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

Key Points

• PG&E issued FY 2027 EPS guidance of $1.78–$1.82, broadly in line with the $1.80 analyst consensus, while maintaining FY 2026 guidance of $1.64–$1.66 per share.
• Shares fell 5.2% to $13.32 on exceptionally heavy trading volume. Analysts remain cautious, with Bank of America downgrading the stock to “neutral” and the consensus rating at “Hold.”
• PG&E plans to defer about $2 billion of 2027 spending while preserving approximately $11.4 billion in investment, but unresolved California wildfire liability continues to pose risks to costs, financing and future returns.

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

Pacific Gas & Electric Trading Down 5.2%

Shares of NYSE:PCG traded down $0.73 during mid-day trading on Wednesday, reaching $13.32. 118,452,925 shares of the company were exchanged, compared to its average volume of 24,162,877. Pacific Gas & Electric has a 1 year low of $12.59 and a 1 year high of $19.16. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.22 and a quick ratio of 1.15. The firm's 50-day simple moving average is $17.28 and its 200 day simple moving average is $17.30. The firm has a market cap of $35.71 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 0.86 and a beta of 0.24.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued 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 return on equity of 12.48% and a net margin of 12.25%.The business had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.20 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The company'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. Equities research analysts forecast that Pacific Gas & Electric will post 1.65 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group set a $13.00 price target on shares of Pacific Gas & Electric in a research note on Tuesday. Bank of America lowered shares of Pacific Gas & Electric from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $24.00 to $13.00 in a research report on Tuesday. BMO Capital Markets reiterated a "market perform" rating and issued a $21.00 price target (down from $28.00) on shares of Pacific Gas & Electric in a research report on Monday. Truist Financial decreased their price target on shares of Pacific Gas & Electric from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of Pacific Gas & Electric from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 4th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $19.27.

Insiders Place Their Bets

In other Pacific Gas & Electric news, EVP Marlene Santos sold 158,250 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 230,885 shares of the company's stock, valued at approximately $4,155,930. This trade represents a 40.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 plans to defer approximately $2 billion of 2027 spending while maintaining safety and regulatory-compliance work. The revised plan preserves roughly $11.4 billion of investment, reduces the need for higher-cost borrowing and is intended to support affordability. PG&E Launches Strategic Review
• Positive Sentiment: The company launched a strategic review covering its business structure, financing options, reliability investments and costs. PG&E maintained its 2026 earnings guidance and reportedly set a higher 2027 EPS outlook, which could improve investor sentiment if executed successfully. PG&E to invest $11.4 billion in California
• Positive Sentiment: JPMorgan lowered its price target to $18 from $25 but retained an “overweight” rating. The revised target still implies substantial upside from recent trading levels, although the size of the cut reflects more cautious expectations. JPMorgan price-target update
• Neutral Sentiment: Technical analysis identified approximately $13 as an important long-term support level after the wildfire-related selloff. Holding that level could signal stabilization, but a break below it may reinforce bearish momentum. PG&E technical support analysis
• Negative Sentiment: Investors continue to focus on California wildfire liability. Recent coverage and the company’s strategic-review discussion indicate that a durable liability framework has not been resolved, leaving uncertainty over potential costs, financing and future returns. PG&E wildfire liability discussion
• Negative Sentiment: Bank of America downgraded PCG from “buy” to “neutral” and cut its price target to $13 from $24, while Wells Fargo reiterated an “equal weight” rating. The analyst caution adds pressure to the shares. Wells Fargo rating update

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. increased its position in Pacific Gas & Electric by 42.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 9,454 shares of the utilities provider's stock worth $152,000 after buying an additional 2,836 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Pacific Gas & Electric by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 684,942 shares of the utilities provider's stock worth $10,329,000 after acquiring an additional 4,248 shares during the last quarter. Empowered Funds LLC boosted its position 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. Livforsakringsbolaget Skandia Omsesidigt grew its holdings 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 valued at $149,000 after purchasing an additional 7,700 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Pacific Gas & Electric during the first quarter worth approximately $203,000. 78.56% of the stock is owned by hedge funds and other institutional investors.

Pacific Gas & Electric Company Profile

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.

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