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.

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PG&E Corporation (PCG): Share price defines a bullish 'pennant' originally appeared on BloggingStocks on Wed, 09 Apr 2008 12:00:00 EST. Please see our terms for use of feeds.