2 weeks Ago By ABMN Staff
PG&E Co. ( NYSE:PCG – Get Free Report ) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company.
The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.55. A number of research analysts have weighed in on the company.
UBS Group increased their target price on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd.
Morgan Stanley lifted their price target on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th.
Barclays raised their target price on PG&E from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th.
Citigroup boosted their price target on PG&E from $19.00 to $21.00 and gave the company a “buy” rating in a report on Friday, June 14th.
Finally, Wells Fargo & Company raised their price objective on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th.
Check Out Our Latest Analysis on PG&E Insiders Place Their Bets Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in PG&E by 2.
0% during the first quarter. Vanguard Group Inc. now owns 282,332,215 shares of the utilities provider’s stock valued at $4,731,888,000 after purchasing an additional 5,635,693 shares during the period.
JPMorgan Chase & Co. boosted its holdings in PG&E by 1.8% during the first quarter.
JPMorgan Chase & Co. now owns 126,126,581 shares of the utilities provider’s stock worth $2,113,882,000 after buying an additional 2,176,931 shares in the last quarter. Capital International Investors grew its position in PG&E by 4.
4% during the first quarter. Capital International Investors now owns 121,159,974 shares of the utilities provider’s stock valued at $2,030,641,000 after buying an additional 5,066,183 shares during the period. King Street Capital Management L.
P. purchased a new position in PG&E in the second quarter valued at $1,964,250,000. Finally, Massachusetts Financial Services Co.
MA boosted its stake in shares of PG&E by 17.3% during the 2nd quarter. Massachusetts Financial Services Co.
MA now owns 101,910,190 shares of the utilities provider’s stock worth $1,779,352,000 after acquiring an additional 14,998,472 shares in the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.
PG&E Stock Performance Shares of PCG opened at $19.82 on Friday. PG&E has a 52 week low of $14.
71 and a 52 week high of $20.65. The company has a quick ratio of 0.
86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99.
The stock has a market cap of $51.83 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.
52 and a beta of 1.01. The business’s 50 day moving average price is $19.
03 and its 200-day moving average price is $17.99. PG&E ( NYSE:PCG – Get Free Report ) last posted its quarterly earnings results on Thursday, July 25th.
The utilities provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.
01. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.
86 billion. PG&E had a net margin of 10.22% and a return on equity of 11.
76%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis.
During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities research analysts anticipate that PG&E will post 1.
36 earnings per share for the current fiscal year. PG&E Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.
01 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.
04 dividend on an annualized basis and a yield of 0.20%. PG&E’s payout ratio is 3.
57%. About PG&E ( Get Free Report 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.
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