Brokerages Set PG&E Co. (NYSE:PCG) Price Target at $21.13

PG&E Co. (NYSE:PCG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $21.13.

A number of research analysts have recently commented on the stock. Barclays reduced their price target on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $22.00 price target on shares of PG&E in a report on Wednesday, February 12th. UBS Group lowered PG&E from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. Evercore ISI raised their target price on shares of PG&E from $15.00 to $17.00 and gave the company an "in-line" rating in a research note on Monday, April 28th. Finally, Jefferies Financial Group boosted their price target on shares of PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd.

Insider Buying and Selling at PG&E

In other news, EVP Carla J. Peterman sold 32,519 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total value of $562,578.70. Following the completion of the sale, the executive vice president now owns 151,116 shares of the company's stock, valued at approximately $2,614,306.80. This represents a 17.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arno Lockheart Harris bought 6,389 shares of the business's stock in a transaction on Thursday, February 20th. The stock was bought at an average price 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On PG&E

A number of large investors have recently bought and sold shares of the company. Czech National Bank grew its position in PG&E by 8.9% during the fourth quarter. Czech National Bank now owns 474,013 shares of the utilities provider's stock valued at $9,566,000 after buying an additional 38,590 shares during the period. New York State Teachers Retirement System raised its holdings in PG&E by 8.2% in the 4th quarter. New York State Teachers Retirement System now owns 1,974,070 shares of the utilities provider's stock worth $39,837,000 after purchasing an additional 148,860 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in PG&E in the fourth quarter valued at approximately $514,000. Atria Wealth Solutions Inc. purchased a new stake in shares of PG&E in the fourth quarter valued at approximately $466,000. Finally, Merit Financial Group LLC acquired a new position in shares of PG&E during the 4th quarter worth approximately $336,000. Hedge funds and other institutional investors own 78.56% of the company's stock.

PG&E Stock Up 0.6%

PCG stock traded up $0.11 during trading on Friday, reaching $17.24. 11,604,620 shares of the stock were exchanged, compared to its average volume of 16,509,577. The firm has a market cap of $46.11 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. The firm's 50 day moving average is $16.88 and its 200 day moving average is $18.01. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. PG&E has a twelve month low of $14.99 and a twelve month high of $21.72.

PG&E (NYSE:PCG - Get Free Report) last posted its earnings results on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The company's revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that PG&E will post 1.49 EPS for the current year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.58%. PG&E's payout ratio is currently 9.17%.

About PG&E

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.