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

Several research analysts have commented on the stock. Barclays decreased their price target on shares of PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Morgan Stanley lifted their target price on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group initiated coverage on shares of PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 price target for the company. Bank of America began coverage on PG&E in a report on Thursday, September 12th. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, Mizuho increased their target price on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, PG&E presently has an average rating of “Moderate Buy” and an average price target of $22.80.

PG&E Stock Down 0.3 %

Shares of NYSE:PCG opened at $20.14 on Friday. The stock’s 50-day moving average is $20.49 and its 200 day moving average is $19.37. The company has a market cap 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 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 posted its earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The firm 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 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Sell-side analysts anticipate that PG&E will post 1.36 EPS for the current year.

PG&E Increases Dividend

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

Insider Activity

In other news, CEO Patricia K. Poppe sold 55,555 shares of the firm’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 value of $1,147,766.30. Following the completion of the transaction, the chief executive officer now owns 1,460,222 shares in the company, 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 SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

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.