PG&E (NYSE:PCG – Get Free Report) posted its quarterly earnings data on Thursday. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05, Briefing.com reports. PG&E had a net margin of 10.22% and a return on equity of 11.76%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period last year, the firm posted $0.24 earnings per share. The business’s revenue was up .9% on a year-over-year basis.
PG&E Stock Up 1.2 %
NYSE PCG traded up $0.24 on Friday, reaching $20.60. The stock had a trading volume of 15,092,503 shares, compared to its average volume of 13,812,506. PG&E has a 1 year low of $15.94 and a 1 year high of $20.93. The business has a 50 day moving average price of $20.01 and a 200 day moving average price of $18.71. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.53 and a beta of 1.03.
PG&E Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. PG&E’s payout ratio is 3.13%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on PCG
Insider Activity
In related news, VP Stephanie N. Williams sold 38,601 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $18.32, for a total transaction of $707,170.32. Following the transaction, the vice president now owns 19,114 shares of the company’s stock, valued at approximately $350,168.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.
About PG&E
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.
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