PG&E Co. (NYSE:PCG) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of PG&E Co. (NYSE:PCG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $20.75.

Several equities analysts have recently issued reports on the stock. Evercore ISI raised their price target 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. Guggenheim raised their target price on PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Barclays reduced their price target on PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets lowered their price objective on PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Mizuho lifted their price objective on PG&E from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th.

PG&E Price Performance

Shares of NYSE PCG traded down $0.18 during midday trading on Wednesday, reaching $15.89. The company's stock had a trading volume of 28,390,702 shares, compared to its average volume of 20,657,119. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The company has a market cap of $42.50 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.09 and a beta of 0.63. The business's 50 day moving average price is $17.01 and its two-hundred day moving average price is $17.62. PG&E has a fifty-two week low of $14.99 and a fifty-two week high of $21.72.

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

PG&E Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, June 30th. PG&E's dividend payout ratio (DPR) is currently 9.17%.

Insider Transactions at PG&E

In related news, EVP Carla J. Peterman sold 32,519 shares of PG&E stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total transaction of $562,578.70. Following the sale, the executive vice president now directly owns 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of PG&E by 1.2% in the first quarter. Vanguard Group Inc. now owns 257,285,352 shares of the utilities provider's stock worth $4,420,162,000 after purchasing an additional 2,926,384 shares during the period. Geode Capital Management LLC increased its stake in PG&E by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 51,988,553 shares of the utilities provider's stock worth $1,046,462,000 after acquiring an additional 2,151,494 shares during the last quarter. Capital Research Global Investors increased its stake in PG&E by 70.3% in the 4th quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock worth $944,540,000 after acquiring an additional 19,317,171 shares during the last quarter. Norges Bank purchased a new stake in shares of PG&E in the 4th quarter valued at about $591,625,000. Finally, Northern Trust Corp boosted its position in shares of PG&E by 4.3% during the 1st quarter. Northern Trust Corp now owns 19,944,322 shares of the utilities provider's stock valued at $342,643,000 after acquiring an additional 818,377 shares during the last quarter. 78.56% of the stock is owned by institutional investors.

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.