PG&E Corporation (NYSE: PCG) is -6.58% lower on its value in year-to-date trading and has touched a low of $6.25 and a high of $17.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PCG stock was last observed hovering at around $11.76 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $14.00 for the next 12 months. It is also 31.53% off the consensus price target high of $17.00 offered by 16 analysts, but current levels are 10.46% higher than the price target low of $13.00 for the same period.
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Currently trading at $11.64, the stock is -0.41% and -3.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.6 million and changing -1.02% at the moment leaves the stock 8.62% off its SMA200. PCG registered -34.79% loss for a year compared to 6-month gain of 26.11%. The firm has a 50-day simple moving average (SMA 50) of $11.87 and a 200-day simple moving average (SMA200) of $10.88.
The stock witnessed a -4.90% loss in the last 1 month and extending the period to 3 months gives it a -0.68%, and is -3.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.48% over the week and 3.16% over the month.
PG&E Corporation (PCG) has around 23000 employees, a market worth around $23.34B and $18.46B in sales. Fwd P/E is 9.53. Profit margin for the company is -27.80%. Distance from 52-week low is 86.24% and -35.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.70%).
PG&E Corporation (PCG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for PG&E Corporation (PCG) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.20, where 6 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
PG&E Corporation is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $4.78B over the same period.The EPS is expected to shrink by -9.20% this year, but quarterly earnings will post 8.70% year-over-year. Quarterly sales are estimated to grow 0.70% in year-over-year returns.
PG&E Corporation (PCG) Top Institutional Holders
512 institutions hold shares in PG&E Corporation (PCG), with 479.59M shares held by insiders accounting for 24.17% while institutional investors hold 93.95% of the company’s shares. The shares outstanding are 1.97B, and float is at 1.47B with Short Float at 4.24%. Institutions hold 71.25% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 148.36 million shares valued at $1.85 billion. The investor’s holdings represent 7.48% of the PCG Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 122.24 million shares valued at $1.15 billion to account for 6.16% of the shares outstanding. The other top investors are Third Point, LLC which holds 84.94 million shares representing 4.28% and valued at over $797.54 million, while Appaloosa LP holds 4.07% of the shares totaling 80.78 million with a market value of $758.48 million.
PG&E Corporation (PCG) Insider Activity
A total of 2 insider transactions have happened at PG&E Corporation (PCG) in the last six months, with sales accounting for 2 and purchases happening 0 times.
PG&E Corporation (PCG): Who are the competitors?
The company’s main competitors (and peers) include Xcel Energy Inc. (XEL) that is trading -12.17% down over the past 12 months. Hawaiian Electric Industries Inc. (HE) is -29.69% down on the 1-year trading charts. Short interest in the company’s stock has fallen -14.75% from the last report on Dec 30, 2020 to stand at a total of 71.73 million short shares sold with a short interest ratio of 4.94.