PG&E (NYSE:PCG) Stock Rating Upgraded by StockNews.com

PG&E (NYSE:PCG) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. decreased their price target on PG&E from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Evercore ISI reissued an “in-line” rating and set a $16.00 price target on shares of PG&E in a research note on Monday, October 23rd. UBS Group raised PG&E from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $21.00 in a research note on Monday, August 7th. Barclays decreased their price target on PG&E from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. Finally, Guggenheim decreased their price target on PG&E from $21.00 to $19.00 in a research note on Monday, October 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.63.

PG&E Stock Performance

PCG traded down $0.24 during trading on Monday, reaching $17.69. The company’s stock had a trading volume of 19,211,139 shares, compared to its average volume of 15,948,979. PG&E has a 52-week low of $14.71 and a 52-week high of $18.19. The company’s fifty day moving average price is $16.49 and its 200-day moving average price is $16.89. The company has a market capitalization of $46.18 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 5.84 and a beta of 1.15. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.79 and a current ratio of 0.84.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). PG&E had a net margin of 8.13% and a return on equity of 9.21%. The business had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the firm posted $0.29 EPS. PG&E’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that PG&E will post 1.21 earnings per share for the current fiscal year.

Insider Buying and Selling at PG&E

In other PG&E news, Director Cheryl F. Campbell sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $16.90, for a total value of $169,000.00. Following the completion of the transaction, the director now directly owns 54,153 shares in the company, valued at approximately $915,185.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

Institutional Trading of PG&E

Institutional investors and hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC boosted its position in PG&E by 5.2% during the 2nd quarter. Ballentine Partners LLC now owns 11,818 shares of the utilities provider’s stock worth $204,000 after purchasing an additional 584 shares during the period. IFP Advisors Inc boosted its position in PG&E by 725.8% during the 2nd quarter. IFP Advisors Inc now owns 768 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 675 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in PG&E by 1.2% during the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 60,311 shares of the utilities provider’s stock worth $975,000 after purchasing an additional 704 shares during the period. Kentucky Retirement Systems boosted its position in PG&E by 0.6% during the 1st quarter. Kentucky Retirement Systems now owns 127,301 shares of the utilities provider’s stock worth $2,058,000 after purchasing an additional 720 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in PG&E by 5.5% during the 1st quarter. Wetherby Asset Management Inc. now owns 14,490 shares of the utilities provider’s stock worth $234,000 after purchasing an additional 752 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

PG&E Company Profile

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.