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

PG&E (NYSE:PCG) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.47-1.51 for the period, compared to the consensus estimate of $1.49. PG&E also updated its FY24 guidance to $1.34-1.37 EPS.

PG&E Stock Performance

NYSE PCG opened at $21.63 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. PG&E has a 1-year low of $15.94 and a 1-year high of $21.72. The business has a 50 day simple moving average of $20.44 and a two-hundred day simple moving average of $19.14. The stock has a market capitalization of $56.57 billion, a PE ratio of 16.90, a P/E/G ratio of 1.66 and a beta of 1.03.

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

PG&E Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. PG&E’s dividend payout ratio (DPR) is presently 3.13%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Bank of America assumed coverage on PG&E in a research report on Thursday, September 12th. They issued a “buy” rating and a $24.00 price target for the company. Barclays lifted their target price on PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Morgan Stanley increased their price target on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. UBS Group raised their price target on PG&E from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Mizuho boosted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and an average target price of $23.10.

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.