Previous close | 17.00 |
Open | 16.98 |
Bid | 0.00 x 1000 |
Ask | 0.00 x 3100 |
Day's range | 16.50 - 17.17 |
52-week range | 14.71 - 18.32 |
Volume | |
Avg. volume | 15,539,929 |
Market cap | 44.636B |
Beta (5Y monthly) | 1.29 |
PE ratio (TTM) | 16.26 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.02 (0.12%) |
Ex-dividend date | 27 Mar 2024 |
1y target est | N/A |
Power company PG&E Corp beat Wall Street estimates for first-quarter profit and raised its full-year earnings forecast on Thursday, helped by higher electricity rates and lower operating and wildfire-related costs. Last year, the California Public Utilities Commission (CPUC) voted to approve PG&E's infrastructure plan that would lead customer bills to rise by nearly 13%. In January, the CPUC also approved a $45 million settlement for the utility's part in the destructive 2021 Dixie wildfire, which in 2021 resulted in more than 963,000 acres (390,000 hectares) being burned across multiple counties.
PG&E Corp Reports First Quarter 2024 Financial Results and Strategic Updates
PG&E (PCG) delivered earnings and revenue surprises of 5.71% and 11.94%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?