In last trading session, PG&E Corp. (NYSE:PCG) saw 6.61 million shares changing hands with its beta currently measuring 1.04. Company’s recent per share price level of $20.38 trading at $0.1 or 0.49% at ring of the bell on the day assigns it a market valuation of $43.56B. That closing price of PCG’s stock is at a discount of -1.32% from its 52-week high price of $20.65 and is indicating a premium of 23.5% from its 52-week low price of $15.59. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.42 million shares which gives us an average trading volume of 13.19 million if we extend that period to 3-months.
For PG&E Corp. (PCG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.63. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.3 in the current quarter.
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PG&E Corp. (NYSE:PCG) trade information
Upright in the green during last session for gaining 0.49%, in the last five days PCG remained trading in the green while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $20.38 price level, adding 1.12% to its value on the day. PG&E Corp.’s shares saw a change of 13.03% in year-to-date performance and have moved 3.82% in past 5-day. PG&E Corp. (NYSE:PCG) showed a performance of 3.98% in past 30-days. Number of shares sold short was 34.99 million shares which calculate 1.95 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 22 to the stock, which implies a rise of 7.36% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 24. It follows that stock’s current price would jump 36.21% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.21% for stock’s current value.
PG&E Corp. (PCG) estimates and forecasts
Statistics highlight that PG&E Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 20.95% of value to its shares in past 6 months, showing an annual growth rate of 10.57% while that of industry is 5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 2.30% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 6.53B for the same. And 4 analysts are in estimates of company making revenue of 7.31B in the next quarter. Company posted 5.89B and 7.04B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 10.44% while estimates for its earnings growth in next 5 years are of 9.10%.
PCG Dividends
PG&E Corp. is more likely to be releasing its next quarterly report on 2024-Nov-07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.20%, the share has a forward dividend of 0.04 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.32%.
PG&E Corp. (NYSE:PCG)’s Major holders
Insiders are in possession of 2.73% of company’s total shares while institution are holding 78.31 percent of that, with stock having share float percentage of 80.51%. Investors also watch the number of corporate investors in a company very closely, which is 78.31% institutions for PG&E Corp. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PCG for having 283.64 million shares of worth $4.95 billion. And as of 2024-06-30, it was holding 13.2917 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 176.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.2662 of outstanding shares, having a total worth of $3.08 billion.
