During the last session, PG&E Corp. (NYSE:PCG)’s traded shares were 16.7 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $19.70, reflecting an intraday gain of 0.51% or $0.1. The 52-week high for the PCG share is $19.84, that puts it down -0.71 from that peak though still a striking 25.33% gain since the share price plummeted to a 52-week low of $14.71. The company’s market capitalization is $42.11B, and the average intraday trading volume over the past 10 days was 11.89 million shares, and the average trade volume was 12.37 million shares over the past three months.
PG&E Corp. (PCG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.82. PCG has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 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 0.3.
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PG&E Corp. (NYSE:PCG) trade information
PG&E Corp. (PCG) registered a 0.51% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.51% in intraday trading to $19.70, hitting a weekly high. The stock’s 5-day price performance is 4.79%, and it has moved by 6.83% in 30 days. Based on these gigs, the overall price performance for the year is 19.18%. The short interest in PG&E Corp. (NYSE:PCG) is 37.78 million shares and it means that shorts have 3.45 day(s) to cover.
The consensus price target of analysts on Wall Street is $20.5, which implies an increase of 3.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $23 respectively. As a result, PCG is trading at a discount of -16.75% off the target high and 34.01% off the low.
PG&E Corp. (PCG) estimates and forecasts
Statistics show that PG&E Corp. has outperformed its competitors in share price, compared to the industry in which it operates. PG&E Corp. (PCG) shares have gone up 18.67% during the last six months, with a year-to-date growth rate more than the industry average at 9.76% against 6.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 25.00% this quarter and then drop -19.10% in the quarter after that. In the rating firms’ projections, revenue will increase 2.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.46B as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 7.37B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.89B and 7.04B respectively. In this case, analysts expect current quarter sales to grow by 9.60% and then jump by 4.70% in the coming quarter.
While earnings are projected to return 10.38% in 2024, the next five years will return 9.60% per annum.
PCG Dividends
PG&E Corp. is due to release its next quarterly earnings on 2024-Oct-24. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for PG&E Corp. is 0.03, with the dividend yield indicating at 0.15 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.32%.
PG&E Corp. (NYSE:PCG)’s Major holders
PG&E Corp. insiders own 2.73% of total outstanding shares while institutional holders control 78.06%, with the float percentage being 80.25%. VANGUARD GROUP INC is the largest shareholder of the company, while 962.0 institutions own stock in it. As of 2024-06-30, the company held over 283.64 million shares (or 13.2917% of all shares), a total value of $4.95 billion in shares.
The next largest institutional holding, with 176.4 million shares, is of BLACKROCK INC.’s that is approximately 8.2662% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.08 billion.
Also, the Mutual Funds coming in first place with the largest holdings of PG&E Corp. (PCG) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 82.22 shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $1.62 billion market value. The same data shows that the other fund manager holds slightly less at 56.01, or about 2.14% of the stock, which is worth about $1.1 billion.
