PG&E Corporation (PCG)
| Market Cap | 43.50B |
| Revenue (ttm) | 24.78B |
| Net Income (ttm) | 2.52B |
| Shares Out | 2.14B |
| EPS (ttm) | 1.17 |
| PE Ratio | 17.39 |
| Forward PE | 14.42 |
| Dividend | $0.04 (0.20%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 9,272,478 |
| Open | 20.48 |
| Previous Close | 20.38 |
| Day's Range | 20.28 - 20.65 |
| 52-Week Range | 15.59 - 20.65 |
| Beta | 1.02 |
| Analysts | Strong Buy |
| Price Target | 22.08 (+8.5%) |
| 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 12 analysts, the average rating for PCG stock is "Strong Buy." The 12-month stock price forecast is $22.08, which is an increase of 8.50% from the latest price.
News
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...
EVolving Clean Transportation: PG&E Celebrates National Drive Electric Week
PG&E Helping Customers Transition to Electric Vehicles, Preparing the Grid & Advancing EV Technology to Support a Clean Energy Future OAKLAND, Calif. , Sept. 27, 2024 /PRNewswire/ -- In recognition of...
National Preparedness Month: As Wildfire Season Peaks, PG&E Continues Mitigation and Safety Work to Keep Customers Safe During Seasonally Windy Months
PG&E Provides Customer Resources Before, During and After PSPS Outages OAKLAND, Calif. , Sept. 26, 2024 /PRNewswire/ -- September is National Preparedness Month, and it coincides with the middle of Ca...
PG&E Corporation Schedules Third Quarter 2024 Earnings Release and Conference Call
OAKLAND, Calif. , Sept. 26, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, November 7, 2024, at 11:00 a.m.
PG&E Awarded $34.5 Million in Federal Grants for 19 Hydroelectric Projects
Funding to be used for enhanced grid resiliency, improved dam safety and reduced environmental impacts OAKLAND, Calif. , Sept. 24, 2024 /PRNewswire/ -- PG&E has been awarded $34.5 million in grant awa...
Dates Set for PG&E Quarterly Stock Dividends
OAKLAND, Calif. , Sept. 20, 2024 /PRNewswire/ -- On September 19, 2024, PG&E Corporation (NYSE: PCG) declared its third-quarter 2024 regular cash dividend of $0.01 per share on the Corporation's commo...
Speakers Announced, Registration Now Open for PG&E's 2024 Innovation Summit on November 13
Fall Event Presented in Collaboration with DISTRIBUTECH to Showcase R&D Advances, Focus on Opportunities for Artificial Intelligence in Energy OAKLAND, Calif. , Sept. 19, 2024 /PRNewswire/ -- Today,...
The PG&E Corporation Foundation Helps Battle Food Insecurity with Contributions to Local Food Banks, Meal Distribution Organizations
Charitable Donation to Support 52 Local Organizations Additional PG&E Funding Supports Food Banks' Emergency Preparedness OAKLAND, Calif. , Sept. 18, 2024 /PRNewswire/ -- The PG&E Corporation Foundati...
Fall Energy Bills to Include $55.17 California Climate Credit for PG&E Electric Customers
California's Cap-and-Trade Program Continues to Reduce the State's Reliance on Fossil Fuels and Benefit PG&E Customers OAKLAND, Calif. , Sept. 16, 2024 /PRNewswire/ -- In October, millions of resident...
Residential PG&E Customers Can Now Easily Access Electricity Usage Data from Apple Home App
PG&E Customers Can Access, Understand, and Make Informed Decisions about their Electricity Usage from the Home App on iPhone, iPad, Mac and Apple Watch OAKLAND, Calif. , Sept. 16, 2024 /PRNewswire/ --...
Keeping Local Restaurants Cooking: 154 Restaurants to Receive $5,000 Resilience Grants Funded by The PG&E Corporation Foundation
PG&E Foundation Funding for Fourth Consecutive Year Supports Hometown Restaurants, Commercial Caterers OAKLAND, Calif. , Aug. 30, 2024 /PRNewswire/ -- Locally-owned Northern and Central California res...
Top 3 Utilities Stocks You May Want To Dump In August
As of Aug 30, 2024, three stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
PG&E Is Racing to Stem Increasing Fires Ignited by Its Power Lines
PG&E PCG -0.21%decrease; red down pointing triangle is racing to confront an uptick in fires ignited by its power lines ahead of the riskiest months of wildfire season.
PG&E Awards Scholarships to 60 Students Across Northern and Central California Helping Ease College Costs for Families
$350,000 from The PG&E Corporation Foundation will Help Students Pursuing Higher Education OAKLAND, Calif. , Aug. 19, 2024 /PRNewswire/ -- The PG&E Corporation Foundation is awarding 60 students from ...