Shares of PG&E Co. (NYSE:PCG) have been given an average rating of “Hold” by the nineteen analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.62.

A number of brokerages have issued reports on PCG. Morgan Stanley set a $70.00 target price on shares of Edison International and gave the company a “hold” rating in a research note on Monday, July 15th. Wolfe Research raised shares of Covenant Transportation Group from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 28th.

Shares of NYSE:PCG traded down $0.67 during trading on Tuesday, reaching $17.79. 4,228,201 shares of the company traded hands, compared to its average volume of 8,115,293. The company has a fifty day simple moving average of $20.34. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 4.45, a P/E/G ratio of 2.07 and a beta of 0.32. PG&E has a 1-year low of $5.07 and a 1-year high of $49.42. The company has a current ratio of 2.22, a quick ratio of 2.11 and a debt-to-equity ratio of 0.17.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.14. The company had revenue of $4.01 billion during the quarter, compared to analyst estimates of $4.19 billion. PG&E had a negative net margin of 42.76% and a positive return on equity of 13.30%. As a group, research analysts anticipate that PG&E will post 3.82 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in PG&E in the 1st quarter worth $42,000. Sageworth Trust Co bought a new position in PG&E in the 2nd quarter worth $42,000. NEXT Financial Group Inc bought a new position in PG&E in the 2nd quarter worth $43,000. Picton Mahoney Asset Management bought a new position in PG&E in the 1st quarter worth $153,000. Finally, Rational Advisors LLC raised its holdings in PG&E by 266.3% in the 1st quarter. Rational Advisors LLC now owns 9,219 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 6,702 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

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 residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,000 circuit miles of distribution lines, 50 transmission switching substations, and 769 distribution substations; and electricity transmission network comprises approximately 18,000 circuit miles of interconnected transmission lines and 84 electric transmission substations.

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Analyst Recommendations for PG&E (NYSE:PCG)

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