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

PG&E (NYSE:PCG) updated its FY 2025 earnings guidance on Friday. 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 Upgrades and Downgrades

A number of research firms have recently weighed in on PCG. Bank of America started coverage on shares of PG&E in a report on Thursday, September 12th. They issued a “buy” rating and a $24.00 price target on the stock. Morgan Stanley increased their target price on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays cut their target price on shares of PG&E from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Jefferies Financial Group began coverage on shares of PG&E in a research note on Monday, October 14th. They set a “buy” rating and a $24.00 target price on the stock. Finally, UBS Group dropped their price target on shares of PG&E from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.80.

PG&E Price Performance

Shares of NYSE PCG opened at $20.21 on Friday. The company has a market cap of $52.85 billion, a PE ratio of 15.79, a P/E/G ratio of 1.51 and a beta of 1.01. The stock has a fifty day moving average price of $20.50 and a 200 day moving average price of $19.35. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. PG&E has a 1-year low of $15.94 and a 1-year high of $21.72.

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

PG&E Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from PG&E’s previous quarterly dividend of $0.01. This represents a $0.10 annualized dividend and a dividend yield of 0.49%. PG&E’s payout ratio is currently 7.81%.

Insider Buying and Selling at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the transaction, the chief executive officer now directly owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

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.