PG&E Corp. Given Neutral Rating at ISI Group (PCG)
PG&E Corp. (NYSE:PCG)‘s stock had its “neutral” rating restated by stock analysts at ISI Group in a report issued on Tuesday, AnalystRatings.Net reports. They currently have a $42.00 price objective on the stock, down from their previous price objective of $45.75. ISI Group’s price target suggests a potential upside of 4.24% from the stock’s previous close.
PG&E Corp. (NYSE:PCG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Friday, December 27th.
A number of other analysts have also recently weighed in on PCG. Analysts at Morgan Stanley upgraded shares of PG&E Corp. from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. Separately, analysts at Barclays cut their price target on shares of PG&E Corp. from $47.00 to $41.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of PG&E Corp. in a research note to investors on Friday, December 20th. They now have a $45.00 price target on the stock, down previously from $46.00. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. PG&E Corp. has an average rating of “Hold” and a consensus target price of $45.25.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
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