PG&E Corp. (NYSE: PCG): Stock That Needs Special Handling

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

The company’s stock has a 5-day price change of -1.25% and -5.52% over the past three months. PCG shares are trading -7.93% year to date (YTD), with the 12-month market performance down to -2.12% lower. 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 16.15 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 0.52%, 0.42%, and -1.99% respectively.

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Institutional ownership of PG&E Corp. (NYSE: PCG) shares accounts for 93.95% of the company’s 2.13B shares outstanding.

It has a market capitalization of $35.42B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 15.81, while the earnings-per-share (ttm) stands at $1.05. The company has a PEG of 1.55 and a Quick Ratio of 0.78 with the debt-to-equity ratio at 2.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.58% over the week and 1.62% over the month.

Analysts forecast that PG&E Corp. (PCG) will achieve an EPS of $Pacific Gas & Electric Co. for the current quarter, $16.60 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Principal Financial Group Inc while analysts give the company a high EPS estimate of $The Carlyle Group Inc.. Comparatively, EPS for the current quarter was $PPG Industries, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 9.98%, and 8.92% over the next financial year.

Looking at the support for the PCG, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on April 10, 2024, with the firm’s price target at $21. Evercore ISI coverage for the PG&E Corp. (PCG) stock in a research note released on October 23, 2023 offered a In-line rating with a price target of $16. Barclays was of a view on August 23, 2023 that the stock is Overweight, while UBS gave the stock Buy rating on August 07, 2023, issuing a price target of $19- $21. Ladenburg Thalmann on their part issued Buy rating on April 03, 2023.

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