PG&E (PCG) Rating Reiterated by Barclays

PG&E (NYSE:PCG)‘s stock had its “hold” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Friday. They presently have a $19.00 price target on the utilities provider’s stock. Barclays‘s target price suggests a potential upside of 174.96% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Argus lifted their target price on PG&E to $36.00 and gave the company a “buy” rating in a research report on Friday, November 16th. Goldman Sachs Group set a $49.00 target price on PG&E and gave the company a “hold” rating in a research report on Friday, September 14th. Zacks Investment Research cut PG&E from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. Citigroup set a $48.00 target price on PG&E and gave the company a “hold” rating in a research report on Monday, October 8th. Finally, Wells Fargo & Co decreased their target price on PG&E from $60.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, December 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.34.

PCG stock traded down $1.47 during midday trading on Friday, reaching $6.91. The company had a trading volume of 172,879,267 shares, compared to its average volume of 46,191,707. PG&E has a 1-year low of $5.07 and a 1-year high of $49.42. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.93. The company has a market cap of $9.12 billion, a PE ratio of 1.88, a price-to-earnings-growth ratio of 1.26 and a beta of 0.01.

PG&E (NYSE:PCG) last released its earnings results on Monday, November 5th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.01). PG&E had a net margin of 0.89% and a return on equity of 10.17%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, analysts anticipate that PG&E will post 3.82 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new stake in shares of PG&E during the third quarter worth about $104,000. FNY Investment Advisers LLC grew its holdings in shares of PG&E by 35,614.3% during the third quarter. FNY Investment Advisers LLC now owns 2,500 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 2,493 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of PG&E by 42.7% during the fourth quarter. First Hawaiian Bank now owns 2,599 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 778 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of PG&E by 67.1% during the third quarter. Bessemer Group Inc. now owns 2,893 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Destination Wealth Management grew its holdings in shares of PG&E by 78.2% during the third quarter. Destination Wealth Management now owns 3,624 shares of the utilities provider’s stock worth $167,000 after purchasing an additional 1,590 shares during the last quarter. Institutional investors own 82.57% 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 residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.

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Analyst Recommendations for PG&E (NYSE:PCG)

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