Pacific Gas & Electric (NYSE:PCG) Releases FY 2025 Earnings Guidance

Key Points

• Pacific Gas & Electric has updated its FY 2025 earnings guidance, predicting earnings per share between 1.480 and 1.520, slightly above analysts' consensus estimate of 1.500.
• Recent ratings changes included upgrades, such as Zacks moving the stock from "strong sell" to "hold," while UBS Group lowered its price target from $19.00 to $17.00.
• Pacific Gas & Electric’s stock was trading at $14.89, with a market cap of $39.85 billion and a PE ratio of 13.66 as of the latest report.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of 1.480-1.520 for the period, compared to the consensus EPS estimate of 1.500. The company issued revenue guidance of -.

Pacific Gas & Electric Trading Up 0.9%

Shares of PCG traded up $0.13 during midday trading on Tuesday, reaching $14.80. The company had a trading volume of 6,817,177 shares, compared to its average volume of 23,843,654. Pacific Gas & Electric has a 1-year low of $12.97 and a 1-year high of $21.72. The stock has a market cap of $39.59 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. The firm has a 50 day simple moving average of $14.74 and a 200-day simple moving average of $15.62. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.81.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.02). The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.37 billion. Pacific Gas & Electric had a return on equity of 10.13% and a net margin of 9.95%.The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. Pacific Gas & Electric has set its FY 2025 guidance at 1.480-1.520 EPS. Research analysts forecast that Pacific Gas & Electric will post 1.49 EPS for the current fiscal year.

Pacific Gas & Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Pacific Gas & Electric's dividend payout ratio (DPR) is presently 9.17%.

Wall Street Analyst Weigh In

PCG has been the subject of a number of recent analyst reports. Morgan Stanley raised Pacific Gas & Electric from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $19.00 to $20.00 in a research report on Thursday, September 18th. Barclays cut 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. Argus raised Pacific Gas & Electric to a "hold" rating in a research report on Monday, June 16th. Zacks Research raised Pacific Gas & Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Finally, UBS Group dropped their target price on Pacific Gas & Electric from $19.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, September 18th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $20.20.

Institutional Investors Weigh In On Pacific Gas & Electric

Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in Pacific Gas & Electric in the first quarter valued at approximately $203,000. Empowered Funds LLC lifted its stake in Pacific Gas & Electric by 16.4% in the first quarter. Empowered Funds LLC now owns 46,936 shares of the utilities provider's stock valued at $806,000 after buying an additional 6,601 shares during the last quarter. Focus Partners Wealth lifted its stake in Pacific Gas & Electric by 93.0% in the first quarter. Focus Partners Wealth now owns 83,816 shares of the utilities provider's stock valued at $1,440,000 after buying an additional 40,380 shares during the last quarter. Woodline Partners LP lifted its stake in Pacific Gas & Electric by 41.2% in the first quarter. Woodline Partners LP now owns 185,324 shares of the utilities provider's stock valued at $3,184,000 after buying an additional 54,033 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Pacific Gas & Electric by 499.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 433,064 shares of the utilities provider's stock valued at $6,037,000 after buying an additional 360,845 shares during the last quarter. Hedge funds and other institutional investors 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.