How much is a share of PG&E worth?
One share of PCG stock can currently be purchased for approximately $12.07. How much money does PG&E make? PG&E has a market capitalization of $29.73 billion and generates $18.47 billion in revenue each year. The utilities provider earns $-1.30 billion in net income (profit) each year or ($0.22) on an earnings per share basis.
Is there good news for PG&E fire victims in 2022?
"SAN FRANCISCO, February 01, 2022-- (BUSINESS WIRE)--Justice John K. Trotter (Ret.), Trustee of the PG&E Fire Victim Trust, announced today that the Trust will be increasing the distribution payout to all of the Trust’s PG&E fire victims whose claims have been submitted and approved, effective as of February 15, 2022." Here is some real good news.
Where can I buy shares of PCG?
Shares of PCG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What is the upside for PG&E stock?
On average, they anticipate PG&E's stock price to reach $14.20 in the next year. This suggests a possible upside of 17.6% from the stock's current price. View analysts' price targets for PG&E or view top-rated stocks among Wall Street analysts. Who are PG&E's key executives? What is William D. Johnson's approval rating as PG&E's CEO?
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Will PCG ever pay dividend again?
PG&E Corp. is restoring the dividends on its eight series of preferred stock and paying 17 quarters of arrears. Shareholders will receive payments of up to $6.75 per share in May....Summary.IssuePCG-ADividend0.375Stripped value26.31Dividends declared6.75Full value33.0610 more columns•Feb 21, 2022
Is PCG stock a good buy?
Out of 5 analysts, 2 (40%) are recommending PCG as a Strong Buy, 2 (40%) are recommending PCG as a Buy, 1 (20%) are recommending PCG as a Hold, 0 (0%) are recommending PCG as a Sell, and 0 (0%) are recommending PCG as a Strong Sell.
Should I sell my PG&E stock now?
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PG&E stock.
Why is PG&E stock down?
The company is also seeing slower industrial electricity and gas usage due to the pandemic. The stock has declined 87% over the past two years, losing about $30 billion in market value due to the company's wildfire liability, lack of financing, and bankruptcy filing.
Is PCG undervalued?
Slightly overvalued with limited growth.
What's the highest PG&E stock has been?
The all-time high Pacific Gas & Electric stock closing price was 71.56 on September 11, 2017.
What happens to PCG stock?
Shares of PG&E (PCG 1.12%) lost 54.2% of their value in 2019, according to data provided by S&P Global Market Intelligence, vastly underperforming the S&P 500. Considering that the California-based utility filed for bankruptcy early in the year, investors are fortunate the stock didn't fall further.
Is PG a buy or sell?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
Did PG&E pay 2021 dividends?
PG&E (NYSE: PCG) does not pay a dividend.
Does PCG go to zero?
A Citi Analyst Says It Still Isn't Worth Buying. There is now a “0% probability” that shares of PG&E will go to zero, after the company reached a deal with a group representing underinsured and uninsured wildfire victims, according to Citigroup.
When did PCG stop paying dividends?
Dividends were suspended on January 1, 2001. PG&E Corporation was formed as a holding company on January 1, 1997.
Is PG & ea good company?
In aggregate,PG&E currently has a Zacks Value Score of A, putting it into the top 20% of all stocks we cover from this look. This makes PG&E a solid choice for value investors.
Should I buy or sell PG&E stock right now?
4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last twelve months. There are currently 1 hold rating...
What is PG&E's stock price forecast for 2022?
4 Wall Street analysts have issued 1 year price objectives for PG&E's shares. Their forecasts range from $13.50 to $18.00. On average, they expect...
How has PG&E's stock performed in 2022?
PG&E's stock was trading at $12.14 on January 1st, 2022. Since then, PCG stock has decreased by 9.6% and is now trading at $10.98. View the best g...
When is PG&E's next earnings date?
PG&E is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for PG&E .
How were PG&E's earnings last quarter?
PG&E Co. (NYSE:PCG) posted its earnings results on Thursday, April, 28th. The utilities provider reported $0.30 EPS for the quarter, topping the co...
What guidance has PG&E issued on next quarter's earnings?
PG&E updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $1.07-$1.13 for the perio...
Who are PG&E's key executives?
PG&E's management team includes the following people: Ms. Patricia Kessler Poppe , CEO & Director (Age 53, Pay $10.02M) Mr. Christopher A. Foste...
