PG&E (NYSE:PCG) Releases 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 Price Performance

Shares of PG&E stock opened at $20.14 on Friday. The stock has a market capitalization of $52.67 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.51 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02. PG&E has a 1-year low of $15.94 and a 1-year high of $21.72. The firm has a fifty day simple moving average of $20.49 and a 200-day simple moving average of $19.36.

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

PG&E Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, December 31st. 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%. PG&E’s dividend payout ratio (DPR) is 7.81%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PCG. Barclays decreased their price objective on PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Morgan Stanley lifted their price target on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America began 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. UBS Group decreased their target price on shares of PG&E from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Mizuho increased their price target on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.80.

Insiders Place Their Bets

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the completion of the sale, the chief executive officer now directly owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.