PG&E Corp. [PCG] Is Currently 0.49 below its 200 Period Moving Avg: What Does This Mean?

PG&E Corp. [NYSE: PCG] gained 0.49% on the last trading session, reaching $16.25 price per share at the time. The company report on March 11, 2024 at 12:06 PM that PG&E Customers to Receive Up to $140.63 California Climate Credit on Spring Energy Bill.

California’s Cap-and-Trade Program Continues to Benefit PG&E Customers through the California Climate Credit.

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In April, more than five million Pacific Gas and Electric Company (PG&E) customers will automatically receive the California Climate Credit on their energy bill.

If compared to the average trading volume of 17.59M shares, PCG reached a trading volume of 23903951 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 Corp. [PCG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCG shares is $19.45 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 1.76. 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.

Evercore ISI have made an estimate for PG&E Corp. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on October 23, 2023. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on August 23, 2023, representing the official price target for PG&E Corp. stock. Previously, the target price had yet another raise from $19 to $21, while UBS kept a Buy rating on PCG stock.

The Average True Range (ATR) for PG&E Corp. is set at 0.31, with the Price to Sales ratio for PCG stock in the period of the last 12 months amounting to 1.42. The Price to Book ratio for the last quarter was 1.38, with the Price to Cash per share for the same quarter was set at 0.44.

Trading performance analysis for PCG stock

PG&E Corp. [PCG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.87. With this latest performance, PCG shares dropped by -0.61% in over the last four-week period, additionally sinking by -5.58% over the last 6 months – not to mention a rise of 2.46% 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 42.70, with the RSI for the last a single of trading hit 40.84, and the three-weeks RSI is set at 43.69 for PG&E Corp. [PCG]. The present Moving Average for the last 50 days of trading for this stock 16.78, while it was recorded at 16.32 for the last single week of trading, and 16.98 for the last 200 days.

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

PG&E Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.78 and a Current Ratio set at 0.83.

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

With the latest financial reports released by the company, PG&E Corp. posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. 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 Corp. go to 10.20%.

An analysis of Institutional ownership at PG&E Corp. [PCG]

The top three institutional holders of PCG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PCG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PCG stock with ownership which is approximately 5.8325%.