PG&E (PCG) – Analysts’ Recent Ratings Updates

PG&E (NYSE: PCG) has recently received a number of price target changes and ratings updates:

  • 9/12/2018 – PG&E was upgraded by analysts at Morgan Stanley to an “overweight” rating.
  • 9/11/2018 – PG&E had its price target raised by analysts at Morgan Stanley from $63.00 to $67.00. They now have a “buy” rating on the stock.
  • 9/6/2018 – PG&E was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.
  • 9/4/2018 – PG&E was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $52.00 price target on the stock, up previously from $50.00.
  • 9/4/2018 – PG&E was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $56.00 price target on the stock, up previously from $48.00.
  • 8/29/2018 – PG&E was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating.
  • 8/27/2018 – PG&E had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 8/6/2018 – PG&E was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating.
  • 8/1/2018 – PG&E had its “hold” rating reaffirmed by analysts at Bank of America Corp. They now have a $48.00 price target on the stock.
  • 7/27/2018 – PG&E had its price target raised by analysts at Wells Fargo & Co from $46.00 to $48.00. They now have a “market perform” rating on the stock.
  • 7/25/2018 – PG&E had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 7/16/2018 – PG&E had its price target raised by analysts at Morgan Stanley from $58.00 to $63.00. They now have a “buy” rating on the stock.

PCG stock opened at $46.52 on Friday. PG&E Co. has a 12 month low of $37.30 and a 12 month high of $70.38. The company has a market cap of $23.94 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 2.93 and a beta of -0.07. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 0.92.

PG&E (NYSE:PCG) last released its earnings results on Thursday, July 26th. The utilities provider reported $1.16 EPS for the quarter, beating the consensus estimate of $0.94 by $0.22. PG&E had a net margin of 0.80% and a return on equity of 10.20%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. equities analysts predict that PG&E Co. will post 3.79 earnings per share for the current fiscal year.

In related news, COO Nickolas Stavropoulos sold 1,161 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $44.79, for a total transaction of $52,001.19. Following the completion of the sale, the chief operating officer now directly owns 78,223 shares of the company’s stock, valued at $3,503,608.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in shares of PG&E by 1.1% in the 1st quarter. Victory Capital Management Inc. now owns 206,917 shares of the utilities provider’s stock valued at $9,090,000 after acquiring an additional 2,214 shares in the last quarter. LSV Asset Management lifted its position in shares of PG&E by 3.1% in the 1st quarter. LSV Asset Management now owns 423,700 shares of the utilities provider’s stock valued at $18,613,000 after acquiring an additional 12,700 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of PG&E in the 1st quarter valued at approximately $125,000. ETRADE Capital Management LLC purchased a new stake in shares of PG&E in the 1st quarter valued at approximately $262,000. Finally, Aperio Group LLC lifted its position in shares of PG&E by 61.1% in the 1st quarter. Aperio Group LLC now owns 459,568 shares of the utilities provider’s stock valued at $20,189,000 after acquiring an additional 174,333 shares in the last quarter. 81.43% of the stock is owned by institutional investors and hedge funds.

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 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.

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