In yesterday’s Wall Street session, PG&E Corp. (NYSE:PCG) shares traded at $19.83, up 0.30% from the previous session.
PCG stock price is now 4.22% away from the 50-day moving average and 11.97% away from the 200-day moving average. The market capitalization of the company currently stands at $42.39B.
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On June 10, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $19 to quote $22, while ‘Goldman’ rates the stock as ‘Buy’
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 $0.38 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 2.40% 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 $20.65. 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 $101933858816, which is based on a 16.83 price-to-earnings ratio, a 1.75 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for PCG is $19.0594 and a two-hundred day moving average price translates $17.7181 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.
