PG&E (NYSE:PCG) was downgraded by investment analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a report released on Monday.

Several other equities research analysts have also recently weighed in on PCG. BidaskClub upgraded shares of PG&E from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. ValuEngine raised shares of PG&E from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $70.00 target price on shares of PG&E in a research note on Monday, September 18th. Barclays raised their target price on shares of PG&E from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Finally, Mizuho reaffirmed a “buy” rating and issued a $78.00 target price on shares of PG&E in a research note on Monday, October 9th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. PG&E has a consensus rating of “Buy” and an average price target of $66.00.

Shares of PG&E (NYSE:PCG) opened at $53.05 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.85 and a quick ratio of 0.79. The firm has a market cap of $27,292.71, a PE ratio of 12.14, a price-to-earnings-growth ratio of 3.36 and a beta of 0.14. PG&E has a 1 year low of $49.83 and a 1 year high of $71.57.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.18. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.82 billion. PG&E had a net margin of 12.59% and a return on equity of 11.94%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 EPS. equities research analysts forecast that PG&E will post 3.69 earnings per share for the current fiscal year.

In related news, VP David S. Thomason sold 700 shares of PG&E stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $56.82, for a total transaction of $39,774.00. Following the transaction, the vice president now owns 6,657 shares of the company’s stock, valued at approximately $378,250.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC boosted its stake in PG&E by 3.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 870,562 shares of the utilities provider’s stock worth $59,277,000 after acquiring an additional 29,306 shares during the last quarter. Piedmont Investment Advisors LLC boosted its stake in PG&E by 0.9% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 110,358 shares of the utilities provider’s stock worth $7,514,000 after acquiring an additional 1,022 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in PG&E by 27.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 312,405 shares of the utilities provider’s stock worth $21,270,000 after acquiring an additional 67,179 shares during the last quarter. Zeke Capital Advisors LLC boosted its stake in PG&E by 119.1% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,566 shares of the utilities provider’s stock worth $583,000 after acquiring an additional 4,657 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in PG&E during the 3rd quarter worth approximately $415,000. 81.14% of the stock is currently owned by institutional investors and hedge funds.

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PG&E Company Profile

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.

Analyst Recommendations for PG&E (NYSE:PCG)

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