PG&E Corporation (PCG) is in the spotlight with various events concerning its stock and organizational developments. The company is set to maintain its quarterly dividend at $0.025 per share which will be rewarded on July 15 to shareholders recorded on June 30. John Larsen, a utility veteran, has been added to PG&E's board of directors. The company, along with the PG&E Corporation Foundation, is also offering $500,000 in community-focused grants geared towards environmental stewardship. Furthermore, PG&E is increasing efforts for safety by issuing an alert warning about the power outage risks of graduation balloons.The stock remains a top pick among analysts, with Morgan Stanley maintaining its rating despite lowering the price target, and UBS maintaining the stock with a $19.00 price target. Hedge funds are piling into the stock, viewing it as one of the best clean energy stocks to invest in. To fund its Capital Investment Plan, PG&E launched a concurrent offering of common and mandatory convertible preferred stock. However, there are also concerns about the company’s liability and it seems to be using a significant amount of debt.Finally, PG&E shared a robust earnings growth outlook and added that it is accelerating the connection of new data centers in Northern and Central California.
Pg e Corporation PCG News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Fri, 23 May 2025 20:14:59 GMT -
Rating 3
- Innovation 7
- Information 6
- Rumor -2
