PG&E
PCG

$18.03

0.06%

Market Cap: 47.1B

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: 28,000

Utilities Electric & Other Services Combined

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 12 analysts

0

News positive %

of 16 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

113% more call options, than puts

Call options by funds: $356M | Put options by funds: $167M

16% more repeat investments, than reductions

Existing positions increased: 241 | Existing positions reduced: 208

12% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 85

2% more funds holding

Funds holding: 621 [Q4 2023] → 631 (+10) [Q1 2024]

2.96% less ownership

Funds ownership: 95.73% [Q4 2023] → 92.77% (-2.96%) [Q1 2024]

10% less capital invested

Capital invested by funds: $36.8B [Q4 2023] → $33.2B (-$3.65B) [Q1 2024]

33% less funds holding in top 10

Funds holding in top 10: 18 [Q4 2023] → 12 (-6) [Q1 2024]

See Fund Rankings

Research analyst outlook

12 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$17

6%

downside

Avg. target

$21

15%

upside

High target

$23

28%

upside

12 analyst ratings

9 positive

75%

3 neutral

25%

0 negative

0%

Wells Fargo Neil Kalton	22%upside $22	Overweight Maintained	26 Jul 2024
Barclays Nicholas Campanella	22%upside $22	Overweight Maintained	22 Jul 2024
Morgan Stanley Stephen Byrd	6%downside $17	Equal-Weight Maintained	24 Jun 2024
Barclays Nicholas Campanella	16%upside $21	Overweight Maintained	17 Jun 2024
Citigroup Praful Mehta	16%upside $21	Buy Maintained	14 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 16 articles about PCG published over the past 30 days

PG&E Corporation (PCG) Q2 2024 Earnings Call Transcript

PG&E Corporation (NYSE:PCG ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Jonathan Arnold - VP, IR Patricia Poppe - CEO Carolyn Burke - EVP and CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research Jeremy Tonet - JPMorgan Securities Julian Dumoulin Smith - Jefferies Carly Davenport - Goldman Sachs Gregg Orrill - UBS Anthony Crowdell - Mizuho Ryan Levine - Citi Michael Lonegan - Evercore ISI Operator Good morning and welcome to the PG&E Corporation Second Quarter 2024 Earnings Release. At this time, all participants are in a listen-only mode.

PG&E Corporation (PCG) Q2 2024 Earnings Call Transcript

Zacks Investment Research

PG&E (PCG) Q2 Earnings Top Estimates, Revenues Increase Y/Y

PG&E's (PCG) second-quarter earnings and revenues beat the Zacks Consensus Estimate. The company reaffirms its 2024 adjusted EPS guidance.

PG&E (PCG) Q2 Earnings Top Estimates, Revenues Increase Y/Y

Zacks Investment Research

PG&E (PCG) Q2 Earnings and Revenues Surpass Estimates

PG&E (PCG) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.23 per share a year ago.

PG&E (PCG) Q2 Earnings and Revenues Surpass Estimates

Power company PG&E beats second-quarter profit estimates on higher rates

Power company PG&E Corp beat second-quarter profit estimates on Thursday, helped by higher service rates.

Power company PG&E beats second-quarter profit estimates on higher rates

PG&E Corporation Reports Second-Quarter Results; On Track to Deliver Solid 2024

OAKLAND, Calif. , July 25, 2024 /PRNewswire/ -- PG&E Corporation (NYSE: PCG) is on track to deliver solid 2024 results.

PG&E Corporation Reports Second-Quarter Results; On Track to Deliver Solid 2024

Zacks Investment Research

Will PG&E (PCG) Beat Estimates Again in Its Next Earnings Report?

PG&E (PCG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will PG&E (PCG) Beat Estimates Again in Its Next Earnings Report?

Broader Benefits: PG&E Increases Energy Bill Assistance and Expands REACH Program to Help More Customers

More Qualifying Customers Can Receive Up to a $2,000 Bill Credit Under New Guidelines OAKLAND, Calif. , July 24, 2024 /PRNewswire/ -- To provide additional financial assistance to more households with past-due energy bills, Pacific Gas and Electric Company (PG&E) is modifying guidelines mid-year for the Relief for Energy Assistance through Community Help (REACH) program.

Broader Benefits: PG&E Increases Energy Bill Assistance and Expands REACH Program to Help More Customers

Zacks Investment Research

What's in Store for These 4 Utilities This Earnings Season?

Let's focus on utilities like CMS Energy (CMS), Edison International (EIX), DTE Energy (DTE) and PG&E Corporation (PCG) which are scheduled to release second-quarter earnings on Jul 25.

What's in Store for These 4 Utilities This Earnings Season?

Zacks Investment Research

PG&E (PCG) to Report Q2 Earnings: Here's What to Expect

PG&E's (PCG) Q2 results are likely to reflect favorable outcomes from its general rate case and reduced non-fuel O&M expenses efforts.

PG&E (PCG) to Report Q2 Earnings: Here's What to Expect

3 Utility Stocks That Are Hotter AI Investments Than Nvidia

Being an investor with some experience in spotting trends, I have been observing the AI hype train and it is impossible not to notice the acceleration of Nvidia's (NASDAQ: NVDA ) stock, having become a major constituent of the S&P 500 index. Nevertheless, in this case, it seems that everyone is rushing to the next big thing, which is an AI chip maker, but I think that there are some diamonds among AI utility stocks which are far more attractive from the investment perspective.

3 Utility Stocks That Are Hotter AI Investments Than Nvidia

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