PG&E Corporation stock trades flat as review reshapes plans

Published on 09/29/2026 at 14:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PG&E Corporation stock stood at EUR 10.55 at Lang & Schwarz on September 29, 2026. PG&E reaffirmed USD 1.64-1.66 core EPS guidance and will defer USD 2.0 billion of 2027 investment.

Hochspannungsmasten in goldenen kalifornischen Hügeln bei Sonnenuntergang — Fotorealistische Hochspannungsleitung in kalifornischen Hügeln symbolisiert PG&E Corporation, Aktie ISIN US69331C1080, Sonnenuntergang, Illustration mit AI erstellt.

PG&E Corporation stock (ISIN US69331C1080) was trading at EUR 10.55 at Lang & Schwarz on September 29, 2026, unchanged from the prior close. The company is balancing a strategic review, a revised 2027 capital plan and a lower analyst valuation.

Strategic review changes capital plan

In a September 2, 2026 release, PG&E said it plans to defer USD 2.0 billion of 2027 investment while retaining USD 11.4 billion of planned spending in California. The move is intended to reduce debt financing needs by USD 2.0 billion while critical safety and compliance work continues.

The same release reaffirmed full-year 2026 non-GAAP Core EPS guidance of USD 1.64 to USD 1.66 and introduced 2027 guidance of USD 1.78 to USD 1.82. The figures give investors a defined earnings framework, while the capital deferral points to a more cautious near-term growth path.

UBS cuts target from USD 19

On September 23, 2026, UBS downgraded PG&E from Buy to Neutral and cut its price target from USD 19.00 to USD 14.00, as reported by MarketScreener. The target reduction is a concrete comparison of USD 5.00, or 26.32 percent, and leaves the USD 14.00 target 17.15 percent above the NYSE quote of USD 11.95 on September 28, 2026.

The valuation change matters because PG&E's strategic review could alter its financing structure and long-term investment outlook. The September 2 release said the company would reassess its 2028-2030 capital investment and rate base outlooks.

Results date and dividend checkpoint

PG&E scheduled its third-quarter 2026 earnings call for October 22, 2026, at 11:00 a.m. Eastern Time. MarketScreener reported on September 18, 2026, that PG&E declared a USD 0.05 per-share dividend payable October 15, 2026, to shareholders of record on September 30, 2026.

EUR 10.55 price holds steady

PG&E Corporation stock was trading at EUR 10.55 at Lang & Schwarz on September 29, 2026, at 2:36 p.m. CEST, unchanged at 0.00 percent versus the Lang & Schwarz prior close of EUR 10.55 on September 28, 2026. The reference price is an intraday euro quotation for investors in Germany.