Stocks of PG&E Corp. (NYSE:PCG) traded higher last session on Wall Street, up 0.32% to $18.63.
PCG stock price is now 3.81% away from the 50-day moving average and 7.24% away from the 200-day moving average. The market capitalization of the company currently stands at $39.82B.
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With the price target enhanced from $19 to $22, JP Morgan Upgraded its rating from Neutral to Overweight for PG&E Corp. (NYSE: PCG). On April 10, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $21, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Williams Stephanie N, VP and Controller sold 38,601 shares of the company’s stock on Aug 15 ’24. The stock was sold for $707,170 at an average price of $18.32. Upon completion of the transaction, the VP and Controller now directly owns 19,114 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, Officer Williams Stephanie N bought 38,601 shares of the business’s stock. A total of $707,148 was incurred on buying the stock at an average price of $18.32. A total of 5.66% 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 2.31, a current ratio of 0.90, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $99368902656, which is based on a 15.81 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for PCG is $17.9574 and a two-hundred day moving average price translates $17.38215 for the stock.
The latest earnings results from PG&E Corp. (NYSE: PCG) was released for 2024-06-30. The net profit margin was 10.17% and return on equity was 10.13% for PCG. The company reported revenue of $5.99 billion for the quarter, compared to $5.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.16 percent. For the current quarter, analysts expect PCG to generate $6.46B in revenue.
