PG&E (PCG) Stock Price, News & Analysis

Company Overview

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. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. PG&E Corporation was incorporated in 1905 and is based in Oakland, California.

Key Stats

• Today's Range: $19.36 to $19.90
• 50-Day Range: $19.20 to $21.63
• 52-Week Range: $15.94 to $21.72
• Volume: 33.55 million shs
• Average Volume: 14.40 million shs
• Market Capitalization: $51.84 billion
• P/E Ratio: 15.48
• Dividend Yield: 0.50%
• Price Target: $22.80
• Consensus Rating: Moderate Buy

PG&E Stock Analysis - MarketRank™

PG&E scored higher than 85% of companies evaluated by MarketBeat, and ranked 29th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

PG&E has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

PG&E has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.56%

Earnings Growth

Earnings for PG&E are expected to grow by 9.56% in the coming year, from $1.36 to $1.49 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PG&E is 15.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.36.

Price to Earnings Ratio vs. Sector

The P/E ratio of PG&E is 15.48, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.36.

Price to Earnings Growth Ratio

PG&E has a PEG Ratio of 1.51. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

PG&E has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.22% of the outstanding shares of PG&E have been sold short.

Short Interest Ratio / Days to Cover

PG&E has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PG&E has recently decreased by 3.38%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

PG&E has a dividend yield of 0.20%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

PG&E does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of PG&E is 7.81%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, PG&E will have a dividend payout ratio of 6.71% next year. This indicates that PG&E will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.22% of the outstanding shares of PG&E have been sold short.

Short Interest Ratio / Days to Cover

PG&E has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PG&E has recently decreased by 3.38%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.32

News Sentiment

PG&E has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 40 news articles for PG&E this week, compared to 15 articles on an average week.

Search Interest

12 people have searched for PCG on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.

MarketBeat Follows

Only 13 people have added PG&E to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, PG&E insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,147,766.00 in company stock.

Percentage Held by Insiders

Only 0.15% of the stock of PG&E is held by insiders.

Percentage Held by Institutions

78.56% of the stock of PG&E is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PCG Stock Analysis - Frequently Asked Questions

How have PCG shares performed this year?

PG&E's stock was trading at $18.03 at the beginning of the year. Since then, PCG shares have increased by 9.9% and is now trading at $19.82.
View the best growth stocks for 2024 here.

How were PG&E's earnings last quarter?

PG&E Co. (NYSE:PCG) posted its quarterly earnings results on Thursday, November, 7th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. PG&E's quarterly revenue was up .9% on a year-over-year basis.

Who are PG&E's major shareholders?

PG&E's top institutional investors include FMR LLC (6.76%), State Street Corp (4.17%), Massachusetts Financial Services Co. MA (4.01%) and Geode Capital Management LLC (1.91%). Insiders that own company stock include Pg&E Fire Victim Trust, Patricia K Poppe, Cheryl F Campbell, Carolyn Jeanne Burke and Stephanie N Williams.
View institutional ownership trends.

How do I buy shares of PG&E?

Shares of PCG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PG&E own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PG&E investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 11/07/2024
• Today: 12/22/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:PCG
• CUSIP: 69331C10
• CIK: 1004980
• Web: www.pgecorp.com
• Phone: (415) 973-1000
• Fax: 415-973-8719
• Employees: 28,010
• Year Founded: 1905

Price Target and Rating

• Average Stock Price Target: $22.80
• High Stock Price Target: $26.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +15.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.28
• Trailing P/E Ratio: 15.48
• Forward P/E Ratio: 14.57
• P/E Growth: 1.51
• Net Income: $2.26 billion
• Net Margins: 11.11%
• Pretax Margin: 9.34%
• Return on Equity: 12.51%
• Return on Assets: 2.54%

Debt

• Debt-to-Equity Ratio: 2.02
• Current Ratio: 1.04
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $24.83 billion
• Price / Sales: 2.09
• Cash Flow: $2.45 per share
• Price / Cash Flow: 8.08
• Book Value: $9.69 per share
• Price / Book: 2.05

Miscellaneous

• Outstanding Shares: 2,615,288,000
• Free Float: 2,611,365,000
• Market Cap: $51.84 billion
• Optionable: Optionable
• Beta: 1.01