While PG&E Corp has underperformed by -1.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PCG fell by -5.67%, with highs and lows ranging from $21.72 to $14.99, whereas the simple moving average fell by -18.62% in the last 200 days.
On January 13, 2025, BMO Capital Markets started tracking PG&E Corp (NYSE: PCG) recommending Outperform. A report published by Jefferies on October 14, 2024, Initiated its previous ‘Buy’ rating for PCG. BofA Securities also rated PCG shares as ‘Buy’, setting a target price of $24 on the company’s shares in an initiating report dated September 12, 2024. JP Morgan June 10, 2024d the rating to Overweight on June 10, 2024, and set its price target from $19 to $22. Goldman initiated its ‘Buy’ rating for PCG, as published in its report on April 10, 2024. Evercore ISI’s report from October 23, 2023 suggests a price prediction of $16 for PCG shares, giving the stock a ‘In-line’ rating. Barclays also rated the stock as ‘Overweight’.
Analysis of PG&E Corp (PCG)
Investors in PG&E Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.06 per share. Further, the quarter-over-quarter increase in sales is 0.90%, showing a positive trend in the upcoming months.
One of the most important indicators of PG&E Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 10.83% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.99, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PCG is recording 22.41M average volume. On a monthly basis, the volatility of the stock is set at 3.77%, whereas on a weekly basis, it is put at 2.78%, with a loss of -2.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.47, showing growth from the present price of $15.32, which can serve as yet another indication of whether PCG is worth investing in or should be passed over.
How Do You Analyze PG&E Corp Shares?
The Utilities – Regulated Electric market is dominated by PG&E Corp (PCG) based in the USA. When comparing PG&E Corp shares with other companies under Utilities, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.93, there is a growth in quarterly earnings of 65.31%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.65%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.86% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PCG shares are owned by institutional investors to the tune of 91.86% at present.
