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Stock Update (NYSE:PCG): PG&E Corporation Releases Full-Year and Fourth-Quarter 2015 Financial Results

[ Business Wire] – PG&E Corporation’s news release disclosing its full-year and fourth-quarter 2015 financial results has been furnished this morning to the U.S. Securities and Exchange Commission and is now available on PG&E Corporation’s website at Read more on this. PG&E Corporation (PCG) , currently valued at $27.50B, began trading this morning at $55.60. Looking at today’s market, PCG one day range is $54.95 to $56.10 with a trailing 52-week range being $47.33 to $57.73. Priced at 18.28x this year’s forecasted earnings, PCG shares are relatively expensive compared to the industry ’s 11.76x forward p/e ratio. And for passive income investors, the company pays shareholders $1.82 per share annually in dividends, yielding 3.30%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.44 per share, which would be $0.09 worse than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $3.05 would be a $0.45 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.50 Billion. If realized, that would be a 4.41% increase over the year-ago quarter. More recently, Goldman upgraded PCG from Neutral to Buy (Jan 27, 2016). Previously, Morgan Stanley upgraded PCG from Equal-Weight to Overweight. The average price target for PCG shares by the analysts covering it is $58.06, which is 4.42% above where the stock opened. See more in (NYSE:PCG) Similar Articles: Company Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Schedules Fourth Quarter 2015 Earnings Release and Conference Call Company Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Appoints Jason P. Wells SVP & Chief Financial Officer Company Update (NYSE:PCG): PG&E Corporation Releases Third Quarter Financial Results
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