PG&E Corp (NYSE: PCG) has reported earnings for its third fiscal quarter (ending September 30) of $0.27 versus $0.16 for the same period a year ago — an increase of 69%. For the latest four quarters through September 30, E.P.S. were $1.29 versus $0.91 for the same period a year ago — an increase of 42%.
Recent Price Action
PG&E Corp (NYSE: PCG) stock rose modestly by 0.5% on 11/7/24. The stock closed at $20.36. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
PCG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PG&E has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. PG&E has a neutral Appreciation Score of 42 but a good Power Rating of 84, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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