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NYSE:PCG

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

$18.55
+0.27 (+1.48%)
(As of 05/31/2024 ET)
Today's Range
$18.29
$18.57
50-Day Range
$16.03
$18.92
52-Week Range
$14.71
$18.95
Volume
21.05 million shs
Average Volume
14.97 million shs
Market Capitalization
$53.40 billion
P/E Ratio
16.56
Dividend Yield
0.22%
Price Target
$19.75

PG&E MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
6.5% Upside
$19.75 Price Target
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.76mentions of PG&E in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$1.01 M Sold Last Quarter
Proj. Earnings Growth
8.89%
From $1.35 to $1.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.63 out of 5 stars

Utilities Sector

53rd out of 89 stocks

Electric & Other Services Combined Industry

12th out of 18 stocks

PCG stock logo

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. PG&E Corporation was incorporated in 1905 and is based in Oakland, California.

PCG Stock Price History

PCG Stock News Headlines

PG&E: Capital Hungry Name Lagging Industry Margins
PG&E (NYSE:PCG) PT Raised to $18.00
Dates Set for PG&E Quarterly Stock Dividends
Top Stock Reports for Broadcom, Merck & Airbnb
PG&E Recognized for Remote Grid Program
See More Headlines
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Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Last Earnings
4/25/2024
Today
5/31/2024
Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
69331C10
Employees
28,010
Year Founded
1905

Price Target and Rating

Average Stock Price Target
$19.75
High Stock Price Target
$23.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$2.26 billion
Pretax Margin
5.19%

Debt

Sales & Book Value

Annual Sales
$24.43 billion
Cash Flow
$2.50 per share
Book Value
$9.02 per share

Miscellaneous

Outstanding Shares
2,879,280,000
Free Float
2,874,958,000
Market Cap
$53.38 billion
Optionable
Optionable
Beta
1.26

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

Pros

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

  • PG&E reported earnings per share (EPS) that exceeded analysts' consensus estimates, indicating strong financial performance.
  • The company has a return on equity of 11.32%, showcasing its ability to generate profit from shareholders' equity.
  • PG&E's dividend announcement of $0.01 per share represents a 0.22% yield, providing potential income for investors.
  • Despite a decrease in revenue, PG&E's net margin of 10.05% suggests efficient cost management.
  • Analysts predict a positive EPS of 1.35 for the current fiscal year, indicating growth potential.

Cons

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

  • PG&E's revenue for the quarter was below consensus estimates, indicating potential challenges in revenue generation.
  • The company's payout ratio of 3.57% may limit future dividend growth or reinvestment in the business.
  • PG&E's stock price performance may be volatile due to regulatory and legal uncertainties surrounding the company.
  • The decrease in revenue by 5.6% on a year-over-year basis raises concerns about the company's ability to maintain stable growth.
  • Analyst ratings changes, including downgrades, may reflect market uncertainties and risks associated with investing in PG&E Co.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, May 30, 2024. Please send any questions or comments about these PG&E pros and cons to contact@marketbeat.com.

PCG Stock Analysis - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

7 brokers have issued 12 month price objectives for PG&E's stock. Their PCG share price targets range from $16.00 to $23.00. On average, they expect the company's share price to reach $19.75 in the next twelve months. This suggests a possible upside of 6.5% 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 2024?

PG&E's stock was trading at $18.03 on January 1st, 2024. Since then, PCG shares have increased by 2.9% and is now trading at $18.5450.
View the best growth stocks for 2024 here
.

When is PG&E's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our PCG earnings forecast
.

How were PG&E's earnings last quarter?

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

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

PG&E announced a quarterly dividend on Friday, May 17th. Investors of record on Friday, June 28th will be given a dividend of $0.01 per share on Monday, July 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, June 28th.
Read our dividend analysis for PCG
.

Is PG&E a good dividend stock?

PG&E (NYSE:PCG) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.22%. The dividend payout ratio is 3.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PCG will have a dividend payout ratio of 2.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PCG.

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

PG&E updated its FY24 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of $1.33-1.37 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.81%), JPMorgan Chase & Co. (4.38%), Capital International Investors (4.21%), Blackstone Inc. (1.68%), Price T Rowe Associates Inc. MD (1.36%) and Jennison Associates LLC (0.70%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PCG) was last updated on 5/31/2024 by MarketBeat.com Staff

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