PG&E (NYSE:PCG) Stock Rating Upgraded by StockNews.com

PG&E (NYSE:PCG) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other equities analysts also recently weighed in on PCG. Barclays lowered their target price on shares of PG&E from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, October 17th. Evercore ISI reaffirmed an “in-line” rating and set a $16.00 price objective on shares of PG&E in a research report on Monday, October 23rd. JPMorgan Chase & Co. reduced their price objective on shares of PG&E from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, October 17th. Mizuho lifted their price objective on shares of PG&E from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Guggenheim reduced their price objective on shares of PG&E from $21.00 to $19.00 in a research report on Monday, October 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.63.

PG&E Stock Down 1.3 %

PCG traded down $0.24 during trading on Monday, reaching $17.69. 19,211,139 shares of the stock were exchanged, compared to its average volume of 15,948,979. The stock has a market cap of $46.18 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 5.84 and a beta of 1.15. PG&E has a twelve month low of $14.71 and a twelve month high of $18.19. The stock’s 50 day moving average price is $16.49 and its two-hundred day moving average price is $16.89. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.79 and a current ratio of 0.84.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.04). The firm had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.48 billion. PG&E had a return on equity of 9.21% and a net margin of 8.13%. PG&E’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Equities analysts expect that PG&E will post 1.21 EPS for the current year.

Insiders Place Their Bets

In other PG&E news, Director Cheryl F. Campbell sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $16.90, for a total transaction of $169,000.00. Following the completion of the transaction, the director now owns 54,153 shares of the company’s stock, valued at $915,185.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Clear Street Markets LLC acquired a new stake in PG&E during the 4th quarter valued at approximately $26,000. Tucker Asset Management LLC acquired a new stake in PG&E during the 1st quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new stake in PG&E during the 1st quarter valued at approximately $32,000. IFP Advisors Inc increased its position in PG&E by 725.8% during the 2nd quarter. IFP Advisors Inc now owns 768 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 675 shares during the period. Finally, Quarry LP acquired a new stake in PG&E during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

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 customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.