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. As of December 31, 2020, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines, 35 electric transmission substations, approximately 108,000 circuit miles of distribution lines, 68 transmission switching substations, and 758 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,500 miles of distribution pipelines, approximately 6,300 miles of backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was founded in 1905 and is headquartered in San Francisco, California.
IPO Year:
Exchange: NYSE
Website: pgecorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $24.00 | Buy | Jefferies |
| 9/12/2024 | $24.00 | Buy | BofA Securities |
| 6/10/2024 | $19.00 → $22.00 | Neutral → Overweight | JP Morgan |
| 4/10/2024 | $21.00 | Buy | Goldman |
| 10/23/2023 | $16.00 | In-line | Evercore ISI |
| 8/23/2023 | $19.00 | Overweight | Barclays |
| 8/7/2023 | $19.00 → $21.00 | Neutral → Buy | UBS |
| 4/3/2023 | $20.50 | Buy | Ladenburg Thalmann |
| 1/3/2023 | $17.00 | Buy → Neutral | UBS |
| 4/26/2022 | $17.00 | Outperform | Credit Suisse |
To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
PG&E (NYSE:PCG) reported quarterly earnings of $0.31 per share which beat the analyst consensus estimate of $0.30 by 3.33 percent. The company reported quarterly sales of $5.986 billion which beat the analyst consensus estimate of $5.902 billion by 1.42 percent. This is a 13.16 percent increase over sales of $5.290 billion the same period last year.
Barclays analyst Nicholas Campanella maintains PG&E (NYSE:PCG) with a Overweight and raises the price target from $21 to $22.
PG&E's (NYSE:PCG) short percent of float has fallen 3.21% since its last report. The company recently reported that it has 35.30 million shares sold short, which is 1.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.09 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
Several publicly traded companies, including utility giant PG&E Corp (NYSE:PCG), stand to lose from scorching hot temperatures hitting California this week as 2024 shapes up to be one of the hottest years on record. What Happened: Triple-digit temperatures are set to hit Southern California this week. The National Weather Service issued excessive heat warnings and watches for the San Fernando Valley, areas in Ventura County, Bakersfield, Paso Robles and other areas of the state. Temperatures will reach 105 to 110 degrees. Periods of high temperatures are also marked by increases in wildfire activity. According to Bloomberg, PG&E said it may cut power to 12,000 homes and businesse
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information. This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them. Related Link: EXCLUSIVE – Top 10 Most Searched Tickers On Benzinga Pro In May: Where Do Nvidia, Tesla, GameStop, AMC Rank? Her
Morgan Stanley analyst Stephen Byrd maintains PG&E (NYSE:PCG) with a Equal-Weight and lowers the price target from $18 to $17.
Barclays analyst Nicholas Campanella maintains PG&E (NYSE:PCG) with a Overweight and lowers the price target from $22 to $21.
Citigroup analyst Praful Mehta maintains PG&E (NYSE:PCG) with a Buy and raises the price target from $19 to $21.
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Clean energy milestone brings the state closer to achieving its climate and net-zero carbon pollution goals Divert, Inc., an impact technology company on a mission to Protect the Value of Food™, and Pacific Gas and Electric Company (PG&E) today announced a first-of-its-kind interconnection in the state of California to address the wasted food crisis. Divert's facility in Turlock, California is now processing unsold food products into carbon-negative renewable energy, which is being injected into PG&E's natural gas transmission line. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121369393/en/Divert's facility in Turlock, Ca
During 2024, PG&E customers have lost over $334,000 to scammers OAKLAND, Calif., Nov. 20, 2024 /PRNewswire/ -- As the holiday season ramps up, scammers are also ramping up their efforts to target consumers, including utility customers. To help combat this trend, Pacific Gas and Electric Company (PG&E) is joining Utilities United Against Scams to help customers recognize potential scams as part of Utility Scam Awareness Day on November 20. Each year around the holiday season, scammers target consumers with new and predatory tactics and seek to exploit and defraud customers when
OAKLAND, Calif., Nov. 19, 2024 /PRNewswire/ -- Ahead of the first significant storm of the season, Pacific Gas and Electric Company (PG&E) has mobilized crews and resources in key regions to respond to potential storm-related damage and power outages and is opening its Emergency Operations Center in Vacaville to assist in the coordination of storm response and restoration efforts. According to PG&E Meteorologist Scott Strenfel, an atmospheric river event will arrive today and unfold over the next several days delivering prolonged heavy rain and winds to the North Bay, Sacramen
