PG&E Corporation (PCG)

NYSE: PCG · IEX Real-Time Price · USD
18.12
+0.16 (0.89%)
Jul 12, 2024, 4:00 PM EDT - Market closed
0.89%
Market Cap 38.73B
Revenue (ttm) 24.08B
Net Income (ttm) 2.41B
Shares Out 2.14B
EPS (ttm) 1.12
PE Ratio 16.18
Forward PE 13.02
Dividend $0.04 (0.22%)
Ex-Dividend Date Jun 28, 2024
Volume 11,652,542
Open 18.01
Previous Close 17.96
Day's Range 17.96 - 18.20
52-Week Range 14.71 - 18.95
Beta 1.09
Analysts Buy
Price Target 20.10 (+10.93%)
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]

Sector Utilities
CEO Ms. Patricia Kessler Poppe
Employees 28,010
Stock Exchange NYSE
Ticker Symbol PCG
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for PCG stock is "Buy." The 12-month stock price forecast is $20.1, which is an increase of 10.93% from the latest price.

Price Target
$20.1
(10.93% upside)
Analyst Consensus: Buy
Stock Forecasts

News

PG&E Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call

OAKLAND, Calif. , July 8, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) will hold a conference call on Thursday, July 25, 2024, at 11:00 a.m.

6 days ago - PRNewsWire

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.

13 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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.

4 weeks ago - Bloomberg Markets and Finance

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.

5 weeks ago - PRNewsWire

'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...

5 weeks ago - PRNewsWire

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, ...

5 weeks ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

2 months ago - Reuters

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.

Other symbols: KKR
2 months ago - Reuters

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.

2 months ago - WSJ

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...

2 months ago - Reuters

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.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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.

Other symbols: EIX
3 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

Other symbols: PL
3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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.

3 months ago - TechXplore

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.

3 months ago - PRNewsWire