PG&E Corporation (PCG)
| Market Cap | 45.10B |
| Revenue (ttm) | 24.83B |
| Net Income (ttm) | 2.75B |
| Shares Out | 2.14B |
| EPS (ttm) | 1.28 |
| PE Ratio | 16.49 |
| Forward PE | 14.99 |
| Dividend | $0.04 (0.19%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 10,023,894 |
| Open | 20.97 |
| Previous Close | 21.00 |
| Day's Range | 20.96 - 21.29 |
| 52-Week Range | 15.94 - 21.51 |
| Beta | 1.03 |
| Analysts | Strong Buy |
| Price Target | 22.64 (+7.3%) |
| Earnings Date | Nov 7, 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, PG&E Corporation'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 11 analysts, the average rating for PCG stock is "Strong Buy." The 12-month stock price forecast is $22.64, which is an increase of 7.30% from the latest price.
News
On Utility Scam Awareness Day, PG&E Helps Customers Recognize and Avoid Utility Scams
During 2024, PG&E customers have lost over $334,000 to scammers OAKLAND, Calif. , Nov. 20, 2024 /PRNewswire/ -- As the holiday season ramps up, scammers are also ramping up their efforts to target con...
Ahead of First Atmospheric River of the Season, PG&E Readies Resources, Crews to Support Customers and Hometowns
OAKLAND, Calif. , Nov. 19, 2024 /PRNewswire/ -- Ahead of the first significant storm of the season, Pacific Gas and Electric Company (PG&E) has mobilized crews and resources in key regions to respond ...
PG&E Reaches Significant Undergrounding Milestone, Burying More Than 800 Miles of Lines in High Wildfire-Risk Areas
Customers in 27 Counties Now Benefit from Newly Installed Underground Powerlines that Improve Reliability and Eliminate Nearly All Wildfire Risk in a Given Location OAKLAND, Calif. , Nov. 15, 2024 ...
Itron and PG&E Collaborate to Enable Real-Time Control of Electric Vehicle Charging with Grid Edge Intelligence
Innovative EV Connect Program Makes EV Charging More Accessible and Affordable for Customers LIBERTY LAKE, Wash. and SAN JOSE, Calif.
PG&E Launches First Commercial Deployment of On-Site Generative AI Solution for the Nuclear Energy Sector at Diablo Canyon
Atomic Canyon's 'Neutron Enterprise' AI solution aims to revolutionize PG&E's approach to managing vast datasets associated with the operation of Diablo Canyon Power Plant SAN LUIS OBISPO, Calif. and ...
Westbank and PG&E Propose Net Zero Community in Downtown San Jose
Data Center Paired with Housing Development Meets City's Future Needs with Clean Energy Solution OAKLAND, Calif. , Nov. 13, 2024 /PRNewswire/ -- Today, a partnership led by real estate developer Westb...
With Winter Approaching, PG&E Offering Free Gas Appliance Safety Checks and Pilot Re-Lights
Customers can schedule appointments online to ensure gas appliances are in safe working condition OAKLAND, Calif. , Nov. 12, 2024 /PRNewswire/ -- To help customers prepare their gas appliances for saf...
PG&E: The Earnings Outlook Still Looks Good, Shares Undervalued
PG&E remains a bargain with a trailing 12-month operating P/E of 14.6, a 23% discount to the sector, and a favorable PEG ratio. Despite wildfire risks and past bankruptcies, PG&E's valuation is compel...
PG&E Corporation (PCG) Q3 2024 Earnings Call Transcript
PG&E Corporation (PCG) Q3 2024 Earnings Call Transcript
PG&E Corporation Reports Strong Third-Quarter Results; Strengthens 2024 Guidance; Initiates 2025 Guidance; Grows 5-Year Capital Plan
OAKLAND, Calif. , Nov. 7, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid financial results in 2024 and beyond: GAAP earnings were $0.27 per share for the third quarter ...
