Citigroup restated their neutral rating on shares of PG&E (NYSE:PCG) in a report published on Monday, The Fly reports.
A number of other equities research analysts also recently issued reports on PCG. Evercore ISI reduced their price target on PG&E from $66.00 to $61.00 in a research report on Monday, October 16th. Barclays increased their price target on PG&E from $69.00 to $72.00 and gave the stock an overweight rating in a research report on Friday, September 22nd. Royal Bank of Canada reissued a buy rating and set a $70.00 price target on shares of PG&E in a research report on Monday, September 18th. BidaskClub raised PG&E from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Finally, Wells Fargo & Company reduced their price target on PG&E from $79.00 to $67.00 and set an outperform rating on the stock in a research report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. PG&E has a consensus rating of Buy and an average target price of $65.38.
Shares of PG&E (PCG) traded down $6.62 during trading hours on Monday, reaching $44.50. The company had a trading volume of 52,389,100 shares, compared to its average volume of 3,428,222. The firm has a market capitalization of $26,297.29, a P/E ratio of 11.70, a P/E/G ratio of 3.24 and a beta of 0.14. PG&E has a 1-year low of $41.61 and a 1-year high of $71.57. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.86.
In other PG&E news, VP David S. Thomason sold 700 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total transaction of $39,774.00. Following the completion of the sale, the vice president now directly owns 6,657 shares in the company, valued at $378,250.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PCG. Blair William & Co. IL lifted its stake in shares of PG&E by 7.4% in the 2nd quarter. Blair William & Co. IL now owns 4,315 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 298 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of PG&E by 1.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,691,774 shares of the utilities provider’s stock valued at $112,283,000 after acquiring an additional 30,786 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of PG&E by 15.5% in the 2nd quarter. Parallel Advisors LLC now owns 8,573 shares of the utilities provider’s stock valued at $580,000 after acquiring an additional 1,150 shares during the last quarter. Calamos Advisors LLC lifted its stake in shares of PG&E by 2.7% in the 2nd quarter. Calamos Advisors LLC now owns 64,545 shares of the utilities provider’s stock valued at $4,284,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Pinebridge Investments L.P. bought a new position in shares of PG&E in the 2nd quarter valued at $812,000. Institutional investors own 81.07% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.com-unik.info/2017/12/22/pge-pcg-given-neutral-rating-at-citigroup.html.
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.
Receive News & Ratings for PG&E Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PG&E and related companies with MarketBeat.com's FREE daily email newsletter.