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

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PCG. Weiss Ratings reiterated a “hold (c)” rating on shares of Pacific Gas & Electric in a research note on Tuesday. UBS Group restated a “buy” rating on shares of Pacific Gas & Electric in a research report on Tuesday, August 18th. Jefferies Financial Group set a $13.00 price objective on Pacific Gas & Electric in a report on Tuesday. Truist Financial lowered their price objective on Pacific Gas & Electric from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. cut their target price on Pacific Gas & Electric from $25.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $19.27.

Pacific Gas & Electric Price Performance

Shares of NYSE:PCG opened at $13.32 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The business’s fifty day moving average price is $17.21 and its two-hundred day moving average price is $17.27. The stock has a market cap of $35.71 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.24. Pacific Gas & Electric has a one year low of $12.59 and a one year high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Pacific Gas & Electric had a return on equity of 12.48% and a net margin of 12.25%.The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business earned $0.31 earnings per share. The business’s revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. On average, analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $18.00, for a total transaction of $2,848,500.00. Following the completion of the sale, the executive vice president owned 230,885 shares of the company’s stock, valued at approximately $4,155,930. The trade was a 40.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 maintained its 2026 earnings outlook and issued 2027 EPS guidance of $1.78–$1.82, broadly in line with the $1.80 analyst consensus. JPMorgan also retained an “overweight” rating, although it reduced its price target to $18 from $25. JPMorgan price-target report
• Positive Sentiment: PG&E, Google and Rewiring America launched SHARE, a virtual power plant program intended to provide discounted home-energy upgrades and connect more than 20,000 customer devices. The initiative could support grid reliability and affordability, though its near-term earnings impact is likely limited. SHARE virtual power plant announcement
• Neutral Sentiment: PG&E plans to invest approximately $11.4 billion in California during 2027 while deferring about $2 billion of previously planned spending. The reduction should lower debt-financing needs, but it also raises concerns about slower growth and the timing of infrastructure investment. Reuters strategic-review report
• Negative Sentiment: The strategic review reflects uncertainty over how PG&E should be organized and financed after lawmakers shelved wildfire-liability legislation. Management warned that reform could reduce borrowing costs, restore investment-grade credit and unlock additional investment, making the lack of legislative progress a major risk. CNBC wildfire-reform report
• Negative Sentiment: Bank of America downgraded PCG to “neutral” and cut its price target to $13 from $24, reinforcing investor concerns about wildfire liability, credit quality and limited visibility. Bank of America downgrade report

Institutional Trading of Pacific Gas & Electric

A number of institutional investors and hedge funds have recently bought and sold shares of PCG. Brown Brothers Harriman & Co. lifted its position 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 buying an additional 5,962 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Pacific Gas & Electric by 350.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,900 shares of the utilities provider’s stock valued at $149,000 after buying an additional 7,700 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Pacific Gas & Electric during the 1st quarter valued at about $203,000. Empowered Funds LLC raised its stake in Pacific Gas & Electric by 16.4% during 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 period. Finally, Focus Partners Wealth raised its stake in Pacific Gas & Electric by 93.0% during the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider’s stock worth $1,440,000 after acquiring an additional 40,380 shares during the period. 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.