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

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PCG shares. Bank of America began coverage on PG&E in a report on Thursday, September 12th. They set a “buy” rating and a $24.00 price target on the stock. Barclays lifted their target price on shares of PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Mizuho boosted their target price 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. Jefferies Financial Group started coverage on shares of PG&E in a report on Monday, October 14th. They set a “buy” rating and a $24.00 price target for the company. Finally, Morgan Stanley upped their price objective on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, PG&E presently has a consensus rating of “Moderate Buy” and an average price target of $23.10.

PG&E Price Performance

PCG opened at $21.63 on Monday. The stock’s 50-day moving average price is $20.44 and its 200 day moving average price is $19.14. PG&E has a 12-month low of $15.94 and a 12-month high of $21.72. The firm has a market cap of $56.57 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.66 and a beta of 1.03. 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 (NYSE:PCG) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that PG&E will post 1.36 earnings per share for the current year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Monday, September 30th. PG&E’s dividend payout ratio is currently 3.13%.

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.