PG&E Corporation (PCG)
| Market Cap | 38.26B |
| Revenue (ttm) | 24.08B |
| Net Income (ttm) | 2.41B |
| Shares Out | 2.14B |
| EPS (ttm) | 1.12 |
| PE Ratio | 15.98 |
| Forward PE | 13.11 |
| Dividend | $0.04 (0.22%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 11,778,919 |
| Open | 17.74 |
| Previous Close | 17.84 |
| Day's Range | 17.74 - 18.00 |
| 52-Week Range | 14.71 - 18.32 |
| Beta | 1.26 |
| Analysts | Buy |
| Price Target | 19.20 (+7.26%) |
| Earnings Date | Apr 25, 2024 |
About 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 di... [Read more]
Financial Performance
In 2023, PCG's revenue was $24.43 billion, an increase of 12.68% compared to the previous year's $21.68 billion. Earnings were $2.24 billion, an increase of 24.56%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for PCG stock is "Buy." The 12-month stock price forecast is $19.2, which is an increase of 7.26% from the latest price.
News
PG&E in talks with KKR to sell interest in Pacific Generation
PG&E said on Tuesday it had entered into exclusive negotiations to sell a minority interest in Pacific Generation to KKR & Co's unit, as the utility firm seeks funding to improve its energy grid.
PG&E Nears Deal With KKR for Stake in Power Business Spinoff
The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.
PG&E beats quarterly profit view, raises annual forecast
Power company PG&E Corp beat Wall Street estimates for first-quarter profit and raised its full-year earnings forecast on Thursday, helped by lower operating expenses, wildfire-related costs and highe...
PG&E Corporation Reports First-Quarter Results; On Track to Deliver Solid 2024
OAKLAND, Calif. , April 25, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid 2024 results.
PG&E Customers' Electricity 100% Greenhouse Gas-Free in 2023
GHG-Free Electricity Deliveries Included 53% Nuclear, 34% Eligible-Renewable Resources and 13% Hydroelectric PG&E has brought online more than 2,100 megawatts of new battery storage capacity to help i...
Nearly 5,000 Nonprofits and Schools Benefit from Charitable Contributions from PG&E and The PG&E Corporation Foundation
PG&E, The PG&E Corporation Foundation and PG&E Coworkers Contributed a Total of More than $31 Million in 2023 OAKLAND, Calif. , April 19, 2024 /PRNewswire/ -- PG&E and The PG&E Corporation Foundation ...
Statewide Partnership Aims to Deliver More Clean Energy Faster to Californians and Support State Climate Goals
CEC, CPUC, CAISO, PG&E, SCE and UC Berkeley Apply for $2 Billion DOE Grant to Increase Grid Capacity and Renewable Energy While Lowering Costs for Customers OAKLAND, Calif. and ROSEMEAD, Calif.
Multiplying Aid: REACH Triple Match Provides Energy Bill Assistance to Larger Group of Income-Eligible PG&E Customers
Qualifying Customers Can Receive Up to $1,000 Bill Credit by Making a Payment OAKLAND, Calif. , April 16, 2024 /PRNewswire/ -- To help support more customers facing past-due energy bills, Pacific Gas ...
The PG&E Corporation Foundation and PG&E Offering $900,000 in Grants for Environmental Stewardship and Climate Resilience Projects
Open to Government, Educational, Nonprofit Organizations; Deadline to Apply is June 7 OAKLAND, Calif. , April 10, 2024 /PRNewswire/ -- The PG&E Corporation Foundation (PG&E Foundation) and Pacific Gas...
When an Earthquake Strikes, Will Your Family Be Ready? Take Time During California Earthquake Preparedness Month to Shake-Proof Your Home and Business
Experts say it's a matter of when not if the next earthquake strikes OAKLAND, Calif. , April 8, 2024 /PRNewswire/ -- After 23 years of studying the science and impacts of earthquakes, Megan Stanton kn...
From Miles Above, Satellite Data Helps Spot Hazardous Trees and Reduce Wildfire Risk
PG&E Expands Contract with Planet to use Satellite Data to Complement Vegetation Management Work OAKLAND, Calif. , April 8, 2024 /PRNewswire/ -- Preventing ignitions that can cause catastrophic wildfi...
Planning a Project that Involves Digging? Call 811 to Know What's Below Before You Start
Damaging an underground utility line while digging can result in thousands of dollars in repair costs SAN FRANCISCO , April 1, 2024 /PRNewswire/ -- With the arrival of warmer weather months, homeowne...
Power up: PG&E says electricity plan can boost Silicon Valley innovation and economy
PG&E is pushing forward with quests to help bolster Silicon Valley's economy and innovation future, including major South Bay and East Bay electricity projects, utility officials have said.
PG&E Corporation Schedules First Quarter 2024 Earnings Release and Conference Call
OAKLAND, Calif. , March 27, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, April 25, 2024, at 11:00 a.m.
Final Trades: Boeing, PG&E, Nvidia & DBC
The Investment committee give you their top stocks to watch for the second half.
PG&E Customers to Receive Up to $140.63 California Climate Credit on Spring Energy Bill
California's Cap-and-Trade Program Continues to Benefit PG&E Customers through the California Climate Credit OAKLAND, Calif. , March 11, 2024 /PRNewswire/ -- In April, more than five million Pacific ...
PG&E Mobilizes for Potent Storm System Arriving Late This Week
Time to prepare is now as after rain and wind Thursday and Friday, snow could fall as low as 2,000 feet with several feet of accumulation over 5,000 feet National Weather Service has issued a Blizzar...
PG&E posts strong Q4 earnings after raising rates
CNBC's Jane Fraser reports on the company's quarterly earnings results.
PG&E beats fourth-quarter profit estimates on higher electricity rates
PG&E Corp posted fourth-quarter profit above analyst estimates on Thursday, as the electric and natural gas utility got a boost from higher rates for its services.
PG&E Corporation Delivers High End of Guidance for Full-Year 2023 and Increases 2024 Earnings Guidance
GAAP earnings were $1.05 per share for the year and $0.43 per share for the fourth quarter of 2023, compared to earnings of $0.84 and $0.24 per share, respectively, for the same periods in 2022. Non-G...
PG&E Identifies More than 20 Climate-Tech Solutions Aimed at Achieving a Clean Energy Future
PG&E's Innovation Journey in 2024 features Refreshed Portfolio of Emerging Technology Projects to Address Grid Challenges Outlined in the Company's R&D Strategy OAKLAND, Calif. , Feb. 21, 2024 /PRNews...
Dates Set for PG&E Quarterly Stock Dividends
OAKLAND, Calif. , Feb. 14, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) declared its first-quarter 2024 regular cash dividend of $0.01 per share on the Corporation's common stock.
PG&E to Customers: Let Hearts Soar on Valentine's Day, Not Metallic Balloons
OAKLAND, Calif. , Feb. 12, 2024 /PRNewswire/ -- With Valentine's Day fast approaching, Pacific Gas and Electric Company (PG&E) reminds customers that sparks – and not just the romantic kind – can fly ...
Public utilities fall short on wildfire mitigation, putting residents and shareholders at risk
CNBC found evidence of safety shortcomings in the public utility sector and a lack of state oversight.
PG&E Mobilizes for Atmospheric River Storm This Weekend
Updated website provides faster, more complete outage information OAKLAND, Calif. , Feb. 2, 2024 /PRNewswire/ -- With many customers still drying out from rains earlier this week, Pacific Gas and Elec...