PG&E Co. (NYSE:PCG – Get Free Report) 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.
Get Our Latest Analysis on PCG
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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 – Get Free Report) 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.
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