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PG&E Corporation (NYSE: PCG) is an energy-based holding company, serving some 15 million northern and central California residents through subsidiary Pacific Gas and Electric Company. The firm owns and operates electricity generation facilities, over 150,000 miles of electric lines, nearly 50,000 miles of natural gas pipelines, and underground natural gas storage fields. Competitors include American Electric Power (NYSE: AEP) and Edison International (NYSE: EIX).

Investors were pleased last week, when PG&E said it expected FY08 EPS of $2.90-$3.00 and FY09 EPS of $3.15-$3.25. Analysts had been expecting $2.96 this year and $3.19 next year.

Continue reading PG&E Corporation (PCG): Share price defines a bullish ‘pennant’

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This entry was posted on Wednesday, April 9th, 2008 at 7:07 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.