In yesterday’s Wall Street session, PG&E Corp. (NYSE:PCG) shares traded at $16.81, unchanged from the previous session.
PCG stock price is now 1.60% away from the 50-day moving average and -0.79% away from the 200-day moving average. The market capitalization of the company currently stands at $35.87B.
On August 23, 2023, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $19, while ‘UBS’ rates the stock as ‘Buy’
In other news, Campbell Cheryl F., Director sold 10,000 shares of the company’s stock on Sep 12 ’23. The stock was sold for $169,000 at an average price of $16.90. Upon completion of the transaction, the Director now directly owns 54,153 shares in the company, valued at $0.91 million. A total of 5.91% of the company’s stock is owned by insiders.
During the past 12 months, PG&E Corp. has had a low of $14.71 and a high of $18.32. As of last week, the company has a debt-to-equity ratio of 2.31, a current ratio of 0.83, and a quick ratio of 0.78. According to the stock market information, the enterprise value for the company is $93.02B, which is based on a 16.01 price-to-earnings ratio, a 1.57 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for PCG is $16.55 and a two-hundred day moving average price translates $16.94 for the stock.
The latest earnings results from PG&E Corp. (NYSE: PCG) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.47, beating analysts’ expectations of $0.45 by 0.02. This compares to $0.24 EPS in the same period last year. The net profit margin was 9.18% and return on equity was 9.43% for PCG. The company reported revenue of $7.04 billion for the quarter, compared to $5.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.12 percent. For the current quarter, analysts expect PCG to generate $6.66B in revenue.
