PG&E Corporation [PCG] stock Downgrade by UBS analyst, price target now $17

PG&E Corporation [NYSE: PCG] jumped around 0.23 points on Friday, while shares priced at $15.89 at the close of the session, up 1.47%. The company report on January 5, 2023 that PG&E Crews Out in Full Force Restoring Power Amid Historic Storm Conditions Across Northern and Central California.

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With a historic series of winter storms damaging electric equipment and causing power outages, Pacific Gas and Electric Company (PG&E) crews are mobilized throughout Northern and Central California assessing the damage and making repairs to restore power.

Over the 24 hours ending at 3 p.m. today, PG&E has safely restored power to more than 406,000 customers. As of 3 p.m., there are approximately 2,300 outages affecting 95,500 customers, with many in the North Coast, Bay Area and Central Coast areas. PG&E recognizes the urgency of restoring power and will work diligently until all customers are restored.

PG&E Corporation stock is now -2.28% down from its year-to-date (YTD) trading value. PCG Stock saw the intraday high of $15.9971 and lowest of $15.65 per share. The company’s 52-week high price is 16.49, which means current price is +2.58% above from all time high which was touched on 01/03/23.

Compared to the average trading volume of 17.75M shares, PCG reached a trading volume of 10362316 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $18.00 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 2.10. 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.

UBS have made an estimate for PG&E Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 03, 2023. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on April 26, 2022, representing the official price target for PG&E Corporation stock. Previously, the target price had yet another raise to $14, while RBC Capital Mkts analysts kept a Outperform rating on PCG stock. On May 03, 2021, analysts increased their price target for PCG shares from 12 to 15.50.

The Average True Range (ATR) for PG&E Corporation is set at 0.38, with the Price to Sales ratio for PCG stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 0.11.

How has PCG stock performed recently?

PG&E Corporation [PCG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.75. With this latest performance, PCG shares gained by 2.98% in over the last four-week period, additionally plugging by 54.72% over the last 6 months – not to mention a rise of 33.98% 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 52.03, with the RSI for the last a single of trading hit 49.43, and the three-weeks RSI is set at 54.00 for PG&E Corporation [PCG]. The present Moving Average for the last 50 days of trading for this stock 15.46, while it was recorded at 15.87 for the last single week of trading, and 12.89 for the last 200 days.

PG&E Corporation [PCG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and PG&E Corporation [PCG] shares currently have an operating margin of +10.37 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.

Earnings analysis for PG&E Corporation [PCG]

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 4.74%.

Insider trade positions for PG&E Corporation [PCG]

There are presently around $27,911 million, or 73.20% of PCG stock, in the hands of institutional investors. The top three institutional holders of PCG stocks are: VANGUARD GROUP INC with ownership of 219,490,888, which is approximately 15.735% of the company’s market cap and around 12.60% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 200,528,674 shares of the stock with an approximate value of $3.19 billion in PCG stocks shares; and FMR LLC, currently with $2.97 billion in PCG stock with ownership of nearly -3.719% of the company’s market capitalization.

Positions in PG&E Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 234 institutional holders increased their position in PG&E Corporation [NYSE:PCG] by around 262,787,230 shares. Additionally, 199 investors decreased positions by around 89,395,821 shares, while 81 investors held positions by with 1,404,299,644 shares. The mentioned changes placed institutional holdings at 1,756,482,695 shares, according to the latest SEC report filing. PCG stock had 74 new institutional investments in for a total of 20,022,990 shares, while 75 institutional investors sold positions of 13,992,902 shares during the same period.

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