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OAKLAND, CA—Leo P. Denault, a director at PG&E Corp (NYSE:PCG), recently purchased 6,300 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired on March 11, 2025, at a weighted average price of $15.96 per share, amounting to a total transaction value of $100,548.
The acquisition was made in multiple transactions, with prices ranging from $15.95 to $15.97. Following this purchase, Denault now holds a total of 6,300 shares directly. The transaction reflects Denault’s continued investment in the company, which is headquartered in Oakland, California.
In other recent news, PG&E Corporation reported its fourth-quarter earnings for 2024, which showed a slight miss in earnings per share (EPS) and revenue compared to analyst forecasts. The company recorded an EPS of $0.31, just below the expected $0.32, and revenue of $6.63 billion, falling short of the forecasted $7.19 billion. Despite this, PG&E has updated its 2025 EPS guidance to a range of $1.48-$1.52, reflecting confidence in its operational strategies. BMO Capital Markets has adjusted its price target for PG&E from $21.00 to $23.00 while maintaining an Outperform rating, citing the company’s strong operational performance and updated guidance. PG&E completed a $2.75 billion equity offering in December, which supports its $63 billion capital investment plan through 2028. The company projects at least 9% EPS growth from 2026 to 2028 and aims for a 10% rate base growth through 2028. PG&E continues to focus on expanding its data center load pipeline and implementing advanced grid safety measures, which are crucial for its future growth and operational efficiency.
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