Should I buy or sell PG&E stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCG shares. View PCG analyst ratings or view top-rated stocks .

What is PG&E's stock price target for 2024?

10 Wall Street research analysts have issued 1-year price targets for PG&E's stock. Their PCG share price targets range from $14.00 to $21.00. On average, they predict the company's stock price to reach $18.63 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View analysts price targets for PCG or view top-rated stocks among Wall Street analysts .

How have PCG shares performed in 2023?

PG&E's stock was trading at $16.26 at the beginning of the year. Since then, PCG stock has increased by 6.4% and is now trading at $17.30. View the best growth stocks for 2023 here .

When is PG&E's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our PCG earnings forecast .

How were PG&E's earnings last quarter?

PG&E Co. (NYSE:PCG) issued its quarterly earnings data on Thursday, October, 26th. The utilities provider reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by $0.04. The utilities provider had revenue of $5.89 billion for the quarter, compared to analysts' expectations of $5.48 billion. PG&E had a net margin of 8.13% and a trailing twelve-month return on equity of 9.21%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share.

How often does PG&E pay dividends? What is the dividend yield for PG&E?

PG&E declared a quarterly dividend on Tuesday, November 28th. Shareholders of record on Friday, December 29th will be given a dividend of $0.01 per share on Monday, January 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, December 28th. Read our dividend analysis for PCG .

What ETFs hold PG&E's stock?

ETFs with the largest weight of PG&E (NYSE:PCG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR) , Adaptiv Select ETF (ADPV) , Leatherback Long/Short Alternative Yield ETF (LBAY) , Virtus Reaves Utilities ETF (UTES) , Invesco Dorsey Wright Utilities Momentum ETF (PUI) , Invesco S&P 500 Equal Weight Utilities ETF (RSPU) , First Trust Utilities AlphaDEX Fund (FXU) and Invesco S&P 500 Equal Weight Utilities ETF (RYU) .

What guidance has PG&E issued on next quarter's earnings?

PG&E issued an update on its FY24 earnings guidance on Tuesday, November, 28th. The company provided earnings per share (EPS) guidance of $1.31-1.35 for the period, compared to the consensus earnings per share estimate of $1.35.

What is William D. Johnson's approval rating as PG&E's CEO?

60 employees have rated PG&E Chief Executive Officer William D. Johnson on Glassdoor.com . William D. Johnson has an approval rating of 80% among the company's employees.

What other stocks do shareholders of PG&E own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PG&E investors own include General Electric (GE) , Intel (INTC) , AT&T (T) , Pfizer (PFE) , Johnson & Johnson (JNJ) , Cisco Systems (CSCO) , NVIDIA (NVDA) , Procter & Gamble (PG) , Walt Disney (DIS) and JPMorgan Chase & Co. (JPM) .

Who are PG&E's major shareholders?

PG&E's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (6.74%), Massachusetts Financial Services Co. MA (3.20%), Third Point LLC (2.18%), Deutsche Bank AG (1.29%), Deutsche Bank AG (1.26%) and Ameriprise Financial Inc. (1.16%). Insiders that own company stock include Arno Lockheart Harris , Carolyn Jeanne Burke , Cheryl F Campbell , Patricia K Poppe , Pg&E Fire Victim Trust and Robert C Flexon . View institutional ownership trends .

How do I buy shares of PG&E?

Shares of PCG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

PG&E Stock Price, News & Analysis (NYSE:PCG)

$17.42

+0.25 (+1.46%)

(As of 03:34 PM ET)

Compare

Today's Range: $17.05
▼
$17.42
50-Day Range: $15.18
▼
$18.00
52-Week Range: $14.71
▼
$18.19

Volume: 14.72 million shs
Average Volume: 16.34 million shs
Market Capitalization: $45.49 billion

P/E Ratio: 20.26
Dividend Yield: N/A
Price Target: $18.63

PG&E MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 7.7% Upside
$18.63 Price Target
Short Interest: Healthy
1.55% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.26
Based on 26 Articles This Week
Insider Trading: Selling Shares
$169,000 Sold Last Quarter
Proj. Earnings Growth: 11.57%
From $1.21 to $1.35 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Utilities Sector

61st out of 85 stocks

Electric & Other Services Combined Industry

14th out of 19 stocks

1.3

Analyst's Opinion

Consensus Rating
PG&E has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.63, PG&E has a forecasted upside of 7.7% from its current price of $17.30.
Amount of Analyst Coverage
PG&E has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.55% of the outstanding shares of PG&E have been sold short.
Short Interest Ratio / Days to Cover
PG&E has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PG&E has recently decreased by 1.32%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
PG&E does not currently pay a dividend.
Dividend Growth
PG&E does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PCG.

2.9

News and Social Media Coverage

News Sentiment
PG&E has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 26 news articles for PG&E this week, compared to 10 articles on an average week.
Search Interest
13 people have searched for PCG on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.
MarketBeat Follows
12 people have added PG&E to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PG&E insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $169,000.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of PG&E is held by insiders.
Percentage Held by Institutions
74.35% of the stock of PG&E is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for PG&E are expected to grow by 11.57% in the coming year, from $1.21 to $1.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PG&E is 20.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of PG&E is 20.12, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.51.
Price to Earnings Growth Ratio
PG&E has a PEG Ratio of 5.65. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PG&E has a P/B Ratio of 1.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PG&E Stock (NYSE:PCG)

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. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is based in Oakland, California.

