Analysts’ Weekly Ratings Changes for PG&E (PCG)

Several analysts have recently updated their ratings and price targets for PG&E (NYSE: PCG):

  • 2/12/2018 – PG&E had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $45.00 price target on the stock, down previously from $60.00.
  • 2/2/2018 – PG&E is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $48.00 price target on the stock.
  • 2/2/2018 – PG&E was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/22/2018 – PG&E had its “hold” rating reaffirmed by analysts at Citigroup Inc. They now have a $45.00 price target on the stock.
  • 1/19/2018 – PG&E was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “PG&E Corp has a solid portfolio of regulated utility assets that offer a stable earnings base and substantial long-term growth potential. It also maintains a stable liquidity position along with a strong cash generating capacity through operating activities. The company’s systematic investments in infrastructure projects are expected to improve service reliability and meet market demand, which in turn will enable the company to serve a wider customer base. Nevertheless, PG&E Corp. recently suspended its dividend on account of potential liabilities for October's Northern California wildfires. Earlier also a handful of such unwanted events hampered the company’s operations. Going ahead, similar incidents may cause the utility to incur higher fines and other penalties, which in turn, will affect its financial performance. These reasons may have led the company to underperform its broader industry in past one year.”
  • 1/2/2018 – PG&E was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “PG&E Corp. recently suspended its dividend on account of potential liabilities for October's Northern California wildfires. Earlier also a handful of such unwanted events hampered the company’s operations. Going ahead, similar incidents may cause the utility to incur higher fines and other penalties, which in turn, will affect its financial performance. These may have led the company to underperform its broader industry in past one year. Stringent regulatory mandates may impact PG&E Corp’s financial performance. Nevertheless, the company’s systematic investments in infrastructure projects are expected to improve service reliability and meet market demand, which in turn will enable the company to serve a wider customer base.”
  • 1/2/2018 – PG&E was downgraded by analysts at Guggenheim from a “neutral” rating to a “sell” rating.
  • 1/2/2018 – PG&E was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $50.00 price target on the stock.
  • 12/31/2017 – PG&E was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/28/2017 – PG&E had its “hold” rating reaffirmed by analysts at Argus. They now have a $41.61 price target on the stock, down previously from $44.68.
  • 12/21/2017 – PG&E had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $61.00 price target on the stock.
  • 12/21/2017 – PG&E was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating.
  • 12/18/2017 – PG&E was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating.
  • 12/18/2017 – PG&E had its “neutral” rating reaffirmed by analysts at Citigroup Inc.

PG&E Co. (PCG) traded down $0.08 on Monday, reaching $38.49. The company had a trading volume of 1,291,508 shares, compared to its average volume of 6,163,905. The stock has a market capitalization of $19,862.36, a price-to-earnings ratio of 11.99, a P/E/G ratio of 2.39 and a beta of 0.03. PG&E Co. has a 12 month low of $37.30 and a 12 month high of $71.57. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

PG&E (NYSE:PCG) last released its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.06). The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.83 billion. PG&E had a return on equity of 10.00% and a net margin of 9.69%. During the same quarter in the prior year, the business posted $1.33 EPS. analysts predict that PG&E Co. will post 3.8 earnings per share for the current year.

In related news, VP David S. Thomason sold 700 shares of PG&E stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total value of $39,774.00. Following the completion of the transaction, the vice president now owns 6,657 shares in the company, valued at $378,250.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.15% of the company’s stock.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.

Receive News & Ratings for PG&E Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PG&E Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply