PCG — Pacific Gas & Electric Co. Common Stock
Session close: $12.63. Regular-session share volume: 33,337,330. Change from previous close: -2.70%.
Key developments
BMO Capital Markets raised its PG&E price target during the session following recent financial disclosures. In the prior session’s earnings report, PG&E reaffirmed its current and following-year earnings outlooks and highlighted improvements in wildfire prevention, gas safety and system reliability.
BMO Capital Adjusts Price Target on PG&E · PG&E Q3 2026 Earnings Call Transcript
High financing costs prompted a reduction in the next annual capital plan, delaying customer projects and clean-energy connections. Management said comprehensive wildfire liability reform remains outstanding and stopped providing longer-term earnings guidance during its strategic review.
PG&E Q3 2026 Earnings Call Transcript
PG&E is exploring a potential gas-business separation alongside other restructuring options to lower customer borrowing costs and pursue investment-grade credit ratings. These discussions predate the target session; no final separation decision or timeline was disclosed.
PG&E Weighs Potential Gas Business Separation · PG&E Q3 2026 Earnings Call Transcript
News sources
Company news What Is PG&E (PCG) Saying About A $22.5 Billion San Francisco Grid Takeover?