Zacks Research Comments on PG&E’s FY2026 Earnings (NYSE:PCG)

PG&E Co. (NYSE:PCG) – Equities researchers at Zacks Research raised their FY2026 earnings per share estimates for PG&E in a research note issued on Tuesday, October 15th. Zacks Research analyst A. Dutta now forecasts that the utilities provider will post earnings per share of $1.61 for the year, up from their previous estimate of $1.60. The consensus estimate for PG&E’s current full-year earnings is $1.36 per share.

Other research analysts have also issued reports about the company. Morgan Stanley raised their price target on PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays lifted their target price on PG&E from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Bank of America initiated coverage on PG&E in a report on Thursday, September 12th. They issued a “buy” rating and a $24.00 target price for the company. UBS Group lifted their target price on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company lifted their target price on PG&E from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, PG&E currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

PG&E Trading Down 1.1 %

PCG opened at $20.29 on Thursday. PG&E has a 52 week low of $15.59 and a 52 week high of $20.65. The business has a fifty day simple moving average of $19.51 and a 200-day simple moving average of $18.32. The firm has a market cap of $58.42 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. PG&E had a return on equity of 11.76% and a net margin of 10.22%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share.

Institutional Investors Weigh In On PG&E

A number of institutional investors have recently added to or reduced their stakes in PCG. Axxcess Wealth Management LLC boosted its stake in shares of PG&E by 3.5% during the 1st quarter. Axxcess Wealth Management LLC now owns 18,217 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 614 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of PG&E by 3.1% during the 2nd quarter. Ballentine Partners LLC now owns 22,458 shares of the utilities provider’s stock worth $392,000 after acquiring an additional 666 shares in the last quarter. Alta Advisers Ltd boosted its stake in shares of PG&E by 19.5% during the 2nd quarter. Alta Advisers Ltd now owns 4,900 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 800 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of PG&E by 14.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,830 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 863 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in shares of PG&E by 8.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 12,363 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insider Activity at PG&E

In related news, VP Stephanie N. Williams sold 38,601 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.32, for a total value of $707,170.32. Following the transaction, the vice president now owns 19,114 shares in the company, valued at $350,168.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

PG&E Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date was Monday, September 30th. PG&E’s dividend payout ratio (DPR) is presently 3.57%.

About PG&E

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.