PG&E (NYSE:PCG – Get Free Report) released its quarterly earnings results on Thursday. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05, Briefing.com reports. PG&E had a net margin of 10.22% and a return on equity of 11.76%. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year.
PG&E Price Performance
Shares of PCG traded up $0.24 during mid-day trading on Friday, reaching $20.60. The company had a trading volume of 15,092,503 shares, compared to its average volume of 13,812,506. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.53 and a beta of 1.03. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.86 and a current ratio of 0.90. The company’s 50 day simple moving average is $20.01 and its 200 day simple moving average is $18.71. PG&E has a 1-year low of $15.94 and a 1-year high of $20.93.
PG&E Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Monday, September 30th. PG&E’s payout ratio is 3.13%.
Analysts Set New Price Targets
Insider Transactions at PG&E
In related news, VP Stephanie N. Williams sold 38,601 shares of PG&E stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $18.32, for a total value of $707,170.32. Following the transaction, the vice president now directly owns 19,114 shares of the company’s stock, valued at $350,168.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.
About PG&E
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.
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