PG&E (NYSE:PCG) had its price objective boosted by Argus to $36.00 in a research report released on Friday morning, The Fly reports. They currently have a buy rating on the utilities provider’s stock.

PCG has been the topic of a number of other reports. Goldman Sachs Group set a $49.00 price target on PG&E and gave the stock a hold rating in a research report on Friday, September 14th. Morgan Stanley cut PG&E from an overweight rating to an equal weight rating and dropped their price target for the stock from $67.00 to $31.00 in a research report on Thursday. Bank of America reissued a hold rating and issued a $48.00 price target on shares of PG&E in a research report on Wednesday, August 1st. ValuEngine raised PG&E from a strong sell rating to a sell rating in a research report on Friday, October 12th. Finally, Zacks Investment Research cut PG&E from a strong-buy rating to a hold rating in a research report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $46.07.

PG&E stock opened at $24.40 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 0.93. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 1.82 and a beta of -0.09. PG&E has a fifty-two week low of $17.26 and a fifty-two week high of $55.35.

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

In related news, COO Nickolas Stavropoulos sold 1,161 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $44.79, for a total value of $52,001.19. Following the transaction, the chief operating officer now directly owns 78,223 shares of the company’s stock, valued at approximately $3,503,608.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its position in PG&E by 5.4% in the 3rd quarter. Creative Planning now owns 21,790 shares of the utilities provider’s stock valued at $1,003,000 after acquiring an additional 1,116 shares in the last quarter. Bessemer Group Inc. lifted its position in PG&E by 67.1% in the 3rd quarter. Bessemer Group Inc. now owns 2,893 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 1,162 shares in the last quarter. State Treasurer State of Michigan lifted its position in PG&E by 0.8% in the 3rd quarter. State Treasurer State of Michigan now owns 154,129 shares of the utilities provider’s stock valued at $7,091,000 after acquiring an additional 1,200 shares in the last quarter. CIBC Asset Management Inc lifted its position in PG&E by 2.4% in the 2nd quarter. CIBC Asset Management Inc now owns 52,905 shares of the utilities provider’s stock valued at $2,252,000 after acquiring an additional 1,242 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in PG&E by 1.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 101,364 shares of the utilities provider’s stock valued at $4,663,000 after acquiring an additional 1,382 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

PG&E Company Profile

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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