PG&E Co. (PCG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of PG&E Co. (NYSE:PCG) have been assigned a consensus rating of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.58.

A number of equities analysts recently commented on the stock. Bank of America reaffirmed a “buy” rating and set a $63.00 price target (up from $57.00) on shares of PG&E in a research report on Tuesday, November 6th. Morgan Stanley set a $66.00 price target on shares of PG&E and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Citigroup set a $48.00 price target on shares of PG&E and gave the stock a “hold” rating in a research report on Monday, October 8th. Zacks Investment Research lowered shares of PG&E from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, ValuEngine upgraded shares of PG&E from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th.

Institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in shares of PG&E by 76.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,073 shares of the utilities provider’s stock valued at $599,000 after purchasing an additional 6,083 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of PG&E by 55.4% in the 2nd quarter. Eqis Capital Management Inc. now owns 10,158 shares of the utilities provider’s stock valued at $432,000 after purchasing an additional 3,622 shares in the last quarter. Dupont Capital Management Corp boosted its stake in shares of PG&E by 45.6% in the 2nd quarter. Dupont Capital Management Corp now owns 6,943 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 2,175 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of PG&E in the 2nd quarter valued at approximately $329,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of PG&E by 8.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,784,161 shares of the utilities provider’s stock valued at $75,934,000 after purchasing an additional 132,005 shares in the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

NYSE:PCG traded down $0.24 during mid-day trading on Monday, reaching $25.79. 6,837,082 shares of the company’s stock were exchanged, compared to its average volume of 22,042,778. PG&E has a one year low of $17.26 and a one year high of $53.88. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 7.01, a P/E/G ratio of 1.94 and a beta of -0.17. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.62 and a current ratio of 0.67.

PG&E (NYSE:PCG) last released its quarterly earnings results on Monday, November 5th. The utilities provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). PG&E had a return on equity of 10.17% and a net margin of 0.89%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same period in the prior year, the business posted $1.12 earnings per share. PG&E’s revenue was down 3.0% compared to the same quarter last year. Sell-side analysts anticipate that PG&E will post 3.82 EPS for the current year.

About PG&E

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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Analyst Recommendations for PG&E (NYSE:PCG)

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