BMO Capital Markets Issues Pessimistic Forecast for PG&E (NYSE:PCG) Stock Price

PG&E (NYSE:PCG - Free Report) had its target price reduced by BMO Capital Markets from $23.00 to $22.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the utilities provider's stock.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 target price on shares of PG&E in a research note on Wednesday, February 12th. Guggenheim lowered shares of PG&E from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 18th. Morgan Stanley increased their price target on PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. UBS Group lowered PG&E from a "buy" rating to a "neutral" rating and dropped their target price for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. Finally, Barclays lowered their price target on PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.95.

PG&E Price Performance

Shares of PCG stock traded up $0.05 during midday trading on Monday, reaching $17.23. 15,360,295 shares of the company traded hands, compared to its average volume of 16,365,429. PG&E has a 1-year low of $14.99 and a 1-year high of $21.72. The firm has a market cap of $46.02 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The firm's 50 day simple moving average is $16.51 and its two-hundred day simple moving average is $18.35. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00.

PG&E (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities research analysts expect that PG&E will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. PG&E's payout ratio is currently 8.70%.

Insider Transactions at PG&E

In related news, Director Arno Lockheart Harris acquired 6,389 shares of PG&E stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the purchase, the director now directly owns 14,864 shares of the company's stock, valued at $232,770.24. The trade was a 75.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total transaction of $532,368.77. Following the transaction, the executive vice president now directly owns 183,635 shares of the company's stock, valued at approximately $3,006,104.95. This represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in PG&E by 68.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after buying an additional 626 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of PG&E by 1,233.6% during the fourth quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock valued at $37,000 after buying an additional 1,690 shares during the last quarter. Colonial Trust Co SC boosted its position in shares of PG&E by 563.0% during the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after buying an additional 1,627 shares during the period. UMB Bank n.a. grew its holdings in PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock worth $80,000 after buying an additional 1,506 shares in the last quarter. Finally, Optiver Holding B.V. grew its holdings in PG&E by 23.9% in the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after buying an additional 825 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

PG&E Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.