PG&E Corporation [PCG] Stock trading around $9.97 per share: What’s Next?

PG&E Corporation [NYSE: PCG] stock went on an upward path that rose over 0.30% on Monday, amounting to a one-week price increase of more than 4.07%. The company report on September 25, 2021 that PG&E Disputes Shasta County Criminal Charges Related to 2020 Zogg Fire.

PG&E Corporation shared the following statement from CEO Patti Poppe regarding criminal charges filed by the Shasta County District Attorney’s office related to the September 2020 Zogg Fire.

“We are all devastated by the effects of wildfire here in California. My heart aches. I have seen firsthand how devastating it is and have spoken with many of those most harmed. These communities are the hometowns where my coworkers live and work, too. While I am new to this environment, I hope my heart never becomes hardened to the devastation that catastrophic wildfire can cause.

Over the last 12 months, PCG stock dropped by -0.30%. The one-year PG&E Corporation stock forecast points to a potential upside of 30.86. The average equity rating for PCG stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $19.85 billion, with 1.99 billion shares outstanding and 1.47 billion shares in the current float. Compared to the average trading volume of 17.39M shares, PCG stock reached a trading volume of 13221739 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on PG&E Corporation [PCG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCG shares is $14.42 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCG stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for PG&E Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 16, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $12 to $15.50. The new note on the price target was released on May 03, 2021, representing the official price target for PG&E Corporation stock. Previously, the target price had yet another raise to $12, while Wells Fargo analysts kept a Equal Weight rating on PCG stock. On January 06, 2021, analysts increased their price target for PCG shares from 11 to 13.

The Average True Range (ATR) for PG&E Corporation is set at 0.27, with the Price to Sales ratio for PCG stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 0.15.

PCG Stock Performance Analysis:

PG&E Corporation [PCG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.07. With this latest performance, PCG shares gained by 9.32% in over the last four-week period, additionally sinking by -13.38% over the last 6 months – not to mention a drop of -0.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PCG stock in for the last two-week period is set at 61.43, with the RSI for the last a single of trading hit 64.73, and the three-weeks RSI is set at 58.07 for PG&E Corporation [PCG]. The present Moving Average for the last 50 days of trading for this stock 9.27, while it was recorded at 9.91 for the last single week of trading, and 10.71 for the last 200 days.

Insight into PG&E Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and PG&E Corporation [PCG] shares currently have an operating margin of +10.86 and a Gross Margin at +10.86. PG&E Corporation’s Net Margin is presently recorded at -7.06.

Return on Total Capital for PCG is now 4.21, given the latest momentum, and Return on Invested Capital for the company is -2.95. Return on Equity for this stock declined to -9.98, with Return on Assets sitting at -1.30. When it comes to the capital structure of this company, PG&E Corporation [PCG] has a Total Debt to Total Equity ratio set at 202.90. Additionally, PCG Total Debt to Total Capital is recorded at 66.99, with Total Debt to Total Assets ending up at 39.85. Long-Term Debt to Equity for the company is recorded at 183.33, with the Long-Term Debt to Total Capital now at 60.52.

Reflecting on the efficiency of the workforce at the company, PG&E Corporation [PCG] managed to generate an average of -$54,333 per employee. Receivables Turnover for the company is 2.81 with a Total Asset Turnover recorded at a value of 0.18.PG&E Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

PCG Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PCG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PG&E Corporation go to 2.50%.

PG&E Corporation [PCG] Insider Position Details

There are presently around $14,645 million, or 74.90% of PCG stock, in the hands of institutional investors. The top three institutional holders of PCG stocks are: FMR LLC with ownership of 148,492,273, which is approximately -6.988% of the company’s market cap and around 24.11% of the total institutional ownership; VANGUARD GROUP INC, holding 139,474,156 shares of the stock with an approximate value of $1.39 billion in PCG stocks shares; and BLACKROCK INC., currently with $1.05 billion in PCG stock with ownership of nearly 25.798% of the company’s market capitalization.

>> 7 Top Picks for the Post-Pandemic Economy <<

Positions in PG&E Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 206 institutional holders increased their position in PG&E Corporation [NYSE:PCG] by around 182,175,015 shares. Additionally, 181 investors decreased positions by around 123,079,358 shares, while 102 investors held positions by with 1,163,651,182 shares. The mentioned changes placed institutional holdings at 1,468,905,555 shares, according to the latest SEC report filing. PCG stock had 50 new institutional investments in for a total of 20,178,114 shares, while 65 institutional investors sold positions of 37,548,388 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

Your email address will not be published. Required fields are marked *

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam