In the last trading session, 3,190,000,000 shares of the PG&E Corporation (NYSE:PCG) were traded, and its beta was 1.41. Most recently the company’s share price was $11.44, and it changed around -$0.22 or -0.02% from the last close, which brings the market valuation of the company to $22.71 Billion. PCG currently trades at a discount to its 52-week high of $13.34, offering almost -16.61% off that amount. The share price’s 52-week low was $8.35, which indicates that the current value has risen by an impressive 27.01% since then. We note from PG&E Corporation’s average daily trading volume that its 10-day average is 10.34 Million shares, with the 3-month average coming to 14.09 Million.

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PG&E Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2.1. If we narrow it down even further, the data shows that none out of 15 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 6 recommended PCG as a Hold, whereas 9 deemed it a Buy, and no one rated it as Underweight. PG&E Corporation is expected to report earnings per share of $0.27 for the current quarter.

PG&E Corporation (NYSE:PCG): Trading Information

Although PCG has showed a red trend with a performance of -1.89% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $11.85 on Monday, Apr 05 increased the stock’s daily price by 3.46%. The company’s shares are currently down -0.08% year-to-date, but still down -0.0061 over the last five days. On the other hand, PG&E Corporation (NYSE:PCG) is 0.05% up in the 30-day period. We can see from the shorts that 75.84 Million shares have been sold at a short interest cover period of 5.38 day (s).

The consensus price target as assigned by Wall Street analysts is $14.38, which translates to bears needing to increase their stock price by 25.7% from its current value. Analyst projections state that PCG is forecast to be at a low of $12 and a high of $17. In order for the stock price to hit the forecast high, the stock would need to surge +48.6% from its current level, while the stock would need to crash 4.9% from its current level to reach the projected low.

PG&E Corporation (PCG) projections and forecasts

PG&E Corporation share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +15.56 percent over the past six months and at a -37.27% annual growth rate that is well below the industry average of 3.3%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -69.7% in revenue this quarter, and will report a decline of -73.8% in the next quarter. The year-over-year growth rate is expected to be 6.5%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $4.83 Billion in revenue for the current quarter. 4 analysts expect PG&E Corporation to make $5.08 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $4.31 Billion and $4.11 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.2%. Forecasts for the next quarter put sales growth at 23.8%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -20.9%. PG&E Corporation earnings are expected to increase by 92.8% in 2021, but the outlook is positive 2.5% per year for the next five years.

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PG&E Corporation (NYSE:PCG)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 24.35% of PG&E Corporation shares, and 70.93% of them are in the hands of institutional investors. The stock currently has a share float of 93.76%. PG&E Corporation stock is held by 584 institutions, with FMR, LLC being the largest institutional investor. By Dec 30, 2020, it held 7.48% of the shares, which is about 148.36 Million shares worth $1.85 Billion.

Vanguard Group, Inc. (The), with 6.8% or 134.89 Million shares worth $1.68 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc were the top two Mutual Funds as of Dec 30, 2020. The former held 41860900 shares worth $521.59 Million, making up 2.11% of all outstanding shares. On the other hand, Growth Fund Of America Inc held roughly 39.9 Million shares worth around $497.09 Million, which represents about 2.01% of the total shares outstanding.

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