PG&E (NYSE:PCG) received a $62.00 price target from research analysts at Morgan Stanley in a research report issued on Tuesday, May 29th. The brokerage presently has a “buy” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 55.43% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Bank of America reaffirmed a “hold” rating and set a $46.00 target price on shares of PG&E in a research note on Tuesday, May 29th. UBS Group lifted their price target on shares of PG&E from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, May 29th. ValuEngine lowered shares of PG&E from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of PG&E from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, Citigroup set a $46.00 price target on shares of PG&E and gave the stock a “hold” rating in a report on Tuesday, April 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. PG&E currently has an average rating of “Hold” and an average target price of $55.73.
PG&E traded up $0.51, reaching $39.89, during mid-day trading on Tuesday, MarketBeat.com reports. The stock had a trading volume of 6,091,700 shares, compared to its average volume of 5,183,753. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.54 and a beta of -0.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.85 and a quick ratio of 0.78. PG&E has a 12 month low of $37.30 and a 12 month high of $71.57.
PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.13). The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.23 billion. PG&E had a net margin of 9.02% and a return on equity of 9.38%. During the same period last year, the business earned $1.06 earnings per share. analysts anticipate that PG&E will post 3.79 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of PCG. Schwab Charles Investment Management Inc. increased its stake in PG&E by 13.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,740,505 shares of the utilities provider’s stock valued at $123,333,000 after purchasing an additional 325,193 shares in the last quarter. Acadian Asset Management LLC increased its stake in PG&E by 104.5% in the fourth quarter. Acadian Asset Management LLC now owns 9,690 shares of the utilities provider’s stock valued at $435,000 after purchasing an additional 4,951 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in PG&E by 47.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 57,537 shares of the utilities provider’s stock valued at $2,579,000 after purchasing an additional 18,460 shares in the last quarter. Conning Inc. increased its stake in PG&E by 26.1% in the fourth quarter. Conning Inc. now owns 15,337 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 3,174 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in PG&E by 2,784.2% in the fourth quarter. Bessemer Group Inc. now owns 103,543 shares of the utilities provider’s stock valued at $4,641,000 after purchasing an additional 99,953 shares in the last quarter. 80.84% of the stock is owned by hedge funds and other institutional investors.
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 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.
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