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How Much Is PG&E Corporation (NYSE: PCG) Worth And How Can It Be Managed

PG&E Corporation (NYSE:PCG)’s traded shares stood at 5.11 million during the latest session, with the company’s beta value hitting 1.12. At the last check today, the stock’s price was $15.96, to imply a decrease of -1.21% or -$0.2 in intraday trading. The PCG share’s 52-week high remains $16.83, putting it -5.45% down since that peak but still an impressive 39.6% since price per share fell to its 52-week low of $9.64. The company has a valuation of $40.66B, with an average of 17.51 million shares in intraday trading volume over the past 10 days and average of 13.67 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for PG&E Corporation (PCG), translating to a mean rating of 2.10. Of 14 analyst(s) looking at the stock, 0 analyst(s) give PCG a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 8 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.28.

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PG&E Corporation (NYSE:PCG) trade information

After registering a -1.21% downside in the latest session, PG&E Corporation (PCG) has traded red over the past five days. The stock hit a weekly high of 16.23 this Thursday, 03/16/23, dropping -1.21% in its intraday price action. The 5-day price performance for the stock is 0.85%, and 0.85% over 30 days. With these gigs, the year-to-date price performance is -1.82%. Short interest in PG&E Corporation (NYSE:PCG) saw shorts transact 93.4 million shares and set a 5.63 days time to cover.

Analysts on Wall Street suggest a consensus price target of $18.73, implying an increase of 14.79% to the stock’s recent value. The extremes give us $14.00 and $22.00 for target low and target high price respectively. As such, PCG has been trading -37.84% off suggested target high and 12.28% from its likely low.

PG&E Corporation (PCG) estimates and forecasts

Looking at statistics comparing PG&E Corporation share performance against respective industry, we note that the company has outperformed competitors. PG&E Corporation (PCG) shares are 21.77% up over the last 6 months, with its year-to-date growth rate higher than industry average at 11.82% against 2.30%. Revenue is forecast to grow 27.30% this quarter before falling -13.30% for the next one. The rating firms project that company’s revenue will grow 5.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $5.52 billion. Meanwhile, for the quarter ending Mar 2023, a total of 2 analyst(s) estimate revenue growth to $5.69 billion.Earnings reports from the last fiscal year show that sales brought in $5.25 billion and $5.8 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 5.30% before dropping -1.80% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -24.70% for the past 5-year period. While 2023 is set for a 10.00% return in earnings, projections for the next 5 years are at 5.48% annually.

PCG Dividends

PG&E Corporation has its next earnings report out between April 26 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. PG&E Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

PG&E Corporation insiders hold 7.68% of total outstanding shares, with institutional holders owning 72.54% of the shares at 78.58% float percentage. In total, 72.54% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 219.49 million shares (or 8.90% of shares), all amounting to roughly $2.74 billion.

The next major institution holding the largest number of shares is Capital Research Global Investors with 200.53 million shares, or about 8.13% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $2.51 billion.

We also have Investment Company Of America and Growth Fund Of America Inc as the top two Mutual Funds with the largest holdings of the PG&E Corporation (PCG) shares. Going by data provided on Dec 30, 2022, Investment Company Of America holds roughly 91.36 million shares. This is just over 3.71% of the total shares, with a market valuation of $1.49 billion. Data from the same date shows that the other fund manager holds a little less at 80.74 million, or 3.27% of the shares, all valued at about 1.31 billion.

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