The utility company, PG&E Corporation (PCG), despite missing Q4 earnings, reported its revenues to be up year on year. The company reinstated its common stock dividends and showed continued strong earnings growth, leading to an incremented guidance for 2024. Disappointingly, the California regulator rejected PG&E's bid for minority sale amid KKR talks. Simultaneously, Los Angeles Capital Management LLC and Merit Financial Group LLC increased their holdings in PG&E stocks. Furthermore, the company reinforced its commitment towards clean energy, with a 24% reduction in gas emissions and an ambitious goal to make their customers' electricity 100% greenhouse gas-free by 2023. This is in addition to their broader decarbonization efforts, including announcing new production pilot and procurement. However, the company's CEOs decision to slash his PG&E stake by almost half raised eyebrows. Lastly, PG&E received recognition in Fast Company's 2024 World Changing Ideas Awards, signalling their efforts in innovation and positive environmental impact.
Pg e Corporation PCG News Analytics from Thu, 13 Jul 2023 07:00:00 GMT to Thu, 16 May 2024 10:49:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
