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.

Analysts Set New Price Targets

A number of brokerages have weighed in on PCG. Morgan Stanley lowered their price target on PG&E from $14.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, May 23rd. UBS Group increased their price target on shares of PG&E to $18.00 in a research report on Friday, June 3rd. Barclays dropped their price target on PG&E from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, July 18th. Seaport Res Ptn reiterated a "neutral" rating on shares of PG&E in a report on Monday, June 13th. Finally, Credit Suisse Group dropped their price objective on shares of PG&E from $17.00 to $15.00 and set an "outperform" rating on the stock in a report on Thursday, July 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.75.

PG&E Trading Up 2.1 %

Shares of PCG traded up $0.25 during mid-day trading on Monday, reaching $12.38. 438,202 shares of the company's stock traded hands, compared to its average volume of 17,542,223. PG&E has a 12 month low of $8.75 and a 12 month high of $13.19. The stock has a market cap of $30.52 billion, a P/E ratio of 206.33, a P/E/G ratio of 4.42 and a beta of 1.22. The stock's 50-day moving average is $10.62 and its two-hundred day moving average is $11.47. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.78 and a quick ratio of 0.73.

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