PG&E (NYSE:PCG)'s stock had its "hold" rating restated by investment analysts at Wells Fargo & Co in a research report issued on Tuesday, AnalystRatings.com reports.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of PG&E from a "sell" rating to a "hold" rating and set a $12.00 price target on the stock in a report on Tuesday, June 16th. Seaport Global Securities initiated coverage on shares of PG&E in a report on Tuesday, June 23rd. They issued a "neutral" rating on the stock. Citigroup boosted their price target on shares of PG&E from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. UBS Group raised shares of PG&E from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $14.00 to $15.00 in a report on Monday, May 4th. Finally, Mizuho boosted their price target on shares of PG&E from $12.50 to $13.50 and gave the stock a "buy" rating in a report on Wednesday, May 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of "Hold" and a consensus price target of $14.68.
PCG opened at $9.06 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 1.20. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -0.64 and a beta of 1.14. The firm's fifty day moving average price is $11.22 and its two-hundred day moving average price is $12.02. PG&E has a 1 year low of $3.55 and a 1 year high of $23.56.
PG&E (NYSE:PCG) last posted its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.98 by ($0.09). The firm had revenue of $4.31 billion for 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 last year, the company earned $0.25 earnings per share. As a group, equities analysts anticipate that PG&E will post 2.64 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ellington Management Group LLC lifted its stake in PG&E by 3.3% in the fourth quarter. Ellington Management Group LLC now owns 21,700 shares of the utilities provider's stock worth $236,000 after acquiring an additional 700 shares during the period. Eqis Capital Management Inc. lifted its stake in PG&E by 7.6% in the first quarter. Eqis Capital Management Inc. now owns 13,853 shares of the utilities provider's stock worth $240,000 after acquiring an additional 973 shares during the period. Federated Hermes Inc. lifted its stake in PG&E by 9.5% in the first quarter. Federated Hermes Inc. now owns 11,309 shares of the utilities provider's stock worth $102,000 after acquiring an additional 977 shares during the period. PNC Financial Services Group Inc. lifted its stake in PG&E by 24.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,951 shares of the utilities provider's stock worth $54,000 after acquiring an additional 1,152 shares during the period. Finally, HighTower Advisors LLC lifted its stake in PG&E by 3.6% in the first quarter. HighTower Advisors LLC now owns 34,227 shares of the utilities provider's stock worth $308,000 after acquiring an additional 1,203 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.
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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