PG&E (PCG) Set to Announce Earnings on Thursday

PG&E (NYSE:PCG) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect PG&E to post earnings of $0.29 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

PG&E Stock Performance

Shares of PCG opened at $20.21 on Thursday. PG&E has a one year low of $15.94 and a one year high of $20.93. The company has a 50-day simple moving average of $19.84 and a two-hundred day simple moving average of $18.55. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.86. The firm has a market capitalization of $52.84 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Monday, September 30th. PG&E’s payout ratio is presently 3.42%.

Insider Activity at PG&E

In other news, VP Stephanie N. Williams sold 38,601 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $18.32, for a total value of $707,170.32. Following the completion of the transaction, the vice president now owns 19,114 shares in the company, valued at $350,168.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on PCG. Barclays increased their price objective on PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 price target for the company. Wells Fargo & Company boosted their price objective on shares of PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. UBS Group raised their target price on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Morgan Stanley upped their price target on PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.80.

PG&E Company Profile

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.