NYSE:PCG

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

$16.45

-0.15 (-0.90%)

(As of 09/27/2023 ET)

Compare

Today's Range: $16.38
▼
$16.73
50-Day Range: $16.26
▼
$17.96
52-Week Range: $12.13
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$18.19

Volume: 11.48 million shs
Average Volume: 16.09 million shs
Market Capitalization: $42.26 billion

P/E Ratio: 18.08
Dividend Yield: N/A
Price Target: $19.14

PG&E MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 16.3% Upside
$19.14 Price Target
Short Interest: Healthy
1.49% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.79
Based on 11 Articles This Week
Insider Trading: Selling Shares
$169,000 Sold Last Quarter
Proj. Earnings Growth: 11.57%
From $1.21 to $1.35 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Utilities Sector

61st out of 86 stocks

Electric & Other Services Combined Industry

14th out of 17 stocks

2.4

Analyst's Opinion

Consensus Rating
PG&E has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.14, PG&E has a forecasted upside of 16.3% from its current price of $16.45.
Amount of Analyst Coverage
PG&E has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.49% of the float of PG&E has been sold short.
Short Interest Ratio / Days to Cover
PG&E has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PG&E has recently increased by 14.24%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
PG&E does not currently pay a dividend.
Dividend Growth
PG&E does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PCG.

2.7

News and Social Media Coverage

News Sentiment
PG&E has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for PG&E this week, compared to 9 articles on an average week.
Search Interest
Only 8 people have searched for PCG on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added PG&E to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PG&E insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $169,000.00 in company stock.
Percentage Held by Insiders
Only 0.10% of the stock of PG&E is held by insiders.
Percentage Held by Institutions
74.35% of the stock of PG&E is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for PG&E are expected to grow by 11.57% in the coming year, from $1.21 to $1.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PG&E is 18.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of PG&E is 18.08, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 90.42.
Price to Earnings Growth Ratio
PG&E has a PEG Ratio of 5.62. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
PG&E has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PG&E (NYSE:PCG) Stock

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1905 and is based in Oakland, California.

PCG Price History

30 days | 90 days | 365 days | Advanced Chart

PCG Stock News Headlines

September 27, 2023 | news.yahoo.com

Anti-nuclear groups demand ‘immediate shutdown’ of Diablo Canyon. Why PG&E disagrees

September 27, 2023 | finance.yahoo.com

Driving a Clean Energy Future: PG&E Celebrates National Drive Electric Week

September 28, 2023 | Behind the Markets (Ad)

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September 26, 2023 | msn.com

Here's How Much Money Scammers Stole From PG&E Customers This Year

September 25, 2023 | finance.yahoo.com

Unveiling PG&E (PCG)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 22, 2023 | finance.yahoo.com

Are Your Grandparents and Senior Neighbors Prepared for an Emergency? Are You Prepared to Help Them in The Event of a Disaster?

September 22, 2023 | news.yahoo.com

UPDATE: More Shasta County PG&E customers could see safety power shutoffs start today

September 21, 2023 | finance.yahoo.com

Wildfire Safety and Preparedness: The PG&E Corporation Foundation and California Fire Foundation Announce Wildfire Safety Grant Funding

September 28, 2023 | Chaikin Analytics (Ad)

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September 21, 2023 | msn.com

MAP: PG&E begins cutting power to prevent wildfires in parts of Northern California

September 20, 2023 | finance.yahoo.com

PG&E Encourages Customers to Check LIHEAP Eligibility, Apply for Bill Support

September 20, 2023 | msn.com

PG&E warns of possible power shutoffs due to weather conditions

September 20, 2023 | msn.com

PG&E may shut off power to 8 NorCal counties during Wednesday wind event

September 19, 2023 | msn.com

PG&E may cut power to 4,200 customers in Northern California to help prevent wildfires

September 19, 2023 | markets.businessinsider.com

Mizuho Securities Remains a Buy on PG&E (PCG)

September 19, 2023 | finance.yahoo.com

10 Best Investments During A Recession

September 19, 2023 | americanbankingnews.com

StockNews.com Upgrades PG&E (NYSE:PCG) to Hold

September 18, 2023 | finance.yahoo.com

UPDATE 1-US natgas prices climb 3% on higher feedgas to Freeport LNG in Texas

September 18, 2023 | americanbankingnews.com

PG&E Co. (NYSE:PCG) Given Average Rating of "Moderate Buy" by Brokerages

September 17, 2023 | barrons.com

PG&E Corp.

September 17, 2023 | markets.businessinsider.com

Analyst Expectations for PG&E's Future

September 15, 2023 | finance.yahoo.com

PG&E Corporation: Maintaining HOLD amid continued cost pressures

September 15, 2023 | finance.yahoo.com

Analyst Report: PG&E Corp.

September 14, 2023 | markets.businessinsider.com

Bank of America Securities Remains a Buy on PG&E (PCG)

September 14, 2023 | finance.yahoo.com

Insider Sell: Director Cheryl Campbell Sells 10,000 Shares of PG&E Corp

September 13, 2023 | news.yahoo.com

PG&E Foundation donates thousands to food banks, distribution centers

September 13, 2023 | usnews.com

California Regulators Propose Higher Rates for PG&E Customers to Reduce Wildfire Risk

See More Headlines

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PCG Company Calendar

Last Earnings: 7/27/2023
Today: 9/28/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric & other services combined
Sub-Industry: Multi-Utilities
Sector: Utilities
Current Symbol: NYSE:PCG
CUSIP: 69331C10
CIK: 1004980
Web: www.pgecorp.com
Phone: (415) 973-1000
Fax: 415-973-8719
Employees: 26,010
Year Founded: 1905

Price Target and Rating

Average Stock Price Forecast: $19.14
High Stock Price Forecast: $21.00
Low Stock Price Forecast: $14.00
Forecasted Upside/Downside: +16.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.91
Trailing P/E Ratio: 18.08
Forward P/E Ratio: 13.60
P/E Growth: 5.62
Net Income: $1.81 billion
Net Margins: 8.79%
Pretax Margin: 2.11%
Return on Equity: 9.79%
Return on Assets: 1.92%

Debt

Debt-to-Equity Ratio: 2.09
Current Ratio: 0.96
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $21.68 billion
Price / Sales: 1.95
Cash Flow: $2.43 per share
Price / Cash Flow: 6.78
Book Value: $9.36 per share
Price / Book: 1.76

Miscellaneous

Outstanding Shares: 2,568,990,000
Free Float: 2,566,416,000
Market Cap: $42.26 billion
Optionable: Optionable
Beta: 1.12

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Key Executives

Ms. Patricia Kessler Poppe (Age 54)
CEO & Director
Comp: $4.04M

Mr. John R. Simon (Age 58)
Exec. VP, Gen. Counsel and Chief Ethics & Compliance Officer

Mr. Julius Cox (Age 52)
Exec. VP of People, Shared Services & Supply Chain
Comp: $1.37M

Ms. Carolyn J. Burke (Age 56)
CFO & Exec. VP

Mr. Ajay Waghray (Age 61)
Exec. VP & Chief Information Officer

Mr. Jonathan P. Arnold
VP of Investor Relations

Mr. James A. Mesterharm (Age 55)
Chief Restructuring Officer

Ms. Carla J. Peterman (Age 44)
Exec. VP of Corp. Affairs & Chief Sustainability Officer

Mr. Matthew B. Hayes
VP of Enterprise Health & Safety and Chief Safety Officer

Mr. Brian M. Wong
VP, Deputy Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PCG Stock - Frequently Asked Questions

Should I buy or sell PG&E stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PG&E in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PCG shares.
View PCG analyst ratings or view top-rated stocks.
What is PG&E's stock price forecast for 2023?: 9 Wall Street research analysts have issued twelve-month target prices for PG&E's stock. Their PCG share price forecasts range from $14.00 to $21.00. On average, they predict the company's share price to reach $19.14 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for PCG or view top-rated stocks among Wall Street analysts.
How have PCG shares performed in 2023?: PG&E's stock was trading at $16.26 at the beginning of the year. Since then, PCG stock has increased by 1.2% and is now trading at $16.45.
View the best growth stocks for 2023 here.
Are investors shorting PG&E?: PG&E saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 25,630,000 shares, a decline of 28.2% from the August 15th total of 35,680,000 shares. Based on an average trading volume of 15,660,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.3% of the shares of the stock are short sold.
View PG&E's Short Interest.
When is PG&E's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PCG earnings forecast.
How were PG&E's earnings last quarter?: PG&E Co. (NYSE:PCG) posted its quarterly earnings data on Thursday, July, 27th. The utilities provider reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.04. The utilities provider earned $5.29 billion during the quarter, compared to analysts' expectations of $5.49 billion. PG&E had a net margin of 8.79% and a trailing twelve-month return on equity of 9.79%. The business's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share.
What ETFs hold PG&E's stock?: ETFs with the largest weight of PG&E (NYSE:PCG) stock in their portfolio include VanEck Uranium+Nuclear Energy ETF (NLR), Adaptiv Select ETF (ADPV), Leatherback Long/Short Alternative Yield ETF (LBAY), Virtus Reaves Utilities ETF (UTES), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), First Trust Utilities AlphaDEX Fund (FXU) and Invesco S&P 500 Equal Weight Utilities ETF (RYU).
What guidance has PG&E issued on next quarter's earnings?: PG&E issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $1.19-$1.23 for the period, compared to the consensus earnings per share estimate of $1.21. The company issued revenue guidance of -.

What is William D. Johnson's approval rating as PG&E's CEO?: 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.
What other stocks do shareholders of PG&E own?: 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).
What is PG&E's stock symbol?: PG&E trades on the New York Stock Exchange (NYSE) under the ticker symbol "PCG."
Who are PG&E's major shareholders?: PG&E's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (5.06%), Capital International Investors (3.93%), JPMorgan Chase & Co. (3.66%), State Street Corp (3.45%), Third Point LLC (2.10%) and Geode Capital Management LLC (1.36%). Insiders that own company stock include Arno Lockheart Harris, Carolyn Jeanne Burke, Cheryl F Campbell, Patricia K Poppe, Pg&E Fire Victim Trust and Robert C Flexon.
View institutional ownership trends.
How do I buy shares of PG&E?: 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.
What is PG&E's stock price today?: One share of PCG stock can currently be purchased for approximately $16.45.
How much money does PG&E make?: PG&E (NYSE:PCG) has a market capitalization of $42.26 billion and generates $21.68 billion in revenue each year. The utilities provider earns $1.81 billion in net income (profit) each year or $0.91 on an earnings per share basis.
How many employees does PG&E have?: The company employs 26,010 workers across the globe.
How can I contact PG&E?: 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.

This page (NYSE:PCG) was last updated on 9/28/2023 by MarketBeat.com Staff

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