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

PG&E (NYSE:PCG) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of 1.470-1.510 for the period, compared to the consensus EPS estimate of 1.490. The company issued revenue guidance of -. PG&E also updated its FY 2024 guidance to 1.340-1.370 EPS.

PG&E Stock Performance

NYSE:PCG opened at $20.14 on Friday. The company has a market capitalization of $52.67 billion, a PE ratio of 15.73, a P/E/G ratio of 1.51 and a beta of 1.01. PG&E has a fifty-two week low of $15.94 and a fifty-two week high of $21.72. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04. The company has a 50 day simple moving average of $20.49 and a two-hundred day simple moving average of $19.37.

PG&E (NYSE:PCG) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts anticipate that PG&E will post 1.36 earnings per share for the current year.

PG&E Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.025 dividend. This is an increase from PG&E’s previous quarterly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Tuesday, December 31st. PG&E’s payout ratio is presently 7.81%.

Analysts Set New Price Targets

PCG has been the subject of several research analyst reports. Bank of America started coverage on shares of PG&E in a research note on Thursday, September 12th. They issued a “buy” rating and a $24.00 price objective for the company. Mizuho lifted their price target on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. UBS Group dropped their price target on PG&E from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Jefferies Financial Group assumed coverage on shares of PG&E in a report on Monday, October 14th. They set a “buy” rating and a $24.00 price objective for the company. Finally, Barclays decreased their price target on PG&E from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.80.

Insider Transactions at PG&E

In related news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the transaction, the chief executive officer now directly owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

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.