Customers in 27 Counties Now Benefit from Newly Installed Underground Powerlines that Improve Reliability and Eliminate Nearly All Wildfire Risk in a Given Location OAKLAND, Calif., Nov. 15, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) announced today that it has constructed and energized more than 800 miles of underground powerlines since launching its wildfire safety undergrounding effort in 2021. This comes on the heels of PG&E completing more than 360 miles of undergrounding in 2023, representing the most undergrounding completed in a single year by th
Innovative EV Connect Program Makes EV Charging More Accessible and Affordable for Customers LIBERTY LAKE, Wash. and SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- Itron, Inc. (NASDAQ:ITRI) and Pacific Gas and Electric Company (PG&E) are collaborating to make electric vehicle (EV) charging more accessible and affordable for PG&E's customers. As part of exploring ways to modernize its electric meter network, PG&E is working with Itron on a customer-focused pilot to develop and test the management of EV charging loads in real-time, with the goal of significantly lowering the b
Atomic Canyon's 'Neutron Enterprise' AI solution aims to revolutionize PG&E's approach to managing vast datasets associated with the operation of Diablo Canyon Power Plant SAN LUIS OBISPO, Calif. and SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) is deploying Atomic Canyon's artificial intelligence-powered solutions for the nuclear energy sector at PG&E's Diablo Canyon Power Plant. This marks the inaugural commercial installation of the first on-site generative AI deployment at a U.S. nuclear power plant. Atomic Canyon's Neutron Enterpr
Data Center Paired with Housing Development Meets City's Future Needs with Clean Energy Solution OAKLAND, Calif., Nov. 13, 2024 /PRNewswire/ -- Today, a partnership led by real estate developer Westbank and Pacific Gas and Electric Company (PG&E) announced a proposal for an innovative net zero community. Located in downtown San Jose, the project will develop three new data centers and upwards of 4,000 residential units. The partners shared the news alongside San Jose Mayor Matt Mahan at PG&E's 2024 Innovation Summit. The proposal would transform downtown San Jose by responding
Customers can schedule appointments online to ensure gas appliances are in safe working condition OAKLAND, Calif., Nov. 12, 2024 /PRNewswire/ -- To help customers prepare their gas appliances for safe use during the cold weather months ahead, Pacific Gas and Electric Company (PG&E) is offering free in-home gas safety checks. During the gas safety checks, PG&E also will re-light pilot lights for customers who have heaters or other appliances that have been turned off during warmer months. Free safety checks help ensure that gas appliances, including water heaters, furnaces and
OAKLAND, Calif., Nov. 7, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) is on track to deliver solid financial results in 2024 and beyond: GAAP earnings were $0.27 per share for the third quarter of 2024, compared to earnings of $0.16 for the same period in 2023.GAAP earnings were $0.85 per share for the first nine months of 2024, compared to earnings of $0.62 per share for the same period in 2023.Non-GAAP core earnings were $0.37 per share for the third quarter of 2024, compared to earnings of $0.24 per share for the same period in 2023.Non-GAAP core earnings were $1.06 per
Updated R&D strategy highlights evolving utility technology needs Explores the potential of artificial intelligence to transform the energy system and enhance customer experience OAKLAND, Calif., Nov. 4, 2024 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) unveiled its refreshed R&D strategy report with a focus on artificial intelligence (AI) and other innovations as critical enablers to achieving PG&E's clean energy, climate, and customer-experience goals. The refreshed report outlines the integration of AI as a central component to meeting growing energy dem
OAKLAND, Calif., Nov. 7, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) is on track to deliver solid financial results in 2024 and beyond: GAAP earnings were $0.27 per share for the third quarter of 2024, compared to earnings of $0.16 for the same period in 2023.GAAP earnings were $0.85 per share for the first nine months of 2024, compared to earnings of $0.62 per share for the same period in 2023.Non-GAAP core earnings were $0.37 per share for the third quarter of 2024, compared to earnings of $0.24 per share for the same period in 2023.Non-GAAP core earnings were $1.06 per
OAKLAND, Calif., Sept. 26, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, November 7, 2024, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its third quarter 2024 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website. What: Third Quarter 2024 Earnings Call When: Thursday, November 7, 2024 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx A rep
OAKLAND, Calif., Sept. 20, 2024 /PRNewswire/ -- On September 19, 2024, PG&E Corporation (NYSE:PCG) declared its third-quarter 2024 regular cash dividend of $0.01 per share on the Corporation's common stock. The dividend is payable on October 15, 2024, to shareholders of record as of September 30, 2024. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending October 31, 2024, to be payable on November 15, 2024, to shareholders of record as of October 31, 2024. PG
