PG&E Corporation stock gained 1.21 percent as Ladenburg cut its target

Published on 10/07/2026 at 07:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PG&E Corporation stock faces a USD 15.50 target after Ladenburg cut it from USD 22.00 on October 6, 2026. Q2 revenue reached USD 5.90 billion and EPS USD 0.33.

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PG&E Corporation (ISIN US69331C1080) stock was last at USD 12.50 on the NYSE on October 6, 2026, up 1.21 percent from the prior session. The immediate catalyst was a sharp target reduction from Ladenburg Thalmann, while the utility's upcoming results date keeps attention on execution and regulatory risk.

Ladenburg cuts its target

According to Investing.com on October 6, 2026, Ladenburg Thalmann lowered its PG&E price target to USD 15.50 from USD 22.00 and maintained a Buy rating. The new target is 24.0 percent above the October 6 price, a much narrower valuation cushion than the former target implied.

The report tied the revision to PG&E's plan to underground 5,000 miles of transmission lines over 10 years through 2037. The proposal still requires approval from the California Office of Infrastructure Safety and the California Public Utilities Commission, leaving affordability and regulatory decisions as central variables.

Q2 earnings set the baseline

PG&E's second-quarter 2026 revenue was USD 5.90 billion, flat from the year-earlier quarter, while adjusted EPS rose to USD 0.33 from USD 0.24, according to Simply Wall St in its Q2 2026 results summary. The combination points to higher earnings per share despite limited top-line growth.

For the broader valuation picture, Financhill lists a Hold consensus from 17 analysts and an average 12-month target of USD 19.22. That target lies 53.8 percent above the October 6 price, although the consensus includes eight Buy ratings, nine Holds and zero Sells.

October results are next

PG&E has scheduled its third-quarter 2026 results call for October 22, 2026, at 11:00 a.m. ET, according to the company's investor release dated September 24, 2026. The event gives investors a concrete checkpoint for capital spending, wildfire exposure and the earnings trajectory.

PG&E stock stays below its yearly high

PCG's USD 12.50 price on October 6, 2026 stood 34.7 percent below its 52-week high of USD 19.16 and above its 52-week low of USD 11.77. Market capitalization was USD 33.5 billion and volume reached 25,102,490 shares on the same dated quote.