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Carla Peterman, Executive Vice President of Corporate Affairs and Chief Sustainability Officer at PG&E Corp (NYSE:PCG), recently executed a series of stock transactions, according to a Form 4 filing with the Securities and Exchange Commission.
On March 4, 2025, Peterman sold 32,521 shares of PG&E Corp stock at an average price of $16.37 per share, amounting to a total transaction value of approximately $532,368. This sale was conducted under a pre-established trading plan compliant with Rule 10b5-1(c).
In addition to the sale, Peterman acquired 125,005 shares on March 1, 2025, and 31,954 shares on March 3, 2025, through vested performance shares and restricted stock units, respectively, both at no cost. These acquisitions were part of the PG&E Corporation 2021 Long-Term Incentive Plan.
Furthermore, Peterman forfeited 59,965 shares on March 1, 2025, to cover tax obligations related to the vesting of performance share units, with these shares valued at $16.34 each, totaling approximately $979,828.
Following these transactions, Peterman holds 183,635 shares of PG&E Corp stock directly.
In other recent news, PG&E Corporation reported its fourth-quarter 2024 earnings, which slightly missed analysts’ expectations. The company posted an earnings per share (EPS) of $0.31, just below the forecast of $0.32, while revenues also fell short, coming in at $6.63 billion against an expected $7.19 billion. This earnings miss was accompanied by a notable financial move as PG&E completed a $2.75 billion equity offering in December. Despite the quarterly earnings shortfall, PG&E has raised its 2025 EPS guidance range to $1.48-$1.52, reflecting confidence in its operational strategies.
In other developments, BMO Capital Markets adjusted its outlook on PG&E by increasing the stock price target from $21.00 to $23.00 and maintaining an Outperform rating. Analyst James Thalacker noted that PG&E’s strong operational performance aligned with BMO’s and consensus EPS estimates, supporting the positive stance. The company’s updated guidance for 2025 and beyond suggests a stable outlook, with EPS estimates remaining unchanged through 2028. PG&E projects EPS growth of at least 9% from 2026 to 2028, supported by a $63 billion capital investment plan.
These recent developments highlight PG&E’s strategic efforts to navigate challenges in the energy sector, focusing on expanding its data center load pipeline and implementing advanced grid safety measures. The company’s continued commitment to growth and operational efficiency is evident in its financial guidance and investment plans.
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