PG&E (PCG) to Release Earnings on Thursday

PG&E (NYSE:PCG) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect PG&E to post earnings of $0.31 per share and revenue of $7.11 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect PG&E to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PG&E Stock Performance

NYSE PCG opened at $15.75 on Thursday. The company has a market cap of $41.18 billion, a P/E ratio of 12.30, a PEG ratio of 1.09 and a beta of 0.99. The company has a fifty day simple moving average of $18.65 and a 200 day simple moving average of $19.32. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02. PG&E has a 12-month low of $14.99 and a 12-month high of $21.72.

Insiders Place Their Bets

In other news, CEO Patricia K. Poppe sold 55,555 shares of PG&E stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the completion of the transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at $30,168,186.52. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PCG shares. UBS Group decreased their target price on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Mizuho increased their price objective on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays cut their target price on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group assumed coverage on PG&E in a research note on Monday, October 14th. They set a “buy” rating and a $24.00 price objective on the stock. Finally, BMO Capital Markets began coverage on shares of PG&E in a research note on Monday, January 13th. They issued an “outperform” rating and a $21.00 target price for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, PG&E has an average rating of “Moderate Buy” and a consensus target price of $22.36.

About PG&E

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.