Pacific Gas & Electric Co. (PCG) to Release Quarterly Earnings on Thursday

Pacific Gas & Electric Co. (NYSE:PCG) will be issuing its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.94 per share for the quarter.

Pacific Gas & Electric Co. (PCG) opened at 57.27 on Tuesday. The company has a market capitalization of $29.37 billion, a PE ratio of 14.12 and a beta of 0.22. The company has a 50-day moving average of $64.92 and a 200-day moving average of $67.05. Pacific Gas & Electric Co. has a 52 week low of $49.83 and a 52 week high of $71.57.

The business also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 29th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Thursday, September 28th. Pacific Gas & Electric Co.’s payout ratio is 52.35%.

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PCG has been the topic of several recent research reports. BidaskClub lowered shares of Pacific Gas & Electric Co. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Mizuho reissued a “buy” rating and issued a $74.00 price target on shares of Pacific Gas & Electric Co. in a report on Thursday, July 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $69.00 target price on shares of Pacific Gas & Electric Co. in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of Pacific Gas & Electric Co. in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 target price on shares of Pacific Gas & Electric Co. in a research report on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $67.85.

In other news, Director Roger H. Kimmel purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was acquired at an average cost of $69.68 per share, with a total value of $278,720.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David S. Thomason sold 700 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $69.62, for a total transaction of $48,734.00. Following the sale, the vice president now directly owns 7,357 shares of the company’s stock, valued at $512,194.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,915 shares of company stock worth $340,377. Company insiders own 0.15% of the company’s stock.

About Pacific Gas & Electric Co.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.

Earnings History for Pacific Gas & Electric Co. (NYSE:PCG)

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