Analysts Set PG&E Co. (NYSE:PCG) PT at $22.80

PG&E Co. (NYSE:PCG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.80.

Several analysts have recently weighed in on PCG shares. Wells Fargo & Company lifted their price objective on shares of PG&E from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Morgan Stanley increased their price objective on PG&E from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Barclays lifted their target price on PG&E from $24.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Jefferies Financial Group started coverage on PG&E in a research report on Monday, October 14th. They issued a "buy" rating and a $24.00 price target for the company. Finally, Bank of America initiated coverage on shares of PG&E in a report on Thursday, September 12th. They set a "buy" rating and a $24.00 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. King Street Capital Management L.P. bought a new position in PG&E during the second quarter worth about $1,964,250,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of PG&E by 17.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 101,910,190 shares of the utilities provider's stock worth $1,779,352,000 after acquiring an additional 14,998,472 shares during the period. FMR LLC grew its position in shares of PG&E by 5.1% in the third quarter. FMR LLC now owns 176,839,426 shares of the utilities provider's stock valued at $3,496,115,000 after purchasing an additional 8,604,396 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PG&E by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 282,332,215 shares of the utilities provider's stock valued at $4,731,888,000 after purchasing an additional 5,635,693 shares during the period. Finally, State Street Corp lifted its holdings in shares of PG&E by 5.0% in the third quarter. State Street Corp now owns 108,953,808 shares of the utilities provider's stock worth $2,155,093,000 after buying an additional 5,191,463 shares in the last quarter. 78.56% of the stock is owned by institutional investors.

PG&E Trading Up 0.2 %

Shares of PCG stock traded up $0.05 on Friday, hitting $21.04. The company had a trading volume of 21,825,309 shares, compared to its average volume of 13,813,047. PG&E has a twelve month low of $15.94 and a twelve month high of $21.51. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04. The firm has a market cap of $55.03 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.63 and a beta of 1.03. The stock's 50-day moving average is $20.12 and its two-hundred day moving average is $18.87.

PG&E (NYSE:PCG - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the business earned $0.24 EPS. The company's revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that PG&E will post 1.36 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date was Monday, September 30th. PG&E's dividend payout ratio is 3.13%.

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 customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.