FY2028 Earnings Estimate for PCG Issued By Seaport Res Ptn

Key Points

• Seaport Res Ptn forecasts Pacific Gas & Electric Co. will earn $1.94 per share for FY2028, surpassing the consensus estimate of $1.49 per share for the current full year.
• Pacific Gas & Electric's recent stock ratings include a downgrade from BMO Capital Markets and upgrades from Argus, with a current consensus rating of "Moderate Buy" and an average target price of $20.55.
• The company has declared a quarterly dividend of $0.025 per share, reflecting an annualized dividend yield of 0.71%, with a dividend payout ratio of 9.17%.

Pacific Gas & Electric Co. (NYSE:PCG - Free Report) - Seaport Res Ptn issued their FY2028 earnings per share (EPS) estimates for Pacific Gas & Electric in a research note issued on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will post earnings of $1.94 per share for the year. The consensus estimate for Pacific Gas & Electric's current full-year earnings is $1.49 per share.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The company had revenue of $5.90 billion for the quarter, compared to analysts' expectations of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.26% and a net margin of 9.95%. Pacific Gas & Electric's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS.

Several other research firms have also weighed in on PCG. Morgan Stanley set a $18.00 price objective on Pacific Gas & Electric and gave the company an "underweight" rating in a research note on Thursday, May 22nd. Mizuho lifted their target price on Pacific Gas & Electric from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Barclays reduced their price objective on Pacific Gas & Electric from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, July 22nd. Jefferies Financial Group boosted their price objective on Pacific Gas & Electric from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Evercore ISI boosted their price target on Pacific Gas & Electric from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.55.

Pacific Gas & Electric Price Performance

Shares of PCG traded up $0.11 during trading hours on Thursday, reaching $14.13. 27,502,809 shares of the company traded hands, compared to its average volume of 22,902,908. The company has a quick ratio of 0.90, a current ratio of 0.95 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $37.80 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.54. Pacific Gas & Electric has a fifty-two week low of $12.97 and a fifty-two week high of $21.72. The stock has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $15.85.

Institutional Trading of Pacific Gas & Electric

Institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its stake in shares of Pacific Gas & Electric by 70.3% in the fourth quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock valued at $944,540,000 after buying an additional 19,317,171 shares during the period. Sessa Capital IM L.P. acquired a new stake in Pacific Gas & Electric in the first quarter valued at $320,984,000. Canada Pension Plan Investment Board increased its holdings in Pacific Gas & Electric by 352.3% in the first quarter. Canada Pension Plan Investment Board now owns 19,172,519 shares of the utilities provider's stock valued at $329,384,000 after purchasing an additional 14,933,364 shares during the period. AQR Capital Management LLC increased its holdings in Pacific Gas & Electric by 317.2% in the first quarter. AQR Capital Management LLC now owns 16,464,333 shares of the utilities provider's stock valued at $280,305,000 after purchasing an additional 12,518,011 shares during the period. Finally, ATLAS Infrastructure Partners UK Ltd. increased its holdings in Pacific Gas & Electric by 193.4% in the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 10,428,328 shares of the utilities provider's stock valued at $179,159,000 after purchasing an additional 6,873,576 shares during the period. 78.56% of the stock is currently owned by institutional investors.

Pacific Gas & Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 30th. Pacific Gas & Electric's payout ratio is 9.17%.

About Pacific Gas & Electric

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.