PG&E 2024 R&D Strategy Report: The AI-Enabled Utility
Updated R&D strategy highlights evolving utility technology needs Explores the potential of artificial intelligence to transform the energy system and enhance customer experience OAKLAND, Calif. , Nov...
Betting on Growth: 4 Favorite Stocks From T. Rowe Price's Peter Bates
The manager of the Global Select Equity Strategy looks for high margins, cash generation, competitive advantages, and a long runway of growth.
Ward off Energy Waste: Unmask Ghostly Gadgets, Save Energy and Money with Home Energy Efficiency Tricks
Identify and Defeat Phantom Power and Treat Your Energy Bill OAKLAND, Calif. , Oct. 22, 2024 /PRNewswire/ -- Silent energy suckers are scattered throughout your home and business, often hiding in plai...
PG&E 2024 Innovation Summit to Showcase Novel Climate-Tech Solutions, Additional Speakers Confirmed
Leaders from Eaton, GE Vernova, NVIDIA Added to High-Powered Speaker Lineup OAKLAND, Calif. , Oct. 21, 2024 /PRNewswire/ -- Artificial intelligence for nuclear power generation, carbon-sequestering bi...
PG&E May Proactively Shut Off Power for Safety to Approximately 20,000 Customers Across 24 Counties Starting This Morning
Scope of potential event reduced from earlier estimates due to favorable weather conditions OAKLAND, Calif. , Oct. 17, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) meteorologists and o...
Forecasted Dry, Northerly Winds Mean PG&E May Need to Proactively Shut Off Power for Safety to Approximately 28,000 customers across several counties starting Thursday
PG&E's Emergency Operations Center is Open and Company Meteorologists and Operations Professionals are Monitoring the Situation OAKLAND, Calif. , Oct. 15, 2024 /PRNewswire/ -- Pacific Gas and Electr...
Customer-Oriented Executive and Board Member Kerry Cooper to Succeed Robert Flexon as Chair of PG&E Corporation Board of Directors
OAKLAND, Calif. , Oct. 15, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) announced today that effective October 31, 2024, current Board Chair Robert Flexon is taking a Chief Executive Officer role...
This PG&E Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
12 Local Organizations to Receive $900,000 in Grants for Environmental Stewardship and Climate Resilience Projects
PG&E and The PG&E Corporation Foundation Grant Programs Support Climate Action Key Investments for Local Communities OAKLAND, Calif. , Oct. 10, 2024 /PRNewswire/ -- Whether it's wildfires and unseason...
PG&E Crews Head to Georgia to Restore Power in Aftermath of Hurricane Helene as Part of Nationwide Mutual-Assistance Effort
More Than 400 PG&E Coworkers Will Be Joining an Army of 50,000 Utility Workers in the Repair and Restoration Effort OAKLAND, Calif. , Oct. 3, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&...
Ameresco, Republic Services and PG&E Celebrate the Opening of California's Largest Landfill Gas to Renewable Natural Gas Plant
FRAMINGHAM, Mass. & PITTSBURG, Calif.--(BUSINESS WIRE)--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, Republic Services, Inc. (NY...
AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks
Utility companies—those that provide electricity, water, natural gas, and other essential services for residential and commercial customers—have had a banner year. The benchmark Utilities Select Secto...
PG&E CEO on extreme weather: Need infrastructure 'built for purpose' that people can count on
PG&E CEO Patti Poppe joins 'Squawk Box' to preview the company's investor conference in New York today, the safety measures put in place by the company, consumer energy demand, building infrastructure...
Californian utility PG&E shuts power for customers over wildfire risks
U.S. utility firm PG&E Corp said on Monday it has cut power for over 9,000 customers in northern California as a precaution against heightened wildfire risks from high winds.
The PG&E Corporation Foundation and California Fire Foundation Announce Wildfire Safety Grants for Seventh Consecutive Year
55 Grants Totaling $750,000 Awarded to Local Fire Departments, Fire Agencies and Community Groups SACRAMENTO, Calif. , Sept. 30, 2024 /PRNewswire/ -- As California enters peak fire season, the Califor...