The stock of PG&E Corp. (NYSE:PCG) last traded at $16.06, down -1.17% from the previous session.
PCG stock price is now -4.28% away from the 50-day moving average and -5.41% away from the 200-day moving average. The market capitalization of the company currently stands at $34.27B.
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On August 23, 2023, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $19, while ‘UBS’ rates the stock as ‘Buy’
In other news, Campbell Cheryl F., Director sold 10,000 shares of the company’s stock on Sep 12 ’23. The stock was sold for $169,000 at an average price of $16.90. Upon completion of the transaction, the Director now directly owns 54,153 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 30 ’23, EVP Finance Burke Carolyn Jeanne bought 156 shares of the business’s stock. A total of $2,480 was incurred on buying the stock at an average price of $15.90. This leaves the insider owning 25,072 shares of the company worth $0.4 million. A total of 5.90% of the company’s stock is owned by insiders.
During the past 12 months, PG&E Corp. has had a low of $14.71 and a high of $18.32. As of last week, the company has a debt-to-equity ratio of 2.31, a current ratio of 0.83, and a quick ratio of 0.78. According to the stock market information, the enterprise value for the company is $99.53B, which is based on a 15.29 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 1.33. The fifty day moving average price for PCG is $16.74 and a two-hundred day moving average price translates $16.97 for the stock.
The latest earnings results from PG&E Corp. (NYSE: PCG) was released for Dec, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.47, beating analysts’ expectations of $0.45 by 0.02. This compares to $0.24 EPS in the same period last year. The net profit margin was 9.18% and return on equity was 9.43% for PCG. The company reported revenue of $7.04 billion for the quarter, compared to $5.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.12 percent. For the current quarter, analysts expect PCG to generate $6.49B in revenue.
PG&E Corp.(PCG) 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 customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. PG&E Corporation was incorporated in 1905 and is based in Oakland, California.
