PCG Stock Recent News

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.

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.

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.

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.

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.

PCG's fourth-quarter earnings are in line with the Zacks Consensus Estimate. However, the bottom line decreases 34% from the year-ago level.

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.

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.

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.

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.