PG&E Co. (NYSE:PCG) has been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.91.

Several research analysts have recently issued reports on PCG shares. Evercore ISI set a $25.00 price target on shares of PG&E and gave the stock a “hold” rating in a report on Monday. Zacks Investment Research upgraded shares of PG&E from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a report on Tuesday, July 23rd. Wolfe Research downgraded shares of PG&E from an “outperform” rating to a “peer perform” rating in a report on Friday, June 28th. Morgan Stanley upped their price target on shares of PG&E from $17.50 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, July 15th. Finally, Wells Fargo & Co set a $25.00 price target on shares of PG&E and gave the stock a “hold” rating in a report on Monday.

NYSE PCG traded down $1.43 on Friday, hitting $14.50. 291,091 shares of the company’s stock were exchanged, compared to its average volume of 5,357,079. The business has a 50-day moving average price of $19.46. 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 has a 52 week low of $5.07 and a 52 week high of $49.42. The company has a market cap of $8.86 billion, a PE ratio of 3.58, a price-to-earnings-growth ratio of 1.94 and a beta of 0.29.

PG&E (NYSE:PCG) last released its earnings results on Friday, August 9th. The utilities provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.11. PG&E had a positive return on equity of 14.00% and a negative net margin of 53.07%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company earned $1.16 earnings per share. On average, equities research analysts anticipate that PG&E will post 3.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in PG&E by 0.6% in the second quarter. BNP Paribas Arbitrage SA now owns 197,427 shares of the utilities provider’s stock valued at $4,525,000 after purchasing an additional 1,192 shares during the period. Allianz Asset Management GmbH increased its holdings in PG&E by 5.2% in the second quarter. Allianz Asset Management GmbH now owns 24,682 shares of the utilities provider’s stock valued at $566,000 after purchasing an additional 1,225 shares during the period. Comerica Bank increased its holdings in PG&E by 5.5% in the second quarter. Comerica Bank now owns 24,205 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 1,258 shares during the period. Aperio Group LLC acquired a new stake in PG&E in the second quarter valued at $35,000. Finally, Tobam increased its holdings in PG&E by 19.9% in the second quarter. Tobam now owns 9,783 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 1,626 shares during the period. Institutional investors and hedge funds own 88.61% 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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