PG&E - PCG Stock Forecast, Price & News

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. As of December 31, 2021, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines; 33 electric transmission substations, approximately 108,000 circuit miles of distribution lines, 67 transmission switching substations, and 753 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,800 miles of distribution pipelines, approximately 6,200 miles of 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 headquartered in San Francisco, California.

PG&E Price Performance

Shares of PCG Stock opened at $12.13 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 2.01. PG&E has a 12-month low of $8.75 and a 12-month high of $13.19. The firm has a fifty day moving average of $10.62 and a 200-day moving average of $11.48. The firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 202.17, a price-to-earnings-growth ratio of 4.21 and a beta of 1.22.

PG&E (NYSE:PCG - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.63 billion. PG&E had a net margin of 1.03% and a return on equity of 10.56%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts forecast that PG&E will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their target price on PG&E from $14.00 to $13.50 and set an "equal weight" rating for the company in a research report on Monday, May 23rd. Credit Suisse Group lowered their price target on shares of PG&E from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Thursday, July 14th. Seaport Res Ptn restated a "neutral" rating on shares of PG&E in a report on Monday, June 13th. UBS Group lifted their target price on shares of PG&E to $18.00 in a report on Friday, June 3rd. Finally, Barclays cut their price target on PG&E from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, July 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $15.75.