PG&E (NYSE:PCG) Stock Price Up 5.4%

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PG&E Co. (NYSE:PCG) rose 5.4% on Monday . The stock traded as high as $8.00 and last traded at $7.86, approximately 13,126,747 shares changed hands during mid-day trading. A decline of 14% from the average daily volume of 15,291,673 shares. The stock had previously closed at $7.46.

PCG has been the subject of several analyst reports. UBS Group decreased their target price on PG&E from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, November 25th. Wells Fargo & Co reaffirmed a “hold” rating on shares of PG&E in a research report on Monday, October 28th. Citigroup reaffirmed a “sell” rating and issued a $5.00 target price on shares of PG&E in a research report on Monday, November 25th. Barclays decreased their target price on PG&E from $14.00 to $10.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Finally, ValuEngine raised PG&E from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.83.

The company has a quick ratio of 1.69, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $7.00 and a 200 day moving average of $13.80. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 1.97, a PEG ratio of 0.77 and a beta of 0.39.

PG&E (NYSE:PCG) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.10. PG&E had a positive return on equity of 18.81% and a negative net margin of 66.15%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.39 billion. As a group, equities research analysts expect that PG&E Co. will post 3.89 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Monarch Alternative Capital LP raised its stake in PG&E by 135.1% during the third quarter. Monarch Alternative Capital LP now owns 4,000,000 shares of the utilities provider’s stock valued at $40,000,000 after buying an additional 2,298,390 shares in the last quarter. Voloridge Investment Management LLC raised its stake in PG&E by 28.3% during the third quarter. Voloridge Investment Management LLC now owns 556,272 shares of the utilities provider’s stock valued at $5,563,000 after buying an additional 122,547 shares in the last quarter. Zimmer Partners LP raised its stake in PG&E by 1.2% during the third quarter. Zimmer Partners LP now owns 2,035,450 shares of the utilities provider’s stock valued at $20,355,000 after buying an additional 24,916 shares in the last quarter. Penserra Capital Management LLC raised its stake in PG&E by 183.7% during the third quarter. Penserra Capital Management LLC now owns 7,210 shares of the utilities provider’s stock valued at $71,000 after buying an additional 4,669 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in PG&E by 2.1% during the third quarter. California State Teachers Retirement System now owns 907,376 shares of the utilities provider’s stock valued at $9,074,000 after buying an additional 18,494 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

PG&E Company Profile (NYSE:PCG)

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 107,000 circuit miles of distribution lines, 50 transmission switching substations, and 769 distribution substations; and electricity transmission network comprises approximately 18,000 circuit miles of interconnected transmission lines and 84 electric transmission substations.

Read More: Earnings Per Share (EPS)

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