GAMMA Investing LLC and Financiere des Professionnels Fonds d investissement inc. have lessened their stock positions in PG&E Corporation (PCG). However, Wellington Management Group LLP has raised its shares in the company. PG&E is set to hold a 2024 investor update meeting, indicating sturdy operational and financial performance. The company reported solid first-quarter results and is on course to deliver robust figures in 2024. Despite a recent 40% drop, PG&E stock has been given a consensus recommendation of “Moderate Buy” by brokerages. They announced the reinstatement of common stock dividends and a surge in Earnings Per Share (EPS) guidance for 2024. The company also announced the upsize and pricing of $1.9 billion convertible senior secured notes due 2027. Among other key highlights, PG&E was named in Fast Company’s 2024 World Changing Ideas Awards and announced new production pilots and procurement for decarbonization. The PG&E Corporation Foundation offered $900,000 for environmental stewardship and climate grants. PG&E also identified over 20 solutions aimed at achieving a clean energy future. Following the strong EPS guidance for 2024, JPMorgan, Goldman Sachs, and Citi maintain positive rating on PG&E stock.
Pg e Corporation PCG News Analytics from Mon, 31 Jul 2023 07:00:00 GMT to Sun, 23 Jun 2024 10:31:12 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -2
