PG&E (NYSE: PCG) shares currently have a dividend yield of 4.10%. PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. The company has a P/E ratio of 23.38 The average volume for PG&E has been 2,747,500 shares per day over the past 30 days PG&E has a market cap of $19.7 billion and is part of the utilities industry Shares are up 12.5% year to date as of the close of trading on Monday TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Highlights from the ratings report include:
- PCG's revenue growth has slightly outpaced the industry average of 0.1%. Since the same quarter one year prior, revenues slightly increased by 0.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Multi-Utilities industry average. The net income increased by 2.5% when compared to the same quarter one year prior, going from $236.00 million to $242.00 million.
- The debt-to-equity ratio is somewhat low, currently at 0.97, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.43 is very weak and demonstrates a lack of ability to pay short-term obligations.
- PG&E CORP' earnings per share from the most recent quarter came in slightly below the year earlier quarter. The company has suffered a declining pattern of earnings per share over the past year. However, we anticipate this trend reversing over the coming year. During the past fiscal year, PG&E CORP reported lower earnings of $1.91 versus $2.10 in the prior year. This year, the market expects an improvement in earnings ($2.65 versus $1.91).
- You can view the full PG&E Ratings Report.
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