Research Analysts Set Expectations for PG&E Q1 Earnings

PG&E Co. (NYSE:PCG - Free Report) - Research analysts at Zacks Research increased their Q1 2025 earnings estimates for shares of PG&E in a note issued to investors on Thursday, March 6th. Zacks Research analyst A. Dutta now expects that the utilities provider will earn $0.38 per share for the quarter, up from their prior estimate of $0.35. The consensus estimate for PG&E's current full-year earnings is $1.49 per share. Zacks Research also issued estimates for PG&E's Q2 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.50 EPS, Q2 2026 earnings at $0.37 EPS, FY2026 earnings at $1.64 EPS and FY2027 earnings at $1.78 EPS.

PCG has been the topic of several other research reports. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 target price on shares of PG&E in a report on Wednesday, February 12th. UBS Group decreased their price objective on shares of PG&E from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Guggenheim cut PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. Mizuho increased their target price on shares of PG&E from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, Morgan Stanley lowered shares of PG&E from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $20.00 to $16.50 in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.23.

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PG&E Stock Up 1.5 %

Shares of NYSE PCG traded up $0.25 during midday trading on Friday, hitting $16.16. The stock had a trading volume of 19,146,431 shares, compared to its average volume of 15,153,492. The company has a market cap of $43.16 billion, a P/E ratio of 14.05, a PEG ratio of 1.09 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The business's 50 day moving average is $16.67 and its 200-day moving average is $18.94. PG&E has a 52 week low of $14.99 and a 52 week high of $21.72.

PG&E (NYSE:PCG - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same period in the prior year, the company earned $0.47 EPS.

Institutional Investors Weigh In On PG&E

Several hedge funds and other institutional investors have recently made changes to their positions in PCG. Janney Montgomery Scott LLC grew its holdings in PG&E by 17.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 80,874 shares of the utilities provider's stock valued at $1,599,000 after buying an additional 12,092 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in PG&E by 98.5% in the third quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider's stock valued at $86,000 after buying an additional 2,154 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of PG&E by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,722,110 shares of the utilities provider's stock valued at $53,816,000 after acquiring an additional 169,503 shares during the period. AIA Group Ltd raised its holdings in shares of PG&E by 6.4% during the third quarter. AIA Group Ltd now owns 122,800 shares of the utilities provider's stock worth $2,428,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of PG&E during the 3rd quarter worth approximately $239,000. Hedge funds and other institutional investors own 78.56% of the company's stock.

Insider Activity

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

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.62%. PG&E's dividend payout ratio (DPR) is presently 8.70%.

PG&E Company Profile

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.