PG&E Corporation stock holds near a yearly low as targets fall

Published on 09/22/2026 at 18:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PG&E Corporation stock opened at USD 12.94 on September 22, 2026, near its USD 12.59 yearly low. Analysts set an average target of USD 18.09.

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PG&E Corporation (US69331C1080) opened at USD 12.94 on the NYSE on September 22, 2026, close to its 52-week low of USD 12.59. The utility's latest reported quarter delivered EPS of USD 0.40 versus a USD 0.36 consensus estimate, while revenue of USD 5.90 billion fell short of the USD 6.20 billion expectation, according to MarketBeat on September 22, 2026.

Targets point to a wide gap

The current analyst picture is cautious but not uniformly negative. MarketBeat reported on September 22, 2026, that 12 analysts carried a consensus Hold rating, with nine holds and three buys. Their average 12-month price target was USD 18.09, USD 5.15 above the opening price of USD 12.94.

Recent revisions show why the average target requires careful interpretation. According to MarketBeat on September 22, 2026, Bank of America cut its target from USD 24.00 to USD 13.00 on September 1, Morgan Stanley reduced its target from USD 22.00 to USD 20.00, and JPMorgan lowered its target from USD 25.00 to USD 18.00 on September 2. The revisions leave the average target above the market price, but they also mark a lower valuation range than earlier targets.

Earnings beat EPS expectations

PG&E's latest reported quarter ended with a mixed operating profile. The company earned USD 0.40 per share in the quarter reported on July 23, 2026, beating the USD 0.36 consensus by USD 0.04, while revenue of USD 5.90 billion missed the USD 6.20 billion estimate by USD 300 million. Revenue was up 0.1 percent from the year-earlier quarter, and EPS increased from USD 0.31 in the comparable period, according to MarketBeat.

Management's published fiscal-year 2026 EPS guidance is USD 1.640 to USD 1.660, while the analyst estimate cited by MarketBeat on September 22, 2026, is USD 1.65. That narrow range makes execution against guidance more important than the single-quarter EPS beat.

Stock remains below key averages

At the September 22, 2026 opening price of USD 12.94, PG&E traded below its 50-day simple moving average of USD 16.35 and its 200-day average of USD 16.83. The same market snapshot placed the 52-week high at USD 19.16, leaving the stock USD 6.22 below that level, while the market capitalization stood at USD 34.68 billion.

PG&E Corporation stock stays near USD 13

PG&E Corporation stock was quoted at USD 12.94 on the NYSE on September 22, 2026, with the session opening near the 52-week low of USD 12.59. The quarterly dividend was USD 0.05 per share, with payment scheduled for October 15, 2026, to shareholders of record on September 30, 2026, according to MarketBeat.