PG&E Co. (NYSE:PCG) Given Average Recommendation of “Hold” by Analysts

PG&E Co. (NYSE:PCG) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.95.

PCG has been the topic of a number of research analyst reports. UBS Group raised PG&E from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.00 to $15.00 in a research note on Monday, May 4th. Wells Fargo & Co reissued a “hold” rating on shares of PG&E in a research note on Tuesday. Mizuho increased their target price on PG&E from $12.50 to $13.50 and gave the company a “buy” rating in a research note on Wednesday, May 6th. They noted that the move was a valuation call. Barclays increased their target price on PG&E from $15.00 to $16.00 in a research note on Wednesday, June 10th. Finally, Morgan Stanley reduced their target price on PG&E from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday.

Shares of PG&E stock traded down $0.10 during trading on Tuesday, hitting $8.96. The stock had a trading volume of 2,054,132 shares, compared to its average volume of 22,803,918. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of -0.63 and a beta of 1.14. PG&E has a 12 month low of $3.55 and a 12 month high of $23.56. The business’s 50-day moving average is $11.22 and its 200 day moving average is $12.02. The company has a current ratio of 1.28, a quick ratio of 1.20 and a debt-to-equity ratio of 0.29.

PG&E (NYSE:PCG) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.09). The firm had revenue of $4.31 billion during the quarter. PG&E had a positive return on equity of 27.51% and a negative net margin of 42.53%. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, equities analysts expect that PG&E will post 2.64 EPS for the current year.

Several large investors have recently made changes to their positions in PCG. Charles Schwab Investment Management Inc. boosted its holdings in shares of PG&E by 47.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,637,434 shares of the utilities provider’s stock worth $17,799,000 after purchasing an additional 524,813 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of PG&E by 101.3% during the first quarter. Janus Henderson Group PLC now owns 125,095 shares of the utilities provider’s stock worth $1,126,000 after purchasing an additional 62,951 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of PG&E by 2.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 72,275 shares of the utilities provider’s stock worth $790,000 after purchasing an additional 1,403 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of PG&E by 71.1% during the first quarter. Treasurer of the State of North Carolina now owns 218,933 shares of the utilities provider’s stock worth $1,968,000 after purchasing an additional 90,960 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of PG&E by 53.0% during the first quarter. M&T Bank Corp now owns 16,340 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 5,658 shares during the period. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

About PG&E

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,000 circuit miles of distribution lines, 50 transmission switching substations, and 769 distribution substations; and electricity transmission network comprises approximately 18,000 circuit miles of interconnected transmission lines and 84 electric transmission substations.

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Analyst Recommendations for PG&E (NYSE:PCG)

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