PG&E Co. (NYSE:PCG) Receives Average Recommendation of “Hold” from Analysts

Shares of PG&E Co. (NYSE:PCG) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.40.

Several analysts recently issued reports on PCG shares. Wolfe Research downgraded shares of PG&E from an “outperform” rating to a “peer perform” rating in a report on Friday, June 28th. Zacks Investment Research raised shares of PG&E from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a report on Tuesday, July 23rd. Finally, Morgan Stanley upped their price objective 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.

NYSE:PCG traded down $0.39 during trading hours on Friday, hitting $18.12. 5,812,576 shares of the company traded hands, compared to its average volume of 5,796,229. The company has a market capitalization of $9.61 billion, a PE ratio of 4.53, a price-to-earnings-growth ratio of 2.11 and a beta of 0.29. PG&E has a twelve month low of $5.07 and a twelve month high of $49.42. The stock’s 50-day moving average price is $20.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.22 and a quick ratio of 2.11.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Friday, August 9th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.11. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.30 billion. PG&E had a negative net margin of 42.76% and a positive return on equity of 13.30%. During the same quarter in the prior year, the company posted $1.16 EPS. On average, analysts expect that PG&E will post 3.82 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new stake in shares of PG&E during the 2nd quarter worth about $35,000. Penserra Capital Management LLC bought a new position in shares of PG&E in the 1st quarter valued at about $42,000. Sageworth Trust Co bought a new position in shares of PG&E in the 2nd quarter valued at about $42,000. NEXT Financial Group Inc bought a new position in shares of PG&E in the 2nd quarter valued at about $43,000. Finally, Liberty Wealth Management LLC boosted its stake in shares of PG&E by 836.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 2,022 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 1,806 shares during the last quarter. Hedge funds and other institutional investors own 88.52% 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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