PG&E (NYSE:PCG) Issues FY 2025 Earnings Guidance

PG&E (NYSE:PCG) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of 1.470-1.510 for the period, compared to the consensus EPS estimate of 1.490. The company issued revenue guidance of -. PG&E also updated its FY 2024 guidance to 1.340-1.370 EPS.

Analyst Ratings Changes

A number of research analysts recently commented on PCG shares. Morgan Stanley upped 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. Jefferies Financial Group assumed coverage on shares of PG&E in a research report on Monday, October 14th. They issued a “buy” rating and a $24.00 price objective on the stock. Mizuho upped their target price on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Bank of America started coverage on PG&E in a report on Thursday, September 12th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Barclays lowered their target price on PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and a consensus price target of $22.80.

PG&E Price Performance

PCG stock opened at $20.14 on Friday. PG&E has a one year low of $15.94 and a one year high of $21.72. The firm has a 50-day moving average of $20.49 and a two-hundred day moving average of $19.36. The firm has a market capitalization of $52.67 billion, a PE ratio of 15.73, a P/E/G ratio of 1.51 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02.

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

PG&E Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from PG&E’s previous quarterly dividend of $0.01. PG&E’s dividend payout ratio is currently 7.81%.

Insiders Place Their Bets

In other news, CEO Patricia K. Poppe sold 55,555 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,460,222 shares of the company’s stock, valued at $30,168,186.52. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.

PG&E Company Profile

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.