PCG - PG&E Stock Dividend Date & History 2023 (2024)

FAQs

Will PG&E pay dividends in 2023? ›

Historical dividend payout and yield for Pacific Gas & Electric (PCG) since 1989. The current TTM dividend payout for Pacific Gas & Electric (PCG) as of May 18, 2023 is $0.00. The current dividend yield for Pacific Gas & Electric as of May 18, 2023 is 0.00%.

Dividends were suspended on January 1, 2001. PG&E Corporation was formed as a holding company on January 1, 1997.

On average, Wall Street analysts predict that PG&E's share price could reach $18.50 by Apr 26, 2024. The average PG&E stock price prediction forecasts a potential upside of 6.02% from the current PCG share price of $17.45.

Significantly Below Fair Value: PCG is trading below fair value, but not by a significant amount.

On April 20, 2022, PG&E filed a document with the CPUC called the “2023 Cost of Capital Application,” officially announcing its intention to raise rates in 2023. In February of 2023, the company made good on its promise and raised rates by 8% for residential customers in its service area.

This calculation also takes into account the benefit from the California Climate Credit. According to PG&E, your average monthly electric bill of $152 is set to increase by $14, resulting in a new total of $166 a month. That works out to a 9.2% increase.

PG&E Corp (NYSE:PCG)

The 11 analysts offering 12-month price forecasts for PG&E Corp have a median target of 19.00, with a high estimate of 22.00 and a low estimate of 16.00. The median estimate represents a +9.86% increase from the last price of 17.30.

There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PCG shares. View PCG analyst ratings or view top-rated stocks.

PG&E's analyst rating consensus is a Strong Buy. This is based on the ratings of 7 Wall Streets Analysts. How can I buy shares of PCG?

What was PG&E highest stock price? ›

The overall consensus recommendation for Pacific Edge is Hold.

How Much Debt Does PG&E Carry? The image below, which you can click on for greater detail, shows that at December 2022 PG&E had debt of US$52.1b, up from US$44.9b in one year.

Pacific Gas & Electric 2021 shares outstanding were 1.985B, a 57.92% increase from 2020.

California's trademark warm weather has really been anything but that in 2023. Historic rain, now followed by freezing temperatures across the Bay Area is leading to higher than ever gas and electric bills according to T.U.R.N., The Utility Reform Network.

In 2023, the cost of electricity in California for businesses is rapidly increasing; however, commercial, agricultural, and industrial properties can fight these rising costs sustainably with commercial solar, energy storage and other facility-specific solutions.

With the next Federal Reserve meeting coming up on May 3, 2023, it's uncertain if the Fed will keep interest rates in a holding pattern through the spring. Both the Fed and experts are predicting another 0.25% rate hike for May.

For residential tiered rates, Tier 1 includes the baseline quantity and Tier 2 extends from 101% of baseline or greater. PG&E also offers electric Time-of Use-rates for residential customers. Some of these rates are tiered and others are not.

PG&E is forecasted to grow earnings and revenue by 9.7% and 3.1% per annum respectively. EPS is expected to grow by 8.7%. Return on equity is forecast to be 10.7% in 3 years.

Is PG and E raising rates? ›

The drop in natural gas prices will not impact electric rates in March 2023. However, effective March 1, 2023, electricity customers' average rates will be impacted as follows: 4.5 % higher for small commercial customers (non-Community Choice Aggregator or Direct Access)

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California.

Stock Price Forecast

The 14 analysts offering 12-month price forecasts for Callon Petroleum Co have a median target of 53.00, with a high estimate of 71.00 and a low estimate of 38.00. The median estimate represents a +73.09% increase from the last price of 30.62.

PPG Industries currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

Zacks' proprietary data indicates that Pacific Gas & Electric Co. is currently rated as a Zacks Rank 4 and we are expecting a below average return from the PCG shares relative to the market in the next few months.

Key Takeaways

After filing for Chapter 11, the company's stock will be delisted from the major exchanges. Common stock shareholders are last in line to recover their investments, behind bondholders and preferred shareholders.

Procter & Gamble stock has received a consensus rating of buy. The average rating score is Aa3 and is based on 45 buy ratings, 12 hold ratings, and 0 sell ratings.

PG&E is also cash rich. The company has generated cash flow growth of 3.6%, and is expected to report cash flow expansion of 1% in 2022. Investors should take the time to consider PCG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

What is the highest price target stock? ›

A price target is an analyst's projection of a security's future price, one at which an analyst believes a stock is fairly valued. Analysts consider numerous fundamental and technical factors to arrive at a price target.

