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

PG&E (NYSE:PCG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $1.47-1.51 for the period, compared to the consensus EPS estimate of $1.48. PG&E also updated its FY 2024 guidance to 1.340-1.370 EPS.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company lifted their target price on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Jefferies Financial Group assumed coverage on PG&E in a report on Monday, October 14th. They set a “buy” rating and a $24.00 target price on the stock. UBS Group lifted their target price on PG&E from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America assumed coverage on PG&E in a report on Thursday, September 12th. They set a “buy” rating and a $24.00 target price on the stock. Finally, Barclays lifted their target price on PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PG&E has an average rating of “Moderate Buy” and a consensus target price of $22.80.

PG&E Trading Down 0.5 %

Shares of PCG stock traded down $0.11 during mid-day trading on Thursday, hitting $20.14. The company’s stock had a trading volume of 1,129,006 shares, compared to its average volume of 13,745,330. The company’s fifty day simple moving average is $19.99 and its 200-day simple moving average is $18.70. PG&E has a 52 week low of $15.94 and a 52 week high of $20.93. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.86 and a current ratio of 0.90. The company has a market cap of $52.67 billion, a PE ratio of 17.31, a P/E/G ratio of 1.53 and a beta of 1.03.

PG&E Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Monday, September 30th. PG&E’s payout ratio is 3.42%.

Insider Activity at PG&E

In related news, VP Stephanie N. Williams sold 38,601 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.32, for a total value of $707,170.32. Following the completion of the sale, the vice president now directly owns 19,114 shares of the company’s stock, valued at $350,168.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.15% of the stock is currently 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.