PG&E Corp. (NYSE:PCG)’s traded shares stood at 0.72 million during the latest session, with the company’s beta value hitting 1.01. At the last check today, the stock’s price was $18.67, to imply a decrease of -0.03% or -$0.01 in intraday trading. The PCG share’s 52-week high remains $18.95, putting it -1.5% down since that peak but still an impressive 21.21% since price per share fell to its 52-week low of $14.71. The company has a valuation of $39.92B, with an average of 9.43 million shares in intraday trading volume over the past 10 days and average of 12.18 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for PG&E Corp. (PCG), translating to a mean rating of 1.82. Of 11 analyst(s) looking at the stock, 0 analyst(s) give PCG a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.29.
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PG&E Corp. (NYSE:PCG) trade information
After registering a -0.03% downside in the latest session, PG&E Corp. (PCG) has traded red over the past five days. The 5-day price performance for the stock is 1.44%, and 2.33% over 30 days. With these gigs, the year-to-date price performance is 3.58%. Short interest in PG&E Corp. (NYSE:PCG) saw shorts transact 32.66 million shares and set a 2.78 days time to cover.
The extremes give us $13 and $23 for target low and target high price respectively. As such, PCG has been trading -23.19% off suggested target high and 30.37% from its likely low.
PG&E Corp. (PCG) estimates and forecasts
Looking at statistics comparing PG&E Corp. share performance against respective industry, we note that the company has outperformed competitors. PG&E Corp. (PCG) shares are 12.16% up over the last 6 months, with its year-to-date growth rate higher than industry average at 9.76% against 6.10%. Revenue is forecast to grow 20.80% this quarter before falling -17.00% for the next one. The rating firms project that company’s revenue will grow 2.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 6.46B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 7.37B.Earnings reports from the last fiscal year show that sales brought in 5.89B and 7.04B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.60% before jumping 4.70% in the following quarter.
PCG Dividends
PG&E Corp. has its next earnings report out on 2024-Oct-24. 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 Corp. has a forward dividend ratio of 0.03, with the share yield ticking at 0.16% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 3.32%.
PG&E Corp. (NYSE:PCG)’s Major holders
PG&E Corp. insiders hold 2.73% of total outstanding shares, with institutional holders owning 78.05% of the shares at 80.24% float percentage. In total, 78.05% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 283.64 million shares (or 13.2917% of shares), all amounting to roughly $4.95 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 176.4 million shares, or about 8.2662% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.08 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund as the top two Mutual Funds with the largest holdings of the PG&E Corp. (PCG) shares. Going by data provided on Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 82.22 shares. This is just over 3.14% of the total shares, with a market valuation of $1.53 billion. Data from the same date shows that the other fund manager holds a little less at 56.74, or 2.17% of the shares, all valued at about 1.06 billion.
