PG&E Co. (NYSE: PCG) announced its earnings results on Thursday. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.01. During the same quarter last year, the company posted $0.89 earnings per share. PG&E Co. updated its FY13 guidance to $2.55-2.75 EPS.
A number of analysts have recently weighed in on PCG shares. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of PG&E Co. in a research note to investors on Thursday, January 31st. They now have a $45.00 price target on the stock. On a related note, analysts at FBR Capital reiterated an “outperform” rating on shares of PG&E Co. in a research note to investors on Friday, January 25th. They now have a $43.00 price target on the stock. Finally, analysts at Jefferies Group upgraded shares of PG&E Co. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 9th. They now have a $45.00 price target on the stock.
PG&E Co. (PCG) traded down 1.95% on Thursday, hitting $42.28. PG&E Co. (PCG) has a 1-year low of $39.40 and a 1-year high of $47.03. The stock’s 50-day moving average is currently $41.77. The company has a market cap of $18.096 billion and a price-to-earnings ratio of 19.80.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.46 per share. This represents a $1.82 dividend on an annualized basis and a yield of 4.22%.
PG&E Corporation is a holding company whose primary purpose is to hold interests in energy-based businesses.
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