OAKLAND, Calif., July 25, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) is on track to deliver solid 2024 results. Financial progress includes: GAAP earnings were $0.24 per share for the second quarter of 2024, compared to earnings of $0.19 for the same period in 2023.Non-GAAP core earnings were $0.31 per share for the second quarter of 2024, compared to earnings of $0.23 per share for the same period in 2023.Recorded GAAP earnings were $0.58 per share for the first half of 2024, compared to earnings of $0.46 per share for the same period in 2023.Non-GAAP core earnings were
OAKLAND, Calif., July 8, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, July 25, 2024, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its second quarter 2024 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website. What: Second Quarter 2024 Earnings Call When: Thursday, July 25, 2024 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-presentations/default.aspx A replay of
OAKLAND, Calif., May 17, 2024 /PRNewswire/ -- On May 16, 2024, PG&E Corporation (NYSE:PCG) declared its second-quarter 2024 regular cash dividend of $0.01 per share on the Corporation's common stock. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending July 31, 2024, to be payable on August 15, 2024, to shareholders of record as of July 31, 2024. PG&E will pay dividends o
OAKLAND, Calif., April 25, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) is on track to deliver solid 2024 results. Financial progress includes: GAAP earnings were $0.34 per share for the first quarter of 2024, compared to earnings of $0.27 for the same period in 2023.Non-GAAP core earnings were $0.37 per share for the first quarter of 2024, compared to earnings of $0.29 per share for the same period in 2023.2024 EPS GAAP guidance updated in the range of $1.15 to $1.20 per share.2024 non-GAAP core EPS guidance reaffirmed at $1.33 to $1.37 per share.Forecasting no equity nee
GAAP earnings were $1.05 per share for the year and $0.43 per share for the fourth quarter of 2023, compared to earnings of $0.84 and $0.24 per share, respectively, for the same periods in 2022.Non-GAAP core earnings were $1.23 per share for the year and $0.47 per share for the fourth quarter of 2023, compared to $1.10 and $0.26 per share, respectively, for the same periods in 2022.2024 EPS GAAP guidance increased from $1.08 to $1.12 per share (previously) to $1.10 to $1.14 per share.2024 EPS non-GAAP core guidance increased from $1.31 to $1.35 per share (previously) to $1.33 to $1.37 per share.No equity issued in 2023; forecasting no equity needs in 2024.2023 non-fuel O&M costs reduced by 5
OAKLAND, Calif., Feb. 14, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) declared its first-quarter 2024 regular cash dividend of $0.01 per share on the Corporation's common stock. The dividend is payable on April 15, 2024, to shareholders of record as of March 28, 2024. In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending April 30, 2024, to be payable on May 15, 2024, to shareholders of record as of April 30, 2024. PG&E will pay dividends on its eight seri
OAKLAND, Calif., Jan. 25, 2024 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) will hold a conference call on Thursday, February 22, 2024, at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss its fourth quarter and full year 2023 results. The public can access the conference call through a simultaneous webcast. The link is provided below and will also be available from the PG&E Corporation website. What: Fourth Quarter 2023 Earnings Call When: Thursday, February 22, 2024 at 11:00 a.m. Eastern Time Where: http://investor.pgecorp.com/news-events/events-and-presentations/de
Updated R&D strategy highlights evolving utility technology needs Explores the potential of artificial intelligence to transform the energy system and enhance customer experience OAKLAND, Calif., Nov. 4, 2024 /PRNewswire/ -- Today, Pacific Gas and Electric Company (PG&E) unveiled its refreshed R&D strategy report with a focus on artificial intelligence (AI) and other innovations as critical enablers to achieving PG&E's clean energy, climate, and customer-experience goals. The refreshed report outlines the integration of AI as a central component to meeting growing energy dem
Leaders from Eaton, GE Vernova, NVIDIA Added to High-Powered Speaker Lineup OAKLAND, Calif., Oct. 21, 2024 /PRNewswire/ -- Artificial intelligence for nuclear power generation, carbon-sequestering biochar, long-duration energy storage, submetering and managed charging for electric vehicles, real-time fault detection sensors, a prescribed-burn machine, advanced drones for system inspections, and new undergrounding systems are among the novel solutions and technologies that will be on display November 13 during Pacific Gas and Electric Company's (PG&E) 2024 Innovation Summit presented in collaboration with DISTRIBUTECH® in San Jose.
