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

Shares of PG&E Co. (NYSE:PCG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $22.05.

A number of equities research analysts have recently weighed in on the company. Morgan Stanley raised their price target on PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a research note on Thursday. UBS Group cut shares of PG&E from a "buy" rating to a "neutral" rating and reduced their target price for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. Guggenheim downgraded shares of PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. Barclays lowered their target price on shares of PG&E from $24.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Finally, BMO Capital Markets upped their price target on PG&E from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th.

PG&E Stock Up 1.6 %

NYSE:PCG traded up $0.28 on Friday, hitting $17.16. 11,185,434 shares of the company's stock traded hands, compared to its average volume of 15,143,557. The firm has a 50-day moving average price of $16.16 and a 200-day moving average price of $18.77. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The company has a market cap of $45.83 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. PG&E has a 1 year low of $14.99 and a 1 year high of $21.72.

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PG&E (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. Equities analysts anticipate that PG&E will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, March 31st. PG&E's dividend payout ratio (DPR) is presently 8.70%.

Insider Transactions at PG&E

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of PG&E during the 3rd quarter valued at about $292,000. Empowered Funds LLC lifted its stake in PG&E by 8.9% during the third quarter. Empowered Funds LLC now owns 35,482 shares of the utilities provider's stock worth $701,000 after purchasing an additional 2,904 shares during the period. Pathstone Holdings LLC boosted its holdings in PG&E by 9.6% during the third quarter. Pathstone Holdings LLC now owns 117,624 shares of the utilities provider's stock valued at $2,326,000 after purchasing an additional 10,276 shares in the last quarter. Caprock Group LLC grew its stake in shares of PG&E by 8.7% in the 3rd quarter. Caprock Group LLC now owns 26,654 shares of the utilities provider's stock valued at $527,000 after purchasing an additional 2,129 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of PG&E in the 3rd quarter worth approximately $855,000. 78.56% of the stock is owned by institutional investors.

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.