Ladenburg cut target for PG&E Corporation stock to USD 15.50 from USD 22.00
Published on 10/08/2026 at 21:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Ladenburg Thalmann cut its PG&E Corporation target from USD 22.00 to USD 15.50 on October 6, 2026, while retaining a Buy rating.
- PG&E Corporation reported USD 5.90 billion of second-quarter revenue and USD 761.0 million of net income for the second quarter of 2026.
- The stock was at EUR 11.25 at Lang & Schwarz on October 8, 2026 at 9:46 p.m. CEST, down 0.88 percent from EUR 11.35.
- Third-quarter results are scheduled for October 22, 2026, while the USD 0.05 dividend is payable on October 15, 2026.
PG&E Corporation (ISIN US69331C1080) was at EUR 11.25 at Lang & Schwarz on October 8, 2026 at 9:46 p.m. CEST, down 0.88 percent from the EUR 11.35 prior close dated October 7, 2026. As Investing.com reported on October 6, 2026, Ladenburg Thalmann cut its PG&E target from USD 22.00 to USD 15.50 while maintaining a Buy rating.
Why the target was cut
Ladenburg linked the lower target to the cost and regulatory hurdles surrounding PG&E's plan to underground 5,000 miles of transmission lines over 10 years through 2037. The plan requires approval from the California Office of Infrastructure Safety and the California Public Utilities Commission, adding a concrete execution hurdle to the investment case.
The target reduction is material: USD 15.50 is USD 6.50 below the former USD 22.00 target, a 29.55 percent cut. The contrast with the euro quote is important because the analyst values are in USD, while the reference price for German investors is in EUR.
Three dated company events
On July 23, 2026, PG&E reported second-quarter revenue of USD 5.90 billion and net income of USD 761.0 million, according to Simply Wall St. On September 18, 2026, the company declared a USD 0.05 regular cash dividend, as the same Simply Wall St company update reported.
On October 6, 2026, Ladenburg Thalmann reduced its target from USD 22.00 to USD 15.50 while keeping its Buy rating, according to Investing.com.
What dates matter next?
The USD 0.05 dividend is payable on October 15, 2026, to shareholders of record as of September 30, 2026, according to Simply Wall St. PG&E will discuss third-quarter 2026 results on October 22, 2026, at 11:00 a.m. ET, according to PR Newswire.
Stock remains below its yearly high
PG&E Corporation's market capitalization was USD 33.9 billion on October 8, 2026, while its 52-week range was USD 11.77 to USD 19.16. The EUR 11.25 Lang & Schwarz quote therefore sits near the lower end of the euro reference for German investors, while the USD target revision keeps wildfire infrastructure costs and regulatory approvals central to the next valuation debate.
The further course of trading is shown by the continuously updated real-time quote of PG&E Corporation stock.
PG&E Corporation stock facts
- Company: PG&E Corporation
- ISIN: US69331C1080
- Ticker: PCG
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 9:46 p.m. CEST): EUR 11.25
- Change versus prior close: minus 0.88 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 11.35
- Market capitalization: USD 33.9 billion (as of October 8, 2026)
- 52-week range: USD 11.77-19.16 (as of October 8, 2026)
- Sector / Industry: Utilities / Regulated Electric
Market context: Market report S&P 500.
