PG&E: A Weak Start To 2024, Undervalued With EPS Growth Ahead [Seeking Alpha]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
Check Earnings Report
US:NYSE Investor Relations:
finance.yahoo.com/quote/pg
Company Research
Source: Seeking Alpha
PG&E Corporation shows solid profitability trends and attractive valuation compared to peers, and I expect multiple expansion over time. Technical analysis suggests potential upside for PG&E Corporation shares despite current weakness - I highlight key price levels to watch on the chart. The Utilities sector continues to struggle amid much higher interest rates today compared to years ago. The benchmark 10-year US Treasury yield ( US10Y ) is set to end the week above 4.3% for the first time since November 2023. Bigger picture, the domestic Utilities sector is about flat since the market bottomed out way back in October of 2022. That leaves the group with a much more attractive collective valuation, currently in the mid-teens. I reiterate a buy rating on PG&E Corporation NYSE: PCG ). After reinstating a dividend last year, the firm shows solid profitability trends over the quarters ahead while its valuation is depressed compared to both the S&P 500 ( SP500 ) and its sector.
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PCG
News
- PG&E Co. (NYSE: PCG) had its price target raised by analysts at Barclays PLC from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- PG&E First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Economic And Business Impacts Of FTC's Noncompete Ban [Forbes]Forbes
- PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping [BNN Bloomberg (Canada)]BNN Bloomberg
- Warren Buffett 'got it wrong' on California fire risk, PG&E CEO says [Seeking Alpha]Seeking Alpha
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/4/24 - Form ARS
- PCG's page on the SEC website