PG&E (NYSE:PCG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

PG&E (NYSE:PCG - Get Free Report) had its target price hoisted by equities research analysts at BMO Capital Markets from $21.00 to $23.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the utilities provider's stock. BMO Capital Markets' target price points to a potential upside of 44.34% from the stock's current price.

A number of other research analysts have also commented on PCG. Morgan Stanley lowered PG&E from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $20.00 to $16.50 in a report on Friday, February 14th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $22.00 target price on shares of PG&E in a report on Wednesday, February 12th. Barclays lowered their target price on PG&E from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. UBS Group lowered their target price on PG&E from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Finally, Mizuho raised their target price on PG&E from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.23.

PG&E Stock Up 1.6 %

Shares of NYSE PCG traded up $0.25 during mid-day trading on Tuesday, reaching $15.94. 31,811,842 shares of the company traded hands, compared to its average volume of 28,263,004. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The stock has a market cap of $42.57 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The company's fifty day moving average is $17.57 and its two-hundred day moving average is $19.12. PG&E has a fifty-two week low of $14.99 and a fifty-two week high of $21.72.

PG&E (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting analysts' consensus estimates of $0.31. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, analysts expect that PG&E will post 1.49 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Patricia K. Poppe sold 55,555 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the completion of the sale, the chief executive officer now directly owns 1,460,222 shares of the company's stock, valued at $30,168,186.52. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PG&E

A number of hedge funds and other institutional investors have recently bought and sold shares of PCG. Versant Capital Management Inc increased its holdings in PG&E by 68.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 626 shares in the last quarter. True Wealth Design LLC increased its stake in shares of PG&E by 1,233.6% in the 4th 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 period. Colonial Trust Co SC increased its stake in shares of PG&E by 563.0% in the 4th 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 period. UMB Bank n.a. increased its stake in shares of PG&E by 61.5% in the 4th 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 period. Finally, Blue Trust Inc. increased its stake in shares of PG&E by 77.7% in the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider's stock valued at $83,000 after buying an additional 1,834 shares during the period. 78.56% of the stock is owned by institutional investors and hedge funds.

About PG&E

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.