Brokers Set Expectations for PG&E’s Q3 Earnings (NYSE:PCG)

PG&E Co. (NYSE:PCG) – Investment analysts at Zacks Research boosted their Q3 2025 earnings per share estimates for PG&E in a research note issued on Thursday, March 6th. Zacks Research analyst A. Dutta now anticipates that the utilities provider will earn $0.36 per share for the quarter, up from their previous estimate of $0.33. The consensus estimate for PG&E’s current full-year earnings is $1.49 per share. Zacks Research also issued estimates for PG&E’s Q1 2026 earnings at $0.36 EPS and Q3 2026 earnings at $0.36 EPS.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The firm had revenue of $6.63 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the firm earned $0.47 EPS.

Several other equities analysts have also recently issued reports on PCG. UBS Group lowered their price target on PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Mizuho lifted their price target on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Barclays reduced their price objective on PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. BMO Capital Markets lifted their price objective on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $22.00 price target on shares of PG&E in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, PG&E presently has an average rating of “Moderate Buy” and a consensus price target of $22.23.

PG&E Trading Up 1.5 %

Shares of NYSE PCG opened at $16.16 on Monday. The stock’s 50 day simple moving average is $16.59 and its 200 day simple moving average is $18.92. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The company has a market cap of $43.16 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. PG&E has a 12-month low of $14.99 and a 12-month high of $21.72.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of PG&E by 17.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 80,874 shares of the utilities provider’s stock valued at $1,599,000 after buying an additional 12,092 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of PG&E by 6.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,722,110 shares of the utilities provider’s stock valued at $53,816,000 after buying an additional 169,503 shares in the last quarter. Assetmark Inc. raised its position in shares of PG&E by 35.9% during the 3rd quarter. Assetmark Inc. now owns 86,663 shares of the utilities provider’s stock valued at $1,713,000 after buying an additional 22,893 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of PG&E during the 3rd quarter valued at $203,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of PG&E by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,094,874 shares of the utilities provider’s stock valued at $100,726,000 after buying an additional 64,794 shares in the last quarter. 78.56% of the stock is owned by institutional investors.

Insider Activity at PG&E

In related news, Director Arno Lockheart Harris bought 6,389 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the purchase, the director now directly owns 14,864 shares in the company, valued at $232,770.24. The trade was a 75.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Carla J. Peterman sold 32,521 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total transaction of $532,368.77. Following the completion of the transaction, the executive vice president now owns 183,635 shares in the company, valued at approximately $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

PG&E Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.025 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.62%. PG&E’s payout ratio is 8.70%.

About PG&E

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.