UGI Corporation (NYSE:UGI) announced that UGI's Board of Directors appointed Robert C. Flexon as President and Chief Executive Officer, effective November 1, 2024. Mr. Flexon will replace Mario Longhi, UGI's Chair who has served as Interim President and Chief Executive Officer since December 2023. Mr. Longhi will be resuming his role as an independent director and will serve as non-executive chair of UGI's Board of Directors. In addition to his role as President and Chief Executive Officer, Mr. Flexon will serve on the Company's Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015234263/en/UGI Names Robert Fl
This First-of-its-kind 11.7Mwe Energy Asset plant in the U.S. will be powered by co-located LFG-to-Electric Plant Facility is designed to reduce 62,000 metric tons of carbon emissions annually while increasing energy resiliency and supporting California's renewable energy and decarbonization goals Ameresco, Inc., (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, Republic Services, Inc. (NYSE:RSG) and Pacific Gas and Electric Company (PG&E) (NYSE:PCG), today celebrated the ribbon cutting for California's largest and most resilient landfill gas (LFG) to renewable natural gas (RNG) plant, located at the Keller Canyon Landfill in Pittsburg, CA
SilverBow Resources, Inc. (NYSE:SBOW) ("SilverBow" or "the Company") announced today that Leland "Lee" T. Jourdan has been appointed to the SilverBow Board of Directors (the "Board"), effective March 27, 2024. Mr. Jourdan's appointment is part of SilverBow's long-term and ongoing director search program conducted over the last 18 months with the assistance of a globally recognized search firm. Mr. Jourdan has deep experience in the oil and gas industry, and his leadership and accomplishments in promoting diversity, equity and inclusion ("DEI") have been widely recognized. He brings a demonstrated track record in international commercial and business development, mergers and acquisitions,
OAKLAND, Calif., Feb. 27, 2023 /PRNewswire/ -- PG&E Corporation (NYSE:PCG) today announced the appointment of Edward G. Cannizzaro to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, effective February 24, 2023. Mr. Cannizzaro brings decades of experience advising clients on business and risk management success. Mr. Cannizzaro has counseled clients in a wide range of industries including e-commerce, financial technology, semiconductors, manufacturing, retail, biotechnology, and real estate. "With decades of executive leadership e
PG&E Corporation (NYSE:PCG) today announced the appointment of Carlos Hernandez, former Chief Executive Officer of Fluor Corporation, to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, effective March 11, 2022. Mr. Hernandez brings decades of experience in industries focused on safety and operational excellence. Mr. Hernandez's career has spanned engineering, procurement, manufacturing and distribution companies, and his expertise includes risk management, safety and environmental matters, governance, compliance and law. "With decades of executive leadership experience in key industries, Carlos will be invaluable in helping PG&E continue to
McIntyre Brings Strong Clean Energy Credentials and Extensive Experience Advocating for Federal Energy Policies PG&E Corporation (NYSE:PCG) today announced the appointment of energy industry veteran Yvonne A. McIntyre as Vice President, Federal Affairs, effective January 3, 2022. Ms. McIntyre will be responsible for representing the interests of PG&E's customers before the federal government and policy groups, and for developing and implementing all aspects of PG&E's federal engagement. She will be based in Washington, D.C., and will report to Carla J. Peterman, Executive Vice President, Corporate Affairs, for PG&E Corporation. Ms. McIntyre has more than 30 years of experience in the ene
Advisory Role Will Provide PG&E Corporation's CEO, CFO and Executive Leadership Team with Business-Critical Advice for Future Growth PG&E Corporation (NYSE:PCG) announced that Thomas Webb, a utility industry executive with more than 40 years of experience, will serve as a senior advisor to the company, effective today. Mr. Webb will provide PG&E Corporation's Chief Executive Officer Patti Poppe, Chief Financial Officer Chris Foster and the executive leadership team with business-critical advice focused on driving stakeholder value, maximizing the company's value proposition and financial strength, and enhancing shareholder engagement. "Drawing on his extensive experience as a CFO in our i
Seasoned business leader brings operational and DEI expertise to fuel next phase of corporate growth PROS Holdings, Inc. (NYSE:PRO), a provider of AI-powered solutions that optimize selling in the digital economy, today announced the appointment of Leland T. "Lee" Jourdan to its board of directors effective June 1, 2021. Jourdan joins the board as an independent director. Jourdan is a seasoned business development and diversity, equity and inclusion (DEI) leader within the Oil & Gas industry. Recently retired from Chevron (NYSE:CVX), he spent the past 18 years in senior management roles including Chief Diversity and Inclusion Officer, Senior Management Sponsor, and Vice President, Commerc
Jefferies initiated coverage of PG&E with a rating of Buy and set a new price target of $24.00
BofA Securities resumed coverage of PG&E with a rating of Buy and set a new price target of $24.00
JP Morgan upgraded PG&E from Neutral to Overweight and set a new price target of $22.00 from $19.00 previously
Goldman initiated coverage of PG&E with a rating of Buy and set a new price target of $21.00
Evercore ISI resumed coverage of PG&E with a rating of In-line and set a new price target of $16.00
Barclays initiated coverage of PG&E with a rating of Overweight and set a new price target of $19.00
UBS upgraded PG&E from Neutral to Buy and set a new price target of $21.00 from $19.00 previously
Ladenburg Thalmann initiated coverage of PG&E with a rating of Buy and set a new price target of $20.50
UBS downgraded PG&E from Buy to Neutral and set a new price target of $17.00
Credit Suisse initiated coverage of PG&E with a rating of Outperform and set a new price target of $17.00
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