The price of PG&E Corp. (NYSE:PCG) shares last traded on Wall Street rose 0.44% to $18.32.
PCG stock price is now 5.49% away from the 50-day moving average and 8.00% away from the 200-day moving average. The market capitalization of the company currently stands at $39.15B.
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With the price target of $21, Goldman recently initiated with Buy rating for PG&E Corp. (NYSE: PCG). , while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Poppe Patricia K, Chief Executive Officer sold 59,000 shares of the company’s stock on Apr 30 ’24. The stock was sold for $1,007,720 at an average price of $17.08. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,515,777 shares in the company, valued at $27.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’23, Director Campbell Cheryl F. sold 10,000 shares of the business’s stock. A total of $169,000 was realized by selling the stock at an average price of $16.90. This leaves the insider owning 54,153 shares of the company worth $0.99 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 $18.95. As of last week, the company has a debt-to-equity ratio of 2.28, a current ratio of 0.99, and a quick ratio of 0.93. According to the stock market information, the enterprise value for the company is $97314742272, which is based on a 16.28 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for PCG is $17.4042 and a two-hundred day moving average price translates $16.9711 for the stock.
The latest earnings results from PG&E Corp. (NYSE: PCG) was released for 2024-03-31. The net profit margin was 9.99% and return on equity was 9.86% for PCG. The company reported revenue of $5.86 billion for the quarter, compared to $6.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.6 percent.
