PG&E Corp. (NYSE:PCG) has a beta value of 1.04 and has seen 12.97 million shares traded in the last trading session. The company, currently valued at $43.63B, closed the last trade at $20.41 per share which meant it gained $0.17 on the day or 0.84% during that session. The PCG stock price is -1.18% off its 52-week high price of $20.65 and 23.62% above the 52-week low of $15.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.0 million shares traded. The 3-month trading volume is 13.27 million shares.
The consensus among analysts is that PG&E Corp. (PCG) is Buy stock at the moment, with a recommendation rating of 1.63. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 11 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.29.
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PG&E Corp. (NYSE:PCG) trade information
Sporting 0.84% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PCG stock price touched $20.41 or saw a rise of 0.68%. Year-to-date, PG&E Corp. shares have moved 13.20%, while the 5-day performance has seen it change 3.87%. Over the past 30 days, the shares of PG&E Corp. (NYSE:PCG) have changed 2.00%. Short interest in the company has seen 34.99 million shares shorted with days to cover at 1.95.
Wall Street analysts have a consensus price target for the stock at $22, which means that the shares’ value could jump 7.23% from current levels. The projected low price target is $13.0 while the price target rests at a high of $24.0. In that case, then, we find that the current price level is -17.59% off the targeted high while a plunge would see the stock lose 36.31% from current levels.
PG&E Corp. (PCG) estimates and forecasts
Figures show that PG&E Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 27.32% over the past 6 months, with this year growth rate of 10.57%, compared to 5.10% for the industry. Revenue growth from the last financial year stood is estimated to be 2.40%.
4 analysts offering their estimates for the company have set an average revenue estimate of 6.51B for the current quarter. 4 have an estimated revenue figure of 7.33B for the next ending quarter. Year-ago sales stood 5.89B and 7.04B respectively for this quarter and the next, and analysts expect sales will grow by 10.50% for the current quarter and 2.40% for the next.
Earnings growth for 2024 is a modest 10.49% while over the next 5 years, the company’s earnings are expected to increase by 9.10%.
PCG Dividends
PG&E Corp. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.20%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.32%.
PG&E Corp. (NYSE:PCG)’s Major holders
Insiders own 2.73% of the company shares, while shares held by institutions stand at 78.40% with a share float percentage of 80.59%. Investors are also buoyed by the number of investors in a company, with PG&E Corp. having a total of 962.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 283.64 million shares worth more than $4.95 billion. As of 2024-06-30, VANGUARD GROUP INC held 13.2917% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 176.4 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.08 billion and represent 8.2662% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.16% shares in the company for having 82.7 shares of worth $1.69 billion while later fund manager owns 56.01 shares of worth $1.14 billion as of Jun 30, 2024 , which makes it owner of about 2.14% of company’s outstanding stock.
