PG&E Corporation (PCG) has seen a flurry of activity, including its stock adding 7.9% in a recent session and a Town Hall-invitation for North Valley and Sierra customers for an update on the wildfire safety program. Although its bid to sell a minority stake was rejected by California regulators, Merit Financial Group LLC acquired 20,093 PG&E Co. shares. The company's Q1 2024 Earnings failed to meet revenue targets by 13%, but PG&E reinstated its common stock dividend and sold its San Francisco headquarters to Hines. Their earnings' guidance for 2024 increased and registered strong earnings growth with revenue disappointments. Their efforts towards decarbonization were highlighted, and they were reported to be near a deal with KKR for a stake in a power business spin-off. PG&E has contributed in charitable ways and achieved an 8.9% ROE, and their 2024 1st quarter results surpassed estimates. However, pricing remains a topic of discussion amid pleasing returns and reduced revenues year on year.
Pg e Corporation PCG News Analytics from Tue, 25 Jul 2023 07:00:00 GMT to Fri, 10 May 2024 08:30:00 GMT -
Rating 5
- Innovation -2
- Information 6
- Rumor -4