PCG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PCG Stock News Headlines

December 1, 2023 | americanbankingnews.com

FY2025 EPS Estimates for PG&E Co. (NYSE:PCG) Decreased by Analyst

November 30, 2023 | cbsnews.com

CPUC delays PG&E Dixie Fire settlement, orders changes following other fires

December 1, 2023 | Edge On The Street (Ad)

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November 30, 2023 | investing.com

PG&E Leads Convertible Bond Surge with Record $1.9 Billion Issue

November 30, 2023 | finance.yahoo.com

PG&E’s $2 Billion Convertible Bond Shows Revival in Full Swing

November 30, 2023 | msn.com

PG&E prices offering of upsized $1.9B convertible notes

November 30, 2023 | finance.yahoo.com

PG&E Corporation Announces Upsize and Pricing of $1.9 Billion Convertible Senior Secured Notes due 2027 to Prepay Portion of Existing Term Loan

November 29, 2023 | markets.businessinsider.com

PG&E Announces Offering Of $1.5 Bln Convertible Sr. Notes

December 1, 2023 | DTI Trader (Ad)

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November 29, 2023 | finance.yahoo.com

PG&E Corporation Announces Proposed Offering of $1.5 Billion Convertible Senior Secured Notes due 2027 to Repay Portion of Existing Term Loan

November 28, 2023 | seekingalpha.com

PG&E Corporation (PCG) PG&E Corporation Business Update Call (Transcript)

November 28, 2023 | msn.com

PG&E’s stock powers up toward a 4-year high after plan to pay first dividend in more than 6 years

November 28, 2023 | msn.com

PG&E declares dividend for first time in six years

November 28, 2023 | finance.yahoo.com

PG&E Corporation Reinstates Common Stock Dividend

November 28, 2023 | finance.yahoo.com

PG&E Reinstates Dividend for First Time Since 2017. It’s a Penny a Share.

November 28, 2023 | americanbankingnews.com

PG&E (NYSE:PCG) Cut to Sell at StockNews.com

November 25, 2023 | finance.yahoo.com

Natural-Gas Pipelines Are Old. Will Regulators Let Utilities Invest in Them?

November 21, 2023 | bizjournals.com

Daily Digest: SEC cracks down on Kraken; X sues Media Matters

November 21, 2023 | finance.yahoo.com

Gratitude in Every Watt: Feast on Savings with an Energy Efficient Thanksgiving

November 21, 2023 | americanbankingnews.com

PG&E (NYSE:PCG) Upgraded to Hold by StockNews.com

November 21, 2023 | msn.com

Humboldt, Lake County organizations to receive $225K from PG&E

November 20, 2023 | finance.yahoo.com

PG&E Coworkers Celebrate Holiday Season Giving Back Through Volunteerism in Hometowns

November 20, 2023 | finance.yahoo.com

California Supreme Court says PG&E can't be sued over safety-related power shutoffs

November 19, 2023 | msn.com

More than 3,500 lose power in Calaveras County, PG&E outage map says

November 19, 2023 | msn.com

More than 2,600 customers without power in Bay Area, PG&E says

November 19, 2023 | msn.com

PG&E urges winter safety measures: Enhanced powerline settings reportedly reduce fire risk by 68%

November 18, 2023 | msn.com

PG&E outage: More than 1,500 customers without power in Bay Area

See More Headlines

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Company Calendar

Last Earnings: 10/26/2023
Today: 12/01/2023
Ex-Dividend for 1/15 Dividend: 12/28/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/15/2024
Next Earnings (Estimated): 2/22/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric & other services combined
Sub-Industry: Multi-Utilities
Sector: Utilities
Current Symbol: NYSE:PCG
CUSIP: 69331C10
CIK: 1004980
Web: www.pgecorp.com
Phone: (415) 973-1000
Fax: 415-973-8719
Employees: 26,010
Year Founded: 1905

Price Target and Rating

Average Stock Price Target: $18.63
High Stock Price Target: $21.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +8.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.86
Trailing P/E Ratio: 19.95
Forward P/E Ratio: 14.18
P/E Growth: 5.65
Net Income: $1.81 billion
Net Margins: 8.13%
Pretax Margin: 0.18%
Return on Equity: 9.21%
Return on Assets: 1.82%

Debt

Debt-to-Equity Ratio: 2.09
Current Ratio: 0.84
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $21.68 billion
Price / Sales: 2.07
Cash Flow: $2.52 per share
Price / Cash Flow: 6.82
Book Value: $9.34 per share
Price / Book: 1.84

Miscellaneous

Outstanding Shares: 2,611,250,000
Free Float: 2,609,685,000
Market Cap: $44.81 billion
Optionable: Optionable
Beta: 1.15

