PG&E Corp. (PCG) Volatility Spurs A Quest For Clarity

Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 1,038,547 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 1,038,442 shares.

However, the script later moved the day high at 17.09, down -0.35%. The company’s stock has a 5-day price change of 2.72% and 7.34% over the past three months. PCG shares are trading -5.88% year to date (YTD), with the 12-month market performance up to 5.67% higher. It has a 12-month low price of $14.71 and touched a high of $18.32 over the same period. PCG has an average intraday trading volume of 18.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.29%, -3.15%, and -0.46% respectively.

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Institutional ownership of PG&E Corp. (NYSE: PCG) shares accounts for 91.46% of the company’s 2.13B shares outstanding.

It has a market capitalization of $36.21B and a beta (3y monthly) value of 1.37. The stock’s trailing 12-month PE ratio is 19.34, while the earnings-per-share (ttm) stands at $0.88. The company has a PEG of 1.84 and a Quick Ratio of 0.79 with the debt-to-equity ratio at 2.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.63% over the week and 1.80% over the month.

Analysts forecast that PG&E Corp. (PCG) will achieve an EPS of $0.45 for the current quarter, $0.33 for the next quarter and $1.35 for 2024. The lowest estimate earnings-per-share for the quarter is $0.43 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 10.50%, and 11.09% over the next financial year. EPS should grow at an annualized rate of 10.50% over the next five years, compared to -23.43% over the past 5-year period.

Looking at the support for the PCG, a number of firms have released research notes about the stock. Evercore ISI stated their In-line rating for the stock in a research note on October 23, 2023, with the firm’s price target at $16.

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