PG&E (PCG) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PCG shares.
View PCG analyst ratings or view top-rated stocks.

9 Wall Street research analysts have issued 1 year target prices for PG&E's stock. Their PCG share price forecasts range from $15.00 to $21.00. On average, they expect the company's stock price to reach $18.28 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price.
View analysts price targets for PCG or view top-rated stocks among Wall Street analysts.

PG&E's stock was trading at $16.26 at the beginning of the year. Since then, PCG stock has increased by 3.8% and is now trading at $16.88.
View the best growth stocks for 2023 here.

PG&E saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 52,530,000 shares, a drop of 16.5% from the April 30th total of 62,890,000 shares. Based on an average daily volume of 15,850,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.9% of the shares of the company are short sold.
View PG&E's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our PCG earnings forecast.

PG&E Co. (NYSE:PCG) announced its earnings results on Friday, May, 5th. The utilities provider reported $0.29 earnings per share for the quarter, meeting analysts' consensus estimates of $0.29. The utilities provider had revenue of $6.21 billion for the quarter, compared to analysts' expectations of $6.19 billion. PG&E had a net margin of 8.64% and a trailing twelve-month return on equity of 10.21%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS.

ETFs with the largest weight of PG&E (NYSE:PCG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), Virtus Reaves Utilities ETF (UTES), Adaptiv Select ETF (ADPV), First Trust Utilities AlphaDEX Fund (FXU), Invesco DWA Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RYU), BTD Capital Fund (DIP) and Leatherback Long/Short Alternative Yield ETF (LBAY).

PG&E updated its FY23 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $1.19-$1.23 for the period, compared to the consensus estimate of $1.22.

60 employees have rated PG&E Chief Executive Officer William D. Johnson on Glassdoor.com. William D. Johnson has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PG&E investors own include General Electric (GE), Intel (INTC), AT&T (T), Pfizer (PFE), Johnson & Johnson (JNJ), Cisco Systems (CSCO), NVIDIA (NVDA), Procter & Gamble (PG), Walt Disney (DIS) and JPMorgan Chase & Co. (JPM).

PG&E trades on the New York Stock Exchange (NYSE) under the ticker symbol "PCG."

PG&E's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (7.09%), BlackRock Inc. (5.43%), State Street Corp (3.39%), JPMorgan Chase & Co. (2.53%), Price T Rowe Associates Inc. MD (2.03%) and Deutsche Bank AG (1.46%). Insiders that own company stock include Arno Lockheart Harris, Carolyn Jeanne Burke, Patricia K Poppe, Pg&E Fire Victim Trust and Robert C Flexon.
View institutional ownership trends.

Shares of PCG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PCG stock can currently be purchased for approximately $16.88.

PG&E (NYSE:PCG) has a market capitalization of $41.75 billion and generates $21.68 billion in revenue each year. The utilities provider earns $1.81 billion in net income (profit) each year or $0.89 on an earnings per share basis.

The company employs 26,010 workers across the globe.

PG&E's mailing address is 77 BEALE STREET P.O. BOX 770000, SAN FRANCISCO CA, 94177. The official website for the company is www.pgecorp.com. The utilities provider can be reached via phone at (415) 973-1000, via email at invrel@pge-corp.com, or via fax at 415-973-8719.