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NYSE:PCG

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

$18.68
+0.05 (+0.27%)
(As of 08/21/2024 ET)
Today's Range
$18.56
$18.68
50-Day Range
$17.08
$18.68
52-Week Range
$14.71
$18.95
Volume
6.45 million shs
Average Volume
13.96 million shs
Market Capitalization
$53.78 billion
P/E Ratio
16.68
Dividend Yield
0.21%
Price Target
$20.44

PG&E MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
9.4% Upside
$20.44 Price Target
Short Interest
Healthy
1.13% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of PG&E in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$707,170 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

44th out of 93 stocks

Electric & Other Services Combined Industry

12th out of 17 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

$5k to $1.3m in just 3 trades
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
FY2024 EPS Estimates for PG&E Co. (NYSE:PCG) Lowered by Analyst
$5k to $1.3m in just 3 trades
It doesn’t happen often, but occasionally, something completely unique comes across my radar. In this case, I’m talking about legal “Insider Trading”. Traders who have consistently signaled 453% … 610% .. and even 1036%... gains. And until now they have been doing it completely under the radar. In an upcoming interview I am revealing the strategy behind this gold-mine and how you can piggy back their every trade.
PCG Aug 2024 19.000 call
PCG Mar 2025 15.000 call (PCG250321C00015000)
See More Headlines
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Company Calendar

Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Last Earnings
7/25/2024
Today
8/22/2024
Next Earnings (Estimated)
10/24/2024
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
$20.44
High Stock Price Target
$23.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+9.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$2.26 billion
Pretax Margin
7.18%

Debt

Sales & Book Value

Annual Sales
$24.78 billion
Cash Flow
$2.48 per share
Book Value
$10.14 per share

Miscellaneous

Outstanding Shares
2,879,277,000
Free Float
2,874,958,000
Market Cap
$53.78 billion
Optionable
Optionable
Beta
1.09

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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's stock price has been showing a positive trend, currently trading at $18.03, with a potential upside according to analysts.
  • PG&E reported earnings per share (EPS) of $0.31 for the quarter, surpassing analysts' estimates, indicating strong financial performance.
  • PG&E's revenue for the quarter was $5.99 billion, higher than analyst expectations, showcasing robust revenue growth.
  • PG&E's net margin of 10.22% and return on equity of 11.91% demonstrate the company's profitability and efficient use of shareholder equity.
  • PG&E's recent dividend announcement of $0.01 per share represents a stable dividend yield of 0.22%, providing income potential for investors.

Cons

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

  • PG&E's debt-to-equity ratio of 2.08 may raise concerns about the company's leverage and financial risk.
  • PG&E's beta of 1.08 indicates the stock's sensitivity to market movements, potentially leading to higher volatility.
  • PG&E's payout ratio of 3.57% suggests a relatively low dividend payout compared to other companies, limiting immediate income for investors.
  • PG&E's 52-week high of $18.95 may signal a near-term resistance level for the stock, impacting potential price appreciation.
  • PG&E's current ratio of 0.99 and quick ratio of 0.93 may indicate liquidity challenges, affecting the company's ability to meet short-term obligations.
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, August 15, 2024. Please send any questions or comments about these PG&E pros and cons to contact@marketbeat.com.

PCG Stock Analysis - Frequently Asked Questions

How have PCG shares performed this year?

PG&E's stock was trading at $18.03 at the beginning of 2024. Since then, PCG shares have increased by 3.6% and is now trading at $18.68.
View the best growth stocks for 2024 here
.

How were PG&E's earnings last quarter?

PG&E Co. (NYSE:PCG) issued its quarterly earnings results on Thursday, July, 25th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company's revenue for the quarter was up 13.2% on a year-over-year basis.

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.

Who are PG&E's major shareholders?

PG&E's top institutional investors include King Street Capital Management L.P. (4.30%), Massachusetts Financial Services Co. MA (3.54%), Ameriprise Financial Inc. (1.27%) and Legal & General Group Plc (0.66%). Insiders that own company stock include Pg&E Fire Victim Trust, Patricia K Poppe, Cheryl F Campbell, Robert C Flexon, Carolyn Jeanne Burke, Stephanie N Williams and Arno Lockheart Harris.
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.

What other stocks do shareholders of PG&E own?

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

This page (NYSE:PCG) was last updated on 8/22/2024 by MarketBeat.com Staff

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