Why Should You Put PG&E Corp. (NYSE: PCG) On Your Portfolio?

Currently, there are 2.13B common shares owned by the public and among those 2.01B shares have been available to trade.

Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 222,028 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 300,915 shares.

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However, the script later moved the day high at 17.16, up 2.28%. The company’s stock has a 5-day price change of 3.02% and -4.00% over the past three months. PCG shares are trading -5.55% year to date (YTD), with the 12-month market performance up to 9.73% 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 19.93 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 2.59%, -0.87%, and 0.15% respectively.

Institutional ownership of PG&E Corp. (NYSE: PCG) shares accounts for 93.87% of the company’s 2.13B shares outstanding.

It has a market capitalization of $36.33B and a beta (3y monthly) value of 1.33. The stock’s trailing 12-month PE ratio is 19.41, while the earnings-per-share (ttm) stands at $0.88. The company has a PEG of 1.85 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 2.33% over the week and 1.89% over the month.

Analysts forecast that PG&E Corp. (PCG) will achieve an EPS of $0.34 for the current quarter, $0.32 for the next quarter and $1.47 for 2025. The lowest estimate earnings-per-share for the quarter is $0.32 while analysts give the company a high EPS estimate of $0.35. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 9.76%, and 9.17% 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. Barclays coverage for the PG&E Corp. (PCG) stock in a research note released on August 23, 2023 offered a Overweight rating with a price target of $19. UBS was of a view on August 07, 2023 that the stock is Buy, while Ladenburg Thalmann gave the stock Buy rating on April 03, 2023, issuing a price target of $20.50. UBS on their part issued Neutral rating on January 03, 2023.

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