PG&E Co. (NYSE:PCG) Receives Consensus Rating of “Moderate Buy” from Brokerages

PG&E Co. (NYSE:PCG) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several research firms have issued reports on PCG. StockNews.com raised PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Barclays reduced their price objective on PG&E from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PCG. Raymond James & Associates lifted its stake in shares of PG&E by 44.3% in the 1st quarter. Raymond James & Associates now owns 337,858 shares of the utilities provider’s stock valued at $4,034,000 after purchasing an additional 103,767 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of PG&E by 86.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 146,663 shares of the utilities provider’s stock valued at $1,751,000 after purchasing an additional 67,898 shares during the period. American Century Companies Inc. increased its position in shares of PG&E by 190.4% in the 1st quarter. American Century Companies Inc. now owns 183,755 shares of the utilities provider’s stock valued at $2,194,000 after buying an additional 120,468 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of PG&E by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,636 shares of the utilities provider’s stock valued at $366,000 after buying an additional 1,122 shares in the last quarter. Finally, Cetera Advisor Networks LLC bought a new stake in shares of PG&E in the 1st quarter valued at $154,000. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Trading Up 1.1 %

PCG stock opened at $17.00 on Friday. PG&E has a 1-year low of $14.71 and a 1-year high of $18.32. The firm has a market cap of $36.33 billion, a P/E ratio of 16.19 and a beta of 1.32. The business’s 50 day moving average is $16.53 and its 200-day moving average is $16.83. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 2.04.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. PG&E had a return on equity of 10.84% and a net margin of 9.24%. The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the company posted $0.26 EPS. Equities analysts anticipate that PG&E will post 1.35 earnings per share for the current fiscal year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, March 27th. PG&E’s dividend payout ratio (DPR) is currently 3.81%.

PG&E Company Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.