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

PG&E (NYSE:PCG - Get Free Report) issued an update on its FY25 earnings guidance on Thursday 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 $1.48. PG&E also updated its FY 2024 guidance to 1.340-1.370 EPS.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of PG&E from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Morgan Stanley upped their price objective 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. Wells Fargo & Company lifted their target price on PG&E from $21.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Jefferies Financial Group started coverage on shares of PG&E in a report on Monday, October 14th. They issued a "buy" rating and a $24.00 price target on the stock. Finally, UBS Group lifted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.80.

PG&E Stock Up 0.6 %

PCG stock traded up $0.13 during trading on Thursday, hitting $20.38. 14,357,944 shares of the company's stock traded hands, compared to its average volume of 13,806,571. The firm has a market capitalization of $53.30 billion, a P/E ratio of 17.31, a PEG ratio of 1.53 and a beta of 1.03. PG&E has a 1 year low of $15.94 and a 1 year high of $20.93. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99. The business has a fifty day simple moving average of $19.99 and a two-hundred day simple moving average of $18.70.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. PG&E's dividend payout ratio is presently 3.42%.

Insider Buying and Selling

In other news, VP Stephanie N. Williams sold 38,601 shares of PG&E stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $18.32, for a total value of $707,170.32. Following the transaction, the vice president now owns 19,114 shares of the company's stock, valued at $350,168.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently 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.