Wall Street Analyst Downgrade PG&E Corporation [PCG]. What else is Wall St. saying

PG&E Corporation [NYSE: PCG] gained 2.29% on the last trading session, reaching $15.64 price per share at the time. The company report on March 24, 2023 that Local Students Focusing on STEM Education Encouraged to Apply for College Scholarships of Up to $10,000.

PG&E Corporation Foundation Boosting Support with Additional Scholarships This Year.

The PG&E Corporation Foundation (The Foundation) is inviting applications for its annual Better Together STEM Scholarship Program and will award scholarships to 60 students — 20 more than last year — pursuing Science, Technology, Engineering and Math (STEM) disciplines.

PG&E Corporation represents 1.99 billion in outstanding shares, while the company has a total market value of $37.71 billion with the latest information. PCG stock price has been found in the range of $15.10 to $15.67.

If compared to the average trading volume of 14.17M shares, PCG reached a trading volume of 14283094 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 $18.73 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 0.43, with the Price to Sales ratio for PCG stock in the period of the last 12 months amounting to 1.74. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 0.30.

Trading performance analysis for PCG stock

PG&E Corporation [PCG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.86. With this latest performance, PCG shares gained by 2.36% in over the last four-week period, additionally plugging by 20.68% over the last 6 months – not to mention a rise of 35.06% 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 46.34, with the RSI for the last a single of trading hit 44.54, and the three-weeks RSI is set at 47.71 for PG&E Corporation [PCG]. The present Moving Average for the last 50 days of trading for this stock 15.79, while it was recorded at 15.69 for the last single week of trading, and 13.84 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 +12.37 and a Gross Margin at +12.37. PG&E Corporation’s Net Margin is presently recorded at +8.37.

Return on Total Capital for PCG is now 3.72, given the latest momentum, and Return on Invested Capital for the company is 2.75. Return on Equity for this stock inclined to 8.28, with Return on Assets sitting at 1.51. When it comes to the capital structure of this company, PG&E Corporation [PCG] has a Total Debt to Total Equity ratio set at 234.58. Additionally, PCG Total Debt to Total Capital is recorded at 70.11, with Total Debt to Total Assets ending up at 41.66. Long-Term Debt to Equity for the company is recorded at 214.63, with the Long-Term Debt to Total Capital now at 64.15.

Reflecting on the efficiency of the workforce at the company, PG&E Corporation [PCG] managed to generate an average of $69,742 per employee. Receivables Turnover for the company is 2.53 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 0.80 and a Current Ratio set at 0.80.

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 5.48%.

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

There are presently around $27,903 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 224,115,552, which is approximately 2.107% of the company’s market cap and around 12.60% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 200,022,503 shares of the stock with an approximate value of $3.13 billion in PCG stocks shares; and FMR LLC, currently with $2.77 billion in PCG stock with ownership of nearly -5.275% of the company’s market capitalization.

Positions in PG&E Corporation stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 335 institutional holders increased their position in PG&E Corporation [NYSE:PCG] by around 173,764,983 shares. Additionally, 176 investors decreased positions by around 156,510,364 shares, while 66 investors held positions by with 1,453,795,137 shares. The mentioned changes placed institutional holdings at 1,784,070,484 shares, according to the latest SEC report filing. PCG stock had 133 new institutional investments in for a total of 14,899,688 shares, while 52 institutional investors sold positions of 25,383,607 shares during the same period.