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.

Wall Street Analysts Forecast Growth

PCG has been the subject of a number of recent analyst reports. Barclays decreased their price target on shares of PG&E from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Seaport Res Ptn restated a "neutral" rating on shares of PG&E in a research note on Monday, June 13th. Credit Suisse Group reduced their price objective on PG&E from $17.00 to $15.00 and set an "outperform" rating on the stock in a research note on Thursday, July 14th. UBS Group raised their target price on PG&E to $18.00 in a research note on Friday, June 3rd. Finally, Morgan Stanley cut their target price on PG&E from $14.00 to $13.50 and set an "equal weight" rating on the stock in a research note on Monday, May 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, PG&E presently has a consensus rating of "Moderate Buy" and an average price target of $15.75.

PG&E Trading Down 0.1 %

PCG traded down $0.01 during trading on Tuesday, reaching $11.26. The company had a trading volume of 50,731 shares, compared to its average volume of 10,069,162. The firm's 50-day simple moving average is $10.67 and its 200 day simple moving average is $11.48. The company has a market cap of $27.76 billion, a price-to-earnings ratio of 187.83, a PEG ratio of 4.06 and a beta of 1.22. PG&E has a 12-month low of $8.29 and a 12-month high of $13.19. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.73 and a current ratio of 0.78.

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