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

PG&E (NYSE:PCG - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.470-1.510 for the period, compared to the consensus estimate of 1.480. The company issued revenue guidance of -. PG&E also updated its FY 2024 guidance to 1.340-1.370 EPS.

PG&E Stock Down 0.0 %

Shares of PCG stock traded down $0.01 during mid-day trading on Thursday, hitting $20.24. 8,703,386 shares of the stock traded hands, compared to its average volume of 13,779,297. The stock has a market cap of $52.93 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.53 and a beta of 1.03. The stock's fifty day moving average is $19.99 and its two-hundred day moving average is $18.70. PG&E has a 52-week low of $15.94 and a 52-week high of $20.93. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.86.

PG&E Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on PCG shares. Barclays upped their price objective on shares of PG&E from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of PG&E from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, July 26th. Morgan Stanley upped their price objective on shares of PG&E from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Bank of America initiated coverage on shares of PG&E in a report on Thursday, September 12th. They set a "buy" rating and a $24.00 price objective on the stock. Finally, UBS Group increased their price target on shares of PG&E from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, PG&E has an average rating of "Moderate Buy" and a consensus target price of $22.80.

Insider Transactions at PG&E

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