PG&E
About: PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
Employees: 28,400
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 57
85% more repeat investments, than reductions
Existing positions increased: 327 | Existing positions reduced: 177
19% more funds holding in top 10
Funds holding in top 10: 16 [Q3] → 19 (+3) [Q4]
5% more funds holding
Funds holding: 663 [Q3] → 698 (+35) [Q4]
1% more capital invested
Capital invested by funds: $41.4B [Q3] → $41.8B (+$378M) [Q4]
4.15% less ownership
Funds ownership: 97.86% [Q3] → 93.71% (-4.15%) [Q4]
38% less call options, than puts
Call options by funds: $203M | Put options by funds: $329M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$16.50
3%
upside
Avg. target
$22
38%
upside
High target
$26
63%
upside
6 analyst ratings
5 positive
83%
0 neutral
0%
1 negative
17%
BMO Capital James Thalacker 80% 1-year accuracy 60 / 75 met price target | 44%upside $23 | Outperform Maintained | 18 Feb 2025 |
Morgan Stanley Stephen Byrd 58% 1-year accuracy 64 / 111 met price target | 3%upside $16.50 | Underweight Downgraded | 14 Feb 2025 |
JP Morgan Richard Sunderland 43% 1-year accuracy 3 / 7 met price target | 38%upside $22 | Overweight Assumed | 12 Feb 2025 |
UBS Gregg Orrill 17% 1-year accuracy 1 / 6 met price target | 38%upside $22 | Buy Maintained | 30 Jan 2025 |
Barclays Nicholas Campanella 64% 1-year accuracy 50 / 78 met price target | 44%upside $23 | Overweight Maintained | 27 Jan 2025 |
Financial journalist opinion
Based on 26 articles about PCG published over the past 30 days
Neutral
PRNewsWire
1 day ago
Dates Set for PG&E Quarterly Stock Dividends
OAKLAND, Calif. , Feb. 21, 2025 /PRNewswire/ -- On February 20, 2025, PG&E Corporation (NYSE: PCG) declared its first quarter 2025 regular cash dividend of $0.025 per share on the Corporation's common stock.
Positive
Seeking Alpha
2 days ago
PG&E Corporation: Robust Earnings Growth Outlook
PG&E Corporation is transitioning from a low-growth utility to a high-growth company, driven by rising power demand and a 5.5GW data center pipeline. The fully funded $63 billion capex plan through 2028 supports a 10% CAGR in rate base and >9% earnings growth. Despite strong earnings growth prospects, PCG stock trades at a ~42% discount to peers, offering a potential 70% upside if valuation aligns with peers.
Negative
Zacks Investment Research
4 days ago
After Plunging -10.11% in 4 Weeks, Here's Why the Trend Might Reverse for PG&E (PCG)
The heavy selling pressure might have exhausted for PG&E (PCG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Neutral
PRNewsWire
1 week ago
PG&E Accelerating Connection of New Data Centers throughout Northern and Central California
New Energy Demand from Data Centers to Help Lower Costs for Electric Customers 'Rule 30' Tariff Proposal Establishes a Streamlined, Equitable Process for Connecting Large Demand Customers like Data Centers and Tech Campuses OAKLAND, Calif. , Feb. 13, 2025 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is working to serve approximately 5.5 gigawatts (GW) of new data center energy demand over the next decade, with 1.4 GW currently in final design and projected to come online between 2026 and 2030.
Neutral
Seeking Alpha
1 week ago
PG&E Corporation (PCG) Q4 2024 Earnings Conference Call Transcript
PG&E Corporation (NYSE:PCG ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Jonathan Arnold - VP, IR Patty Poppe - CEO Carolyn Burke - EVP & CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Securities Nicholas Campanella - Barclays Richard Sunderland - JPMorgan Securities LLC Julien Dumoulin-Smith - Jefferies Anthony Crowdell - Mizuho Carly Davenport - Goldman Sachs Gregg Orrill - UBS Operator Ladies and gentlemen, thank you for standing by and welcome to the PG&E Corporation Fourth Quarter 2024 Earnings Release. All lines have been placed on mute to prevent any background noise.
Positive
Zacks Investment Research
1 week ago
PG&E Reports In-Line Q4 Earnings, Increases 2025 EPS View
PCG's fourth-quarter earnings are in line with the Zacks Consensus Estimate. However, the bottom line decreases 34% from the year-ago level.
Positive
Zacks Investment Research
1 week ago
PG&E (PCG) Q4 Earnings Meet Estimates
PG&E (PCG) came out with quarterly earnings of $0.31 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago.
Positive
Reuters
1 week ago
PG&E raises 2025 core earnings forecast on higher electricity rates
PG&E Corp on Thursday raised its adjusted core earnings forecast for 2025, as the power company benefits from lower operating expenses and higher electricity rates.
Neutral
The Motley Fool
1 week ago
These Were the 5 Worst-Performing Stocks in the S&P 500 in January 2025
The S&P 500's 2.7% rise in January might not sound impressive. But for a single month, it's a great start to 2025.
Neutral
PRNewsWire
1 week ago
PG&E Corporation Delivers on Guidance for Full-Year 2024 and Updates 2025 Earnings Guidance
OAKLAND, Calif. , Feb. 13, 2025 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) delivered solid financial results in 2024 and is on track to deliver beyond: GAAP earnings were $0.30 per share for the fourth quarter of 2024, compared to earnings of $0.43 for the same period in 2023.
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