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

PG&E (NYSE:PCG) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of 1.480-1.520 for the period, compared to the consensus estimate of 1.490. The company issued revenue guidance of -.

PG&E Stock Down 3.5 %

NYSE:PCG traded down $0.56 on Friday, reaching $15.30. 28,221,341 shares of the stock traded hands, compared to its average volume of 32,168,314. The company has a market capitalization of $40.00 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.09 and a beta of 0.99. 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 12 month low of $14.99 and a 12 month high of $21.72. The company’s fifty day simple moving average is $17.93 and its 200 day simple moving average is $19.19.

PG&E (NYSE:PCG) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. PG&E had a net margin of 11.11% and a return on equity of 12.51%. During the same period last year, the firm earned $0.47 earnings per share. Equities analysts predict that PG&E will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of PG&E in a report on Monday, January 13th. They set an “outperform” rating and a $21.00 price target on the stock. Mizuho lifted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. 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 report on Thursday, January 30th. Barclays cut their target price on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Morgan Stanley downgraded shares of PG&E from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $20.00 to $16.50 in a research report on Friday. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, PG&E presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.05.

Insider Buying and Selling at PG&E

In related news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

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.