PG&E Corporation stock reaches ex-dividend date as UBS cuts target

Published on 09/30/2026 at 14:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS lowered its PG&E target from USD 19.00 to USD 14.00 on September 23, 2026. The utility set a USD 0.05 dividend and October 22 earnings date.

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 (ISIN US69331C1080) was trading at EUR 10.85 at Lang & Schwarz on September 30, 2026 at 2:30 p.m. CEST. The date also marked the ex-dividend point for the company’s USD 0.05 quarterly distribution, while UBS has reset the valuation framework for the California utility.

UBS resets the valuation

According to Yahoo Finance on September 23, 2026, UBS downgraded PG&E from Buy to Neutral and reduced its price target from USD 19.00 to USD 14.00. The new target is USD 5.00 below the former target, a 26.32 percent reduction.

UBS cited the growing risk that California wildfire liability reform will not advance this year. The bank also incorporated PG&E’s USD 2.00 billion capital-spending deferral for 2027 through 2030 and lowered its long-term earnings growth assumption from 9.00 percent to 8.50 percent.

Dividend sets the near term

PG&E Corporation’s common stock went ex-dividend on September 30, 2026, according to aktiencheck.de. The same notice identifies the security as PCG and links the date to the USD 0.05 distribution.

PG&E Corporation states that the dividend is payable on October 15, 2026, to shareholders of record as of September 30, 2026. The company also scheduled its third quarter 2026 earnings release and conference call for October 22, 2026.

Price and market size

The Lang & Schwarz quote places the stock at EUR 10.85 intraday on September 30, 2026. The company’s market capitalization was USD 32.6 billion as of September 29, 2026, while the 52-week range was EUR 10.40 to EUR 16.50 on the latest dated German quote page.

That range puts the reference price EUR 0.45 above the 52-week low and EUR 5.65 below the 52-week high. For investors, the valuation debate now turns on whether wildfire reform can improve the regulatory outlook while PG&E balances capital spending, earnings growth and shareholder distributions.

Next earnings date is October 22

PG&E’s next scheduled reporting date is October 22, 2026. The event should provide the next reported checkpoint for the company’s capital plan and the strategic review announced in September.