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Key Executives

Ms. Patricia Kessler Poppe (Age 54)
CEO & Director
Comp: $4.04M
Mr. John R. Simon (Age 58)
Executive VP, General Counsel and Chief Ethics & Compliance Officer
Comp: $1.57M
Ms. Carolyn J. Burke (Age 56)
CFO & Executive VP
Mr. Ajay Waghray (Age 61)
Executive VP & Chief Information Officer
Mr. Jonathan P. Arnold
Vice President of Investor Relations
Mr. James A. Mesterharm (Age 55)
Chief Restructuring Officer
Ms. Carla J. Peterman (Age 44)
Executive Vice President of Corporate Affairs & Chief Sustainability Officer
Mr. Matthew B. Hayes
VP of Enterprise Health & Safety and Chief Safety Officer
Ms. Margaret K. Becker (Age 41)
VP & Treasurer
Ms. Stephanie N. Williams (Age 40)
Vice President and Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy PG&E Stock? PCG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of PG&E was last updated on Tuesday, November 28, 2023 at 9:22 AM.

Pros

Here are some ways that investors could benefit from investing in PG&E Co.:

Pengana Capital Group is a funds management group specializing in listed equities.
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.
PG&E Co. operates as a public utility company, providing electricity and natural gas to residential, commercial, industrial, and natural gas-fired electric generation facilities.
The company has a long history, being incorporated in 1905.
PG&E Co. is based in Oakland, California.

Cons

Investors should be bearish about investing in PG&E Co. for these reasons:

There is no specific con reason available for PG&E Co. at the moment.

PCG Stock Analysis - Frequently Asked Questions

Should I buy or sell PG&E stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PCG shares.
View PCG analyst ratings or view top-rated stocks.
What is PG&E's stock price target for 2024?: 10 Wall Street research analysts have issued 1-year price targets for PG&E's stock. Their PCG share price targets range from $14.00 to $21.00. On average, they predict the company's stock price to reach $18.63 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for PCG or view top-rated stocks among Wall Street analysts.
How have PCG shares performed in 2023?: PG&E's stock was trading at $16.26 at the beginning of the year. Since then, PCG stock has increased by 6.4% and is now trading at $17.30.
View the best growth stocks for 2023 here.
When is PG&E's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our PCG earnings forecast.
How were PG&E's earnings last quarter?: PG&E Co. (NYSE:PCG) issued its quarterly earnings data on Thursday, October, 26th. The utilities provider reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by $0.04. The utilities provider had revenue of $5.89 billion for the quarter, compared to analysts' expectations of $5.48 billion. PG&E had a net margin of 8.13% and a trailing twelve-month return on equity of 9.21%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share.
How often does PG&E pay dividends? What is the dividend yield for PG&E?: PG&E declared a quarterly dividend on Tuesday, November 28th. Shareholders of record on Friday, December 29th will be given a dividend of $0.01 per share on Monday, January 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for PCG.

What ETFs hold PG&E's stock?: ETFs with the largest weight of PG&E (NYSE:PCG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), Adaptiv Select ETF (ADPV), Leatherback Long/Short Alternative Yield ETF (LBAY), Virtus Reaves Utilities ETF (UTES), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), First Trust Utilities AlphaDEX Fund (FXU) and Invesco S&P 500 Equal Weight Utilities ETF (RYU).
What guidance has PG&E issued on next quarter's earnings?: PG&E issued an update on its FY24 earnings guidance on Tuesday, November, 28th. The company provided earnings per share (EPS) guidance of $1.31-1.35 for the period, compared to the consensus earnings per share estimate of $1.35.
What is William D. Johnson's approval rating as PG&E's CEO?: 60 employees have rated PG&E Chief Executive Officer William D. Johnson on Glassdoor.com. William D. Johnson has an approval rating of 80% among the company's employees.
What other stocks do shareholders of PG&E own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PG&E investors own include General Electric (GE), Intel (INTC), AT&T (T), Pfizer (PFE), Johnson & Johnson (JNJ), Cisco Systems (CSCO), NVIDIA (NVDA), Procter & Gamble (PG), Walt Disney (DIS) and JPMorgan Chase & Co. (JPM).
Who are PG&E's major shareholders?: PG&E's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (6.74%), Massachusetts Financial Services Co. MA (3.20%), Third Point LLC (2.18%), Deutsche Bank AG (1.29%), Deutsche Bank AG (1.26%) and Ameriprise Financial Inc. (1.16%). Insiders that own company stock include Arno Lockheart Harris, Carolyn Jeanne Burke, Cheryl F Campbell, Patricia K Poppe, Pg&E Fire Victim Trust and Robert C Flexon.
View institutional ownership trends.
How do I buy shares of PG&E?: Shares of PCG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:PCG) was last updated on 12/1/2023 by MarketBeat.com Staff

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PG&E Stock Price, News & Analysis (NYSE:PCG)

PG&E MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About PG&E Stock (NYSE:PCG)

PCG Stock Price History

PCG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

Should I Buy PG&E Stock? PCG Pros and Cons Explained

Pros

Cons

PCG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™