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

PG&E (NYSE:PCG) issued an update on its FY25 earnings guidance on Monday morning. 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.

Analyst Upgrades and Downgrades

PCG has been the subject of a number of research reports. Jefferies Financial Group started coverage on shares of PG&E in a report on Monday, October 14th. They set a “buy” rating and a $24.00 target price for the company. UBS Group upped their price objective on PG&E from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Mizuho lifted their target price on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Barclays boosted their price target on PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price objective on PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and an average price target of $23.10.

PG&E Price Performance

Shares of PG&E stock opened at $21.63 on Monday. The company has a market capitalization of $56.57 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.66 and a beta of 1.03. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.02. The stock’s 50-day simple moving average is $20.44 and its 200-day simple moving average is $19.14. PG&E has a 52 week low of $15.94 and a 52 week high of $21.72.

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

PG&E Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. PG&E’s dividend payout ratio is 3.13%.

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.