PG&E (PCG) to Release Quarterly Earnings on Thursday

PG&E (NYSE:PCG) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect PG&E to post earnings of $0.29 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

PG&E Stock Performance

Shares of NYSE PCG opened at $20.24 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99. The business’s 50 day moving average is $19.97 and its two-hundred day moving average is $18.69. The company has a market cap of $52.93 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.53 and a beta of 1.03. PG&E has a 12 month low of $15.94 and a 12 month high of $20.93.

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Monday, September 30th. PG&E’s dividend payout ratio is currently 3.42%.

Analysts Set New Price Targets

Several brokerages have commented on PCG. UBS Group lifted their price target on PG&E from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company boosted their price objective on PG&E from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Jefferies Financial Group began coverage on PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 price objective on the stock. Morgan Stanley boosted their price objective on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Barclays boosted their price objective on PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.80.

Insider Buying and Selling at PG&E

In other PG&E news, VP Stephanie N. Williams sold 38,601 shares of the company’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 sale, the vice president now directly owns 19,114 shares in the company, valued at $350,168.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.15% of the company’s stock.

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.