.780-1.820 for the period, compared to the consensus estimate of 1.800. Pacific Gas & Electric also updated its FY 2026 guidance to 1.640-1.660 EPS.

Pacific Gas & Electric Trading Down 2.8%

Pacific Gas & Electric stock traded down $0.36 during trading hours on Friday, reaching $12.62. 3,027,643 shares of the company’s stock traded hands, compared to its average volume of 26,681,900. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. Pacific Gas & Electric has a fifty-two week low of $11.77 and a fifty-two week high of $19.16. The firm has a market capitalization of $33.81 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.05 and a beta of 0.28. The firm’s 50 day moving average is $14.15 and its 200-day moving average is $15.99.

Pacific Gas & Electric (NYSE:PCG) last issued 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 business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts predict that Pacific Gas & Electric will post 1.65 earnings per share for the current year.

Pacific Gas & Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Pacific Gas & Electric’s dividend payout ratio (DPR) is presently 14.49%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PCG. Bank of America reaffirmed a “neutral” rating and issued a $13.00 price objective (down from $24.00) on shares of Pacific Gas & Electric in a research note on Tuesday, September 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a research report on Tuesday, September 1st. UBS Group reissued a “neutral” rating on shares of Pacific Gas & Electric in a research note on Tuesday, October 13th. The Goldman Sachs Group set a $20.00 price target on Pacific Gas & Electric in a research report on Thursday, October 15th. Finally, Morgan Stanley raised their price target on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pacific Gas & Electric has an average rating of “Hold” and an average target price of $17.21.

Insider Activity

In related news, Director John O. Larsen acquired 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was bought at an average price of $12.20 per share, for a total transaction of $91,500.00. Following the acquisition, the director directly owned 36,685 shares of the company’s stock, valued at approximately $447,557. The trade was a 25.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $89,440.00. Following the completion of the transaction, the director owned 73,530 shares of the company’s stock, valued at $1,011,772.80. The trade was 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. Insiders own 0.22% of the company’s stock.

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.