PG&E (PCG) Projected to Post Earnings on Thursday

PG&E (NYSE:PCG - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect PG&E to post earnings of $0.40 per share and revenue of $6.23 billion for the quarter. PG&E has set its FY 2025 guidance at 1.480-1.520 EPS.

PG&E (NYSE:PCG - Get Free Report) last issued its earnings results on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The firm had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $6.23 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. On average, analysts expect PG&E to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PG&E Trading Down 1.4 %

NYSE:PCG traded down $0.25 on Friday, hitting $17.14. 10,347,598 shares of the stock were exchanged, compared to its average volume of 16,424,830. The stock has a fifty day moving average of $16.65 and a 200-day moving average of $18.28. The stock has a market cap of $45.79 billion, a PE ratio of 14.90, a PEG ratio of 1.09 and a beta of 0.70. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. PG&E has a fifty-two week low of $14.99 and a fifty-two week high of $21.72.

PG&E Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.58%. PG&E's payout ratio is 8.70%.

Insider Activity at PG&E

In other news, Director Arno Lockheart Harris purchased 6,389 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $15.66 per share, with a total value of $100,051.74. Following the transaction, the director now owns 14,864 shares in the company, valued at approximately $232,770.24. The trade was a 75.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carla J. Peterman sold 32,521 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the transaction, the executive vice president now owns 183,635 shares in the company, valued at $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PCG has been the subject of several recent research reports. Morgan Stanley reissued an "underweight" rating on shares of PG&E in a research report on Wednesday. Jefferies Financial Group increased their price target on PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday. Barclays reduced their price objective on PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. UBS Group lowered PG&E from a "buy" rating to a "neutral" rating and lowered their target price for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. Finally, Guggenheim boosted their price target on PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.32.

About PG&E

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.