Stock Price Forecast

The 8 analysts offering 12-month price forecasts for Two Harbors Investment Corp have a median target of 14.25, with a high estimate of 16.00 and a low estimate of 13.00. The median estimate represents a +15.38% increase from the last price of 12.35.

So, with higher demand and tighter supply, wholesale natural gas prices are quite a bit higher, and this means that utilities like PG&E, we don't mark up the price of natural gas that we charge our customers. It's a straight pass-through, and unfortunately, this means higher bills for our customers.

Pacific Gas & Electric annual gross profit for 2022 was $16.824B, a 3.46% increase from 2021. Pacific Gas & Electric annual gross profit for 2021 was $16.261B, a 11.6% increase from 2020.

What was the largest stock increase percentage ever? The largest rise in the stock market happened on March 15, 1933, when the Dow Jones Industrial rose by 15.34 percent in a single day. And the next biggest gain that occurred in the stock market was on Oct. 6, 1931, when the company gained 14.87 during a day.

Pacific Edge shares took a nosedive on the NZX yesterday after news its Cxbladder tests could be dropped by United States-based health insurance company Novitas. The Dunedin-based cancer diagnostics company requested a trading halt on Friday to consider advice from its US legal team and other advisers.

Stock Price Forecast

The 16 analysts offering 12-month price forecasts for Deckers Outdoor Corp have a median target of 530.00, with a high estimate of 560.00 and a low estimate of 370.00. The median estimate represents a +9.21% increase from the last price of 485.30.

The Federal Reserve, which purchases and sells Treasury securities as a means to influence federal interest rates and the nation's money supply, is the largest holder of such debt.

As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

Who owns the largest share of the US public debt? ›

With $1.1 trillion in Treasury holdings, Japan is the largest foreign holder of U.S. debt. Japan surpassed China as the top holder in 2019 as China shed over $250 billion, or 30% of its holdings in four years.

Historical dividend payout and yield for Pacific Gas & Electric (PCG) since 1989. The current TTM dividend payout for Pacific Gas & Electric (PCG) as of May 19, 2023 is $0.00. The current dividend yield for Pacific Gas & Electric as of May 19, 2023 is 0.00%.

Our 2000+ employees around the world bring a wide range of public and private sector experience and subject matter expertise, ranging from management consulting to Medicaid, special education to technology, workforce empowerment to financial services and beyond.

PG&E (PCG) does not pay a dividend.

Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in Union Pacific. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 8.9%.

The Utility preferred stock dividend will resume in May 2022.

United Parcel's upcoming ex-dividend date is on May 11, 2023. United Parcel shareholders who own UPS stock before this date will receive United Parcel's next dividend payment of $1.62 per share on May 31, 2023. Add UPS to your watchlist to be reminded before United Parcel's ex-dividend date.

Procter & Gamble stock yields 2.4%.

The dividend is payable on or after May 15 to common stock shareholders of record at the close of business on April 21. This marks the 67^th straight year in which the company has raised its dividend.

How high will PG&E stock go? ›

Stock Price Forecast

The 11 analysts offering 12-month price forecasts for PG&E Corp have a median target of 19.00, with a high estimate of 22.00 and a low estimate of 16.00. The median estimate represents a +8.88% increase from the last price of 17.45.

The dividend stock also declared that Vedanta dividend 2023 record date has been fixed on 30th May 2023.

No stock in the S&P 500 has a higher dividend yield than independent oil and gas company Pioneer Natural Resources (PXD).

The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

Main Street Capital's upcoming ex-dividend date is on Jun 06, 2023. Main Street Capital shareholders who own MAIN stock before this date will receive Main Street Capital's next dividend payment of $0.22 per share on Jun 14, 2023.

For the year ending June 2022 Procter & Gamble Health has declared an equity dividend of 525.00% amounting to Rs 52.5 per share. At the current share price of Rs 5002.80 this results in a dividend yield of 1.05%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

Is PG a good dividend stock? ›

Procter & Gamble (PG 1.02%) is one of the most recognizable companies in the world. P&G pays a healthy dividend yield that attracts passive income investors.

You likely won't see consistent double-digit percentage yearly gains from P&G's stock, but its dividend is one of the more reliable ones you'll find. It's paid dividends for 132 years and has earned the title of Dividend King by increasing its yearly dividend for at least 50 consecutive years (66 years in P&G's case).