PG&E (PCG) Projected to Post Quarterly Earnings on Thursday

PG&E (NYSE:PCG - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect PG&E to post earnings of $0.40 per share and revenue of $6.23 billion for the quarter. PG&E has set its FY 2025 guidance at 1.480-1.520 EPS.

PG&E (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $6.23 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. On average, analysts expect PG&E to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PG&E Stock Performance

PCG stock traded down $0.25 during mid-day trading on Friday, hitting $17.14. The company had a trading volume of 10,347,598 shares, compared to its average volume of 16,436,702. PG&E has a 12 month low of $14.99 and a 12 month high of $21.72. The stock's fifty day moving average price is $16.68 and its two-hundred day moving average price is $18.25. The firm has a market cap of $45.79 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.58%. PG&E's dividend payout ratio (DPR) is presently 9.17%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PCG. Guggenheim boosted their target price on PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. Jefferies Financial Group upped their price target on shares of PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays reduced their price objective on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, BMO Capital Markets reduced their price target on PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.32.

Insider Buying and Selling

In other news, Director Arno Lockheart Harris purchased 6,389 shares of the company's stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the purchase, the director now directly owns 14,864 shares in the company, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carla J. Peterman sold 32,521 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the transaction, the executive vice president now owns 183,635 shares of the company's stock, valued at $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

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.