PG&E Sees Drop in Q4 Profit; Matches Estimates (PCG)

Natural gas distributor, PG&E Corporation(PCG) reported a decline in fourth quarter earnings on Thursday, matching analysts estimats.

The San Francisco, CA based company reported fourth quarter earnings of $253 million, or 59 cents per share, down -30% from $366 million, or 89 cents per share last year. Analysts expected to see earning of 59 cents per share.

Looking ahead, the company estimates FY2013 earnings to be in the range of $1.66 and $2.22 per share. Adjusted earnings are expected to be between $2.55 and $2.75 per share. Analysts are expecting to see $2.78 per share.

PG&E shares were down 84 cents, or -1.95% during Thursday morning trading. The stock has been mostly flat in the past year.

The Bottom Line
Shares of PG&E Corporation(PCG) have a 4.30% yield, based on Thursday morning’s price of $42.29.

PG&E Corporation(PCG) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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