PG&E Corporation (PCG)
| Market Cap | 36.50B |
| Revenue (ttm) | 24.08B |
| Net Income (ttm) | 2.41B |
| Shares Out | 2.14B |
| EPS (ttm) | 1.12 |
| PE Ratio | 15.25 |
| Forward PE | 12.28 |
| Dividend | $0.04 (0.23%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 9,230,400 |
| Open | 17.20 |
| Previous Close | 17.17 |
| Day's Range | 17.05 - 17.28 |
| 52-Week Range | 14.71 - 18.95 |
| Beta | 1.19 |
| Analysts | Buy |
| Price Target | 20.18 (+18.15%) |
| Earnings Date | Jul 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 11 analysts, the average rating for PCG stock is "Buy." The 12-month stock price forecast is $20.18, which is an increase of 18.15% from the latest price.
News
‘Firehose of heat': California braces for week of dangerously high temperatures
SACRAMENTO, Calif. — Swaths of California sweltered Tuesday and things were only expected to get worse during the Fourth of July holiday week for parts of the United States, with nearly 90 million peo...
PG&E Prepares for Extraordinary High Temperatures and Possible Heat-related Outages for the Week Ahead
As PG&E staff meteorologists closely track the weather, the company is reaching out to customers with resources to stay safe and cool. OAKLAND, Calif.
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention.
Keeping Local Restaurants Cooking: The PG&E Corporation Foundation Funds Restaurants Care Resilience Grants
PG&E Foundation Funding Will Provide $5,000 Grants to 154 Restaurants, Commercial Caterers OAKLAND, Calif. , June 14, 2024 /PRNewswire/ -- For the fourth consecutive year, The PG&E Corporation Foundat...
PG&E CEO Says Power Demand Will Double by 2040
PG&E CEO Patti Poppe says energy will demand will double 2040. She says the current power grid is underutilized and that is changing.
PG&E Corporation to Hold 2024 Investor Update Meeting
OAKLAND, Calif. , June 5, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold an Investor Update meeting and webcast on Wednesday, June 12, 2024, at 5:00 p.m.
'Rule the Cool' with PG&E: Power Up Energy Efficiency & Summer Savings
Customers Can Lower Energy Costs with Simple Tools, Tips, & Assistance Programs OAKLAND, Calif. , June 4, 2024 /PRNewswire/ -- As households spring into summer, PG&E encourages customers to prepare fo...
Serving the Planet: PG&E Completes Land Conservation Commitment, Permanently Protecting Nearly 140,000 Acres for Public Benefit
Company Announces New Pilot Projects Focused on Forest Resilience SANTA ROSA, Calif. , June 3, 2024 /PRNewswire/ -- Today (June 3), Pacific Gas and Electric Company (PG&E) joined with federal, state, ...
PG&E and California Fire Foundation Open Applications for Wildfire Safety and Preparedness Grants
More than $1 million in grants, public education, and outreach funded in 2023; Applications Accepted May 30 through June 30 SACRAMENTO, Calif. , June 3, 2024 /PRNewswire/ -- Pacific Gas and Electric C...
PG&E Safety Tip for Graduates: Celebrate Safely by Securing Balloons with a Weight
Power Outages from Wayward Balloons Can Put the Damper on Commencement Fun OAKLAND, Calif. , May 22, 2024 /PRNewswire/ -- It is graduation season in California and Pacific Gas and Electric Company (PG...
Dates Set for PG&E Quarterly Stock Dividends
OAKLAND, Calif. , May 17, 2024 /PRNewswire/ -- On May 16, 2024, PG&E Corporation (NYSE: PCG) declared its second-quarter 2024 regular cash dividend of $0.01 per share on the Corporation's common stock...
California rejects PG&E plan to transfer non-nuclear assets to Pacific Generation
The California utilities regulator on Thursday rejected PG&E's move to transfer its non-nuclear generation assets to Pacific Generation amid talks with private equity firm KKR & Co to sell a minority ...
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.