PG&E Corporation [PCG] moved up 0.72: Why It’s Important

PG&E Corporation [NYSE: PCG] gained 0.72% on the last trading session, reaching $15.31 price per share at the time. The company report on November 4, 2022 that Rain and Snow Throughout Northern California Serves as Reminder to Practice Winter Storm Safety.

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A series of November weather systems is bringing welcome rain and snow to much of Northern California and serves as a reminder of the importance of winter storm safety.

In addition to the rain and snow that fell earlier this week across Northern California, additional storm systems are expected to pass intermittently through the area beginning Saturday and continuing through at least Wednesday.

PG&E Corporation represents 2.47 billion in outstanding shares, while the company has a total market value of $36.81 billion with the latest information. PCG stock price has been found in the range of $15.06 to $15.49.

If compared to the average trading volume of 26.62M shares, PCG reached a trading volume of 18268799 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $17.04 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.

Credit Suisse have made an estimate for PG&E Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 26, 2022. The new note on the price target was released on August 16, 2021, representing the official price target for PG&E Corporation stock. Previously, the target price had yet another raise from $12 to $15.50, while Wells Fargo kept a Overweight rating on PCG stock.

The Average True Range (ATR) for PG&E Corporation is set at 0.52, with the Price to Sales ratio for PCG stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 0.11.

Trading performance analysis for PCG stock

PG&E Corporation [PCG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.39. With this latest performance, PCG shares gained by 4.65% in over the last four-week period, additionally plugging by 21.89% over the last 6 months – not to mention a rise of 31.30% 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 62.51, with the RSI for the last a single of trading hit 62.67, and the three-weeks RSI is set at 62.26 for PG&E Corporation [PCG]. The present Moving Average for the last 50 days of trading for this stock 13.66, while it was recorded at 15.14 for the last single week of trading, and 12.07 for the last 200 days.

PG&E Corporation [PCG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and PG&E Corporation [PCG] shares currently have an operating margin of +10.37 and a Gross Margin at +10.37. PG&E Corporation’s Net Margin is presently recorded at -0.43.

Return on Equity for this stock declined to -0.42, with Return on Assets sitting at -0.08.

PG&E Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.

PG&E Corporation [PCG]: An earnings per share (EPS) analysis

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 4.59%.

An analysis of insider ownership at PG&E Corporation [PCG]

There are presently around $24,509 million, or 68.20% of PCG stock, in the hands of institutional investors. The top three institutional holders of PCG stocks are: FMR LLC with ownership of 194,321,169, which is approximately 38.59% of the company’s market cap and around 14.00% of the total institutional ownership; VANGUARD GROUP INC, holding 189,650,280 shares of the stock with an approximate value of $2.9 billion in PCG stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $2.85 billion in PCG stock with ownership of nearly 7.947% of the company’s market capitalization.

Positions in PG&E Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 237 institutional holders increased their position in PG&E Corporation [NYSE:PCG] by around 196,931,646 shares. Additionally, 181 investors decreased positions by around 119,847,749 shares, while 82 investors held positions by with 1,284,057,478 shares. The mentioned changes placed institutional holdings at 1,600,836,873 shares, according to the latest SEC report filing. PCG stock had 73 new institutional investments in for a total of 29,731,710 shares, while 46 institutional investors sold positions of 7,789,558 shares during the same period.


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