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

PG&E Co. (NYSE:PCG) – Analysts at Zacks Research raised their FY2025 earnings estimates for shares of PG&E in a report issued on Monday, July 22nd. Zacks Research analyst A. Dutta now expects that the utilities provider will post earnings per share of $1.48 for the year, up from their previous estimate of $1.47. The consensus estimate for PG&E’s current full-year earnings is $1.35 per share.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue for the quarter was down 5.6% on a year-over-year basis.

PCG has been the subject of a number of other reports. The Goldman Sachs Group started coverage on shares of PG&E in a research note on Wednesday, April 10th. They set a “buy” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised shares of PG&E from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Monday, June 10th. Morgan Stanley reduced their price objective on shares of PG&E from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Barclays increased their price target on shares of PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Mizuho increased their price target on shares of PG&E from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and an average target price of $20.22.

PG&E Price Performance

PCG stock opened at $18.25 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 2.08. PG&E has a one year low of $14.71 and a one year high of $18.95. The firm has a market capitalization of $52.55 billion, a PE ratio of 16.29 and a beta of 1.08. The firm has a 50-day moving average of $17.98 and a two-hundred day moving average of $17.24.

Hedge Funds Weigh In On PG&E

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System grew its stake in shares of PG&E by 0.9% in the second quarter. New York State Teachers Retirement System now owns 1,946,642 shares of the utilities provider’s stock worth $33,988,000 after acquiring an additional 17,309 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in PG&E during the second quarter worth $214,000. Fifth Third Bancorp boosted its stake in PG&E by 17.9% during the second quarter. Fifth Third Bancorp now owns 31,109 shares of the utilities provider’s stock worth $543,000 after buying an additional 4,716 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in PG&E by 0.6% during the second quarter. Nisa Investment Advisors LLC now owns 342,332 shares of the utilities provider’s stock worth $5,981,000 after buying an additional 1,960 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of PG&E by 19.2% during the second quarter. Raymond James & Associates now owns 938,193 shares of the utilities provider’s stock valued at $16,381,000 after acquiring an additional 151,081 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Activity at PG&E

In related news, CEO Patricia K. Poppe sold 59,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $17.08, for a total transaction of $1,007,720.00. Following the transaction, the chief executive officer now owns 1,515,777 shares of the company’s stock, valued at $25,889,471.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

PG&E Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.22%. The ex-dividend date was Friday, June 28th. PG&E’s payout ratio is presently 3.57%.

PG&E Company Profile

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.