Seaport Res Ptn Has Bullish Forecast for PCG FY2025 Earnings

Key Points

• Analysts at Seaport Res Ptn have raised their FY2025 earnings estimate for Pacific Gas & Electric to $1.50 per share, slightly above the previous estimate of $1.49.
• The company recently declared a quarterly dividend of $0.025 per share, equating to an annual yield of 0.72%.
• Pacific Gas & Electric's stock maintains a moderate buy rating from analysts, with an average price target of $20.55.

Pacific Gas & Electric Co. (NYSE:PCG - Free Report) - Analysts at Seaport Res Ptn upped their FY2025 EPS estimates for Pacific Gas & Electric in a research note issued on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $1.50 for the year, up from their prior forecast of $1.49. The consensus estimate for Pacific Gas & Electric's current full-year earnings is $1.49 per share. Seaport Res Ptn also issued estimates for Pacific Gas & Electric's FY2026 earnings at $1.63 EPS.

PCG has been the topic of a number of other research reports. BMO Capital Markets dropped their price objective on shares of Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Morgan Stanley set a $18.00 price target on shares of Pacific Gas & Electric and gave the company an "underweight" rating in a research note on Thursday, May 22nd. Argus upgraded Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. Jefferies Financial Group raised their target price 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, Guggenheim lifted their target price on Pacific Gas & Electric from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.55.

Pacific Gas & Electric Stock Performance

PCG stock traded up $0.11 during mid-day trading on Wednesday, reaching $14.13. The company had a trading volume of 27,502,809 shares, compared to its average volume of 22,902,908. Pacific Gas & Electric has a one year low of $12.97 and a one year high of $21.72. The stock has a market capitalization of $37.80 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.04 and a beta of 0.54. 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's 50-day simple moving average is $14.44 and its two-hundred day simple moving average is $15.85.

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

Pacific Gas & Electric Dividend Announcement

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

Institutional Trading of Pacific Gas & Electric

Institutional investors have recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in Pacific Gas & Electric in the 1st quarter valued at about $31,000. True Wealth Design LLC raised its holdings in shares of Pacific Gas & Electric by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock worth $37,000 after purchasing an additional 1,690 shares in the last quarter. Colonial Trust Co SC lifted its stake in Pacific Gas & Electric by 563.0% during the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 1,627 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Pacific Gas & Electric by 45.0% during the first quarter. Deseret Mutual Benefit Administrators now owns 2,173 shares of the utilities provider's stock worth $37,000 after buying an additional 674 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in Pacific Gas & Electric in the first quarter worth approximately $39,000. Institutional investors and hedge funds own 78.56% of the company's stock.

Pacific Gas & Electric Company Profile

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.