Shares of PG&E Co. (NYSE:PCG) have been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $45.58.

A number of research firms have recently commented on PCG. Barclays set a $30.00 price objective on PG&E and gave the stock a “hold” rating in a report on Monday, November 19th. Morgan Stanley set a $31.00 price target on PG&E and gave the company a “hold” rating in a report on Tuesday, November 27th. Goldman Sachs Group set a $49.00 price target on PG&E and gave the company a “hold” rating in a report on Friday, September 14th. Citigroup set a $48.00 price target on PG&E and gave the company a “hold” rating in a report on Monday, October 8th. Finally, Wolfe Research lowered their price target on PG&E from $50.00 to $40.00 in a report on Wednesday, November 14th.

PCG stock opened at $26.75 on Monday. The firm has a market cap of $13.87 billion, a PE ratio of 7.27, a PEG ratio of 2.00 and a beta of -0.17. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.67 and a quick ratio of 0.62. PG&E has a 52 week low of $17.26 and a 52 week high of $53.89.

PG&E (NYSE:PCG) last released its quarterly earnings data on Monday, November 5th. The utilities provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.77 billion. PG&E had a return on equity of 10.17% and a net margin of 0.89%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. On average, analysts forecast that PG&E will post 3.82 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NEXT Financial Group Inc acquired a new stake in shares of PG&E during the third quarter valued at about $104,000. FNY Investment Advisers LLC grew its stake in shares of PG&E by 35,614.3% during the third quarter. FNY Investment Advisers LLC now owns 2,500 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 2,493 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of PG&E by 67.1% during the third quarter. Bessemer Group Inc. now owns 2,893 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 1,162 shares in the last quarter. Gradient Investments LLC acquired a new stake in shares of PG&E during the second quarter valued at about $146,000. Finally, Destination Wealth Management grew its stake in shares of PG&E by 78.2% during the third quarter. Destination Wealth Management now owns 3,624 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 1,590 shares in the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

About PG&E

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.

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Analyst Recommendations for PG&E (NYSE:PCG)

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