PG&E (NYSE:PCG) Issues FY25 Earnings Guidance

PG&E (NYSE:PCG) updated its FY25 earnings guidance on Monday. The company provided earnings per share guidance of $1.47-1.51 for the period, compared to the consensus earnings per share estimate of $1.49. PG&E also updated its FY24 guidance to $1.34-1.37 EPS.

PG&E Trading Down 5.0 %

PG&E stock opened at $20.56 on Tuesday. PG&E has a 52 week low of $15.94 and a 52 week high of $21.72. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04. The firm has a market capitalization of $53.76 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.66 and a beta of 1.01. The company has a 50 day moving average price of $20.45 and a 200 day moving average price of $19.16.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. PG&E had a return on equity of 12.51% and a net margin of 11.11%. PG&E’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. Research analysts forecast that PG&E will post 1.36 EPS for the current year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.19%. PG&E’s dividend payout ratio is 3.13%.

Analyst Upgrades and Downgrades

PCG has been the topic of several research reports. Bank of America assumed coverage on shares of PG&E in a research note on Thursday, September 12th. They issued a “buy” rating and a $24.00 price objective on the stock. Jefferies Financial Group started coverage on PG&E in a report on Monday, October 14th. They set a “buy” rating and a $24.00 price objective for the company. Morgan Stanley upped their target price on PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays boosted their price target on PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, UBS Group lifted their target price on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.10.

Insider Activity at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the completion of the transaction, the chief executive officer now directly owns 1,460,222 shares in the company, valued at $30,168,186.52. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

About PG&E

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.