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Jason M. Glickman, Executive Vice President at PG&E Corp (NYSE:PCG), recently sold a significant portion of his holdings in the company. According to a regulatory filing, Glickman sold 40,239 shares of PG&E common stock on March 10, 2025. The shares were sold at a price of $15.71 each, amounting to a total transaction value of $632,154.
Following this transaction, Glickman retains ownership of 148,124 shares in the company. This move is part of a series of transactions disclosed by PG&E executives, which are routinely filed with the Securities and Exchange Commission.
In other recent news, PG&E Corporation reported its fourth-quarter 2024 earnings, which showed a slight miss on earnings per share (EPS) and revenue compared to forecasts. The company posted an EPS of $0.31, just under the expected $0.32, and revenues of $6.63 billion, which fell short of the anticipated $7.19 billion. Despite these results, BMO Capital Markets adjusted its outlook on PG&E, increasing the price target from $21.00 to $23.00 and maintaining an Outperform rating. This decision was based on PG&E’s operational performance, which aligned with consensus EPS estimates for the year.
PG&E completed a $2.75 billion equity offering in December, which is part of its strategy to support a $63 billion capital investment plan through 2028. The company has raised its 2025 EPS guidance range to $1.48-$1.52, reflecting confidence in its operational strategies. BMO Capital Markets’ analyst James Thalacker noted PG&E’s stable outlook, supported by the company’s consistent performance and updated guidance. Additionally, PG&E projects EPS growth of at least 9% from 2026 to 2028, aiming for a 10% rate base growth through the end of the decade.
The company is actively expanding its data center load pipeline and implementing advanced grid safety measures. In the wake of its earnings announcement, PG&E’s stock experienced a decline, which may reflect investor concerns over the earnings miss. However, the firm’s strategic plans and analyst confidence suggest continued focus on long-term growth and operational stability.
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