Analysts Set PG&E Co. (NYSE:PCG) Price Target at $22.05

PG&E Co. (NYSE:PCG) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.05.

A number of research analysts have weighed in on PCG shares. BMO Capital Markets boosted their price objective on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Guggenheim lowered shares of PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $22.00 target price on shares of PG&E in a research note on Wednesday, February 12th. Barclays lowered their target price on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Mizuho boosted their target price on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th.

Insider Buying and Selling

In other news, Director Arno Lockheart Harris purchased 6,389 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $15.66 per share, with a total value of $100,051.74. Following the completion of the transaction, the director now owns 14,864 shares in the company, valued at $232,770.24. This represents a 75.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total transaction of $532,368.77. Following the sale, the executive vice president now directly owns 183,635 shares of the company’s stock, valued at approximately $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Institutional Trading of PG&E

Several hedge funds have recently modified their holdings of PCG. Versant Capital Management Inc lifted its position in shares of PG&E by 68.3% during the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after buying an additional 626 shares during the last quarter. True Wealth Design LLC lifted its position in shares of PG&E by 1,233.6% during the fourth quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider’s stock valued at $37,000 after buying an additional 1,690 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of PG&E by 563.0% during the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,627 shares during the last quarter. UMB Bank n.a. lifted its position in shares of PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,506 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in shares of PG&E by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider’s stock valued at $86,000 after buying an additional 825 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Trading Down 1.7 %

PCG stock opened at $16.91 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. PG&E has a twelve month low of $14.99 and a twelve month high of $21.72. The stock has a market capitalization of $45.16 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. The firm’s fifty day simple moving average is $16.16 and its two-hundred day simple moving average is $18.77.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The business had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, analysts anticipate that PG&E will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Monday, March 31st. PG&E’s dividend payout ratio (DPR) is presently 8.70%.

PG&E Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.