In yesterday’s Wall Street session, PG&E Corporation (NYSE:PCG) shares traded at $17.20, down -1.26% from the previous session.
As of this writing, 14 analysts cover PG&E Corporation (NYSE:PCG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $15.00, we find $19.50. Given the previous closing price of $17.42, this indicates a potential upside of 11.94 percent. PCG stock price is now -0.94% away from the 50-day moving average and 5.35% away from the 200-day moving average. The market capitalization of the company currently stands at $44.14B.
There are 5 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $19.40 as their price target over the next twelve months.
With the price target enhanced from $19 to $21, UBS Upgraded its rating from Neutral to Buy for PG&E Corporation (NYSE: PCG).
In other news, Burke Carolyn Jeanne, EVP Finance bought 156 shares of the company’s stock on Mar 30. The stock was bought for $2,480 at an average price of $15.90. Upon completion of the transaction, the EVP Finance now directly owns 25,072 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, Chief Executive Officer Poppe Patricia K sold 66,700 shares of the business’s stock. A total of $1,058,529 was realized by selling the stock at an average price of $15.87. This leaves the insider owning 1,269,325 shares of the company worth $21.83 million. Insiders disposed of 192,632,917 shares of company stock worth roughly $3.31 billion over the past 1 year. A total of 12.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PCG stock. A new stake in PG&E Corporation shares was purchased by PORTSIDE WEALTH GROUP, LLC during the first quarter worth $47,875,000. GHISALLO CAPITAL MANAGEMENT LLC invested $34,400,000 in shares of PCG during the first quarter. In the first quarter, CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC acquired a new stake in PG&E Corporation valued at approximately $32,424,000. SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in PCG for approximately $17,683,000. ONE FIN CAPITAL MANAGEMENT LP purchased a new stake in PCG valued at around $17,200,000 in the second quarter. In total, there are 813 active investors with 73.20% ownership of the company’s stock.
During the past 12 months, PG&E Corporation has had a low of $11.60 and a high of $18.19. As of last week, the company has a debt-to-equity ratio of 2.28, a current ratio of 1.00, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $97.93B, which is based on a 18.88 price-to-earnings ratio, a 4.29 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for PCG is $17.38 and a two-hundred day moving average price translates $16.34 for the stock.
The latest earnings results from PG&E Corporation (NYSE: PCG) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.23, missing analysts’ expectations of $0.25 by -0.02. This compares to $0.17 EPS in the same period last year. The net profit margin was 8.70% and return on equity was 8.40% for PCG. The company reported revenue of $5.29 billion for the quarter, compared to $5.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.36 percent. For the current quarter, analysts expect PCG to generate $5.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/15/2017. Investors who held shares on 09/29/2017 were paid a $0.53 dividend.
PG&E Corporation(PCG) Company Profile
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is based in Oakland, California.
