PG&E Co. (PCG) Receives Average Recommendation of “Hold” from Analysts

Shares of PG&E Co. (NYSE:PCG) have earned a consensus rating of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $21.16.

A number of research analysts recently weighed in on the company. Zacks Investment Research lowered PG&E from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. Morgan Stanley set a $18.00 target price on PG&E and gave the company a “hold” rating in a report on Tuesday, March 19th. Argus raised PG&E from a “sell” rating to a “hold” rating and set a $18.80 target price on the stock in a report on Tuesday, February 26th. JPMorgan Chase & Co. upped their target price on PG&E from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, January 25th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of PG&E in a report on Monday, February 11th.

Institutional investors have recently bought and sold shares of the business. Litman Gregory Asset Management LLC purchased a new stake in shares of PG&E in the fourth quarter valued at $32,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of PG&E by 417.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,417 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 1,143 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of PG&E in the first quarter valued at $42,000. NuWave Investment Management LLC lifted its position in shares of PG&E by 2,320.2% in the fourth quarter. NuWave Investment Management LLC now owns 2,517 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 2,413 shares in the last quarter. Finally, Rational Advisors LLC lifted its position in shares of PG&E by 2,320.2% in the fourth quarter. Rational Advisors LLC now owns 2,517 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 2,413 shares in the last quarter. 82.98% of the stock is currently owned by institutional investors.

PCG stock traded down $0.91 on Thursday, reaching $19.35. 7,404,292 shares of the company’s stock were exchanged, compared to its average volume of 19,734,867. PG&E has a twelve month low of $5.07 and a twelve month high of $49.42. The firm has a market capitalization of $10.65 billion, a PE ratio of 4.84, a P/E/G ratio of 2.46 and a beta of -0.23.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.14. PG&E had a positive return on equity of 12.51% and a negative net margin of 42.76%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.19 billion. On average, equities research analysts anticipate that PG&E will post 3.88 earnings per share for the current year.

PG&E 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 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.

Further Reading: Debt-To-Equity Ratio

Analyst Recommendations for PG&E (NYSE:PCG)

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