Is PG&E Corporation (NYSE: PCG) Worth It? How Should Investors Deal With It? – Marketing Sentinel
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Is PG&E Corporation (NYSE: PCG) Worth It? How Should Investors Deal With It?

During the last session, PG&E Corporation (NYSE:PCG)’s traded shares were 18.54 million, with the beta value of the company hitting 1.34. At the end of the trading day, the stock’s price was $10.50, reflecting an intraday gain of 2.44% or $0.25. The 52-week high for the PCG share is $12.91, that puts it down -22.95 from that peak though still a striking 21.52% gain since the share price plummeted to a 52-week low of $8.24. The company’s market capitalization is $20.48B, and the average intraday trading volume over the past 10 days was 22.23 million shares, and the average trade volume was 18.91 million shares over the past three months.

PG&E Corporation (PCG) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. PCG has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.25.

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PG&E Corporation (NYSE:PCG) trade information

PG&E Corporation (PCG) registered a 2.44% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.44% in intraday trading to $10.50 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is 3.04%, and it has moved by 7.14% in 30 days. Based on these gigs, the overall price performance for the year is 1.74%. The short interest in PG&E Corporation (NYSE:PCG) is 83.19 million shares and it means that shorts have 5.55 day(s) to cover.

The consensus price target of analysts on Wall Street is $14.42, which implies an increase of 27.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.00 and $17.00 respectively. As a result, PCG is trading at a discount of -61.9% off the target high and 4.76% off the low.

PG&E Corporation (PCG) estimates and forecasts

Statistics show that PG&E Corporation has underperformed its competitors in share price, compared to the industry in which it operates. PG&E Corporation (PCG) shares have gone down -11.54% during the last six months, with a year-to-date growth rate less than the industry average at -37.27% against 5.10. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 13.60% this quarter and then jump 23.80% in the quarter after that. In the rating firms’ projections, revenue will increase 8.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $5.37 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $5.15 billion by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $4.72 billion and $4.75 billion respectively. In this case, analysts expect current quarter sales to grow by 13.70% and then jump by 8.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -20.90%. While earnings are projected to return 92.80% in 2021, the next five years will return 2.50% per annum.

PCG Dividends

PG&E Corporation is due to release its next quarterly earnings between October 27 and November 01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

PG&E Corporation (NYSE:PCG)’s Major holders

PG&E Corporation insiders own 24.11% of total outstanding shares while institutional holders control 72.56%, with the float percentage being 95.61%. FMR, LLC is the largest shareholder of the company, while 601 institutions own stock in it. As of Mar 30, 2021, the company held over 159.65 million shares (or 8.04% of all shares), a total value of $1.87 billion in shares.

The next largest institutional holding, with 137.92 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 6.95% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $1.62 billion.

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Also, the Mutual Funds coming in first place with the largest holdings of PG&E Corporation (PCG) shares are Investment Company Of America and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2021 indicates that Investment Company Of America owns about 44.74 million shares. This amounts to just over 2.25 percent of the company’s overall shares, with a $523.9 million market value. The same data shows that the other fund manager holds slightly less at 41.93 million, or about 2.11% of the stock, which is worth about $491.04 million.

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