What is William D. Johnson's approval rating as PG&E's CEO?
60 employees have rated PG&E CEO William D. Johnson on Glassdoor.com . William D. Johnson has an approval rating of 80% among PG&E's employees.
Who are some of PG&E's key competitors?
Some companies that are related to PG&E include Dominion Energy (D) , Sempra (SRE) , Consolidated Edison (ED) , Public Service Enterprise Group...
About PG&E
PG&E (NYSE:PCG) Frequently Asked Questions
PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.
What happened
5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PG&E stock. View analyst ratings for PG&E or view top-rated stocks.
So what
Shares of PG&E (NYSE: PCG) lost 42.4% in August, according to data provided by S&P Global Market Intelligence, following a series of developments that suggest the California utility might have more trouble sailing through bankruptcy protection than previously hoped.
Wildfires in California singe PG&E stock once again
PG&E filed for bankruptcy protection in late January as part of a plan to deal with upwards of $30 billion in wildfire liabilities stemming from a blaze last fall. The so-called Camp Fire in Northern California, which resulted in 85 deaths and massive property damage, was sparked by a PG&E power line.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
PG&E Corporation ( NYSE:PCG) shares are in retreat once again on Thursday -- down 10% as of 1:55 p.m. EDT. Once again, fire is the reason.
Now what
Is any or all of this really PG&E's fault? It's hard to say, but given the close association between "fire," "PG&E stock," and "lawsuits" in many investors' minds these days, any bad news concerning one of the three seems to quickly spread to affect the other two.
California wildfires could cost this utility billions of dollars more than it's insured for
What's more, there's also a business reason for the pessimism: Power shut off by PG&E is power not sold by PG&E to its customers -- resulting in revenue losses for the company. Until a permanent solution is found to the problem of wildfires periodically incinerating the state, I imagine that PG&E stock is going to be a tough utility to own.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
From the time the " Camp Fire " wildfire first broke out in California last Thursday, through close of trading on the NYSE Tuesday, local electric utility PG&E Corporation ( NYSE:PCG) lost 32% of its value. Today, the stock fell another 32% in early trading before recovering to trade down "only" 23.8% as of 2:50 p.m. EST.
Now what
What caused PG&E's stock losses to double? Late yesterday, PG&E filed an 8-K form with the SEC advising it, and PG&E's investors, that on Nov. 8 -- the date the Camp Fire began -- PG&E
Summary
Which of these incidents was the cause, and which the effect, remains to be seen (although lawyers are already filing their lawsuits, so you can guess their read on the situation).
Long-Term Solution
A series of rainstorms this week is expected to provide some relief from wildfire season in Northern California.
Preferred Stock Waiting Game
New CEO Patti Poppe wants to put 10,000 miles of distribution lines underground, something the utility has long resisted. Because that would likely require an increase in utility rates, it's uncertain whether regulators will go along.
The utility's bankruptcy drama played out slowly as the year dragged on
There has been little change in PG&E's eight series of preferred stock since my May article, which quoted Poppe as saying "We have issued no guidance on our preferred dividends but they will continue to accrue."
What happened
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
So what
Shares of PG&E ( NYSE:PCG) lost 54.2% of their value in 2019, according to data provided by S&P Global Market Intelligence, vastly underperforming the S&P 500. Considering that the California-based utility filed for bankruptcy early in the year, investors are fortunate the stock didn't fall further.
Now what
PG&E filed for bankruptcy in January to deal with an estimated $30 billion in liabilities stemming from the 2018 Camp Fire in Northern California. In many cases, that's the end of the story for equity holders, with shares often wiped out as part of the reorganization process.
When does PG&E bankruptcy end?
PG&E remains in bankruptcy protection. The company appears on track to reorganize using its own shareholder-friendly plan, but creditor groups remain opposed, and further twists are possible.
Can I buy the PGE recovery story?
Effective Date can be as late as December 31, 2020 unless extended. PG&E can exit bankruptcy and then push the Effective Date out to December 31, 2020 in order to await the potential liabilities of the 2020 Fire Season before disbursing a partial cash payment and the block of Common Stock into the Fire Victims Trust.
Can fire victims trust stock be monetized?
Even if they buy the PG&E recovery story, investors might want to hold off on buying the common until the victims' trust sales are over and the selling pressure subsides . Some preferred issues still offer good returns, especially the A and G series, but caution is advised - they trade in low volumes and market orders should not be used.