In the latest trading session, 0.58 million PG&E Corp. (NYSE:PCG) shares changed hands as the company’s beta touched 1.04. With the company’s most recent per share price at $20.42 changing hands around $0.07 or 0.32% at last look, the market valuation stands at $43.64B. PCG’s current price is a discount, trading about -1.13% off its 52-week high of $20.65. The share price had its 52-week low at $15.59, which suggests the last value was 23.65% up since then. When we look at PG&E Corp.’s average trading volume, we note the 10-day average is 9.4 million shares, with the 3-month average coming to 13.16 million.
Analysts gave the PG&E Corp. (PCG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.63. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PCG as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. PG&E Corp.’s EPS for the current quarter is expected to be 0.31.
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PG&E Corp. (NYSE:PCG) trade information
Instantly PCG is in green as seen in intraday trades today. With action 0.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 13.23%, with the 5-day performance at 0.02% in the green. However, in the 30-day time frame, PG&E Corp. (NYSE:PCG) is 1.92% up. Looking at the short shares, we see there were 34.99 million shares sold at short interest cover period of 1.95 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 7.18% from its recent market value. According to analyst projections, PCG’s forecast low is 13 with 25 as the target high. To hit the forecast high, the stock’s price needs a -22.43% plunge from its current level, while the stock would need to tank 36.34% for it to hit the projected low.
PG&E Corp. (PCG) estimates and forecasts
Data shows that the PG&E Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.37% over the past 6 months, a 10.57% in annual growth rate that is considerably higher than the industry average of 4.90%. Year-over-year growth is forecast to reach 2.10% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 6.53B. 4 analysts are of the opinion that PG&E Corp.’s revenue for the current quarter will be 7.31B. The company’s revenue for the corresponding quarters a year ago was 5.89B and 7.04B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.00%. The estimates for the next quarter sales put growth at 3.80%.
The 2024 estimates are for PG&E Corp. earnings to increase by 10.46%, but the outlook for the next 5-year period is at 9.25% per year.
PCG Dividends
PG&E Corp. is expected to release its next quarterly earnings report on 2024-Nov-07. The 0.20% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 0.20% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.32 per year.
PG&E Corp. (NYSE:PCG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.73% of PG&E Corp. shares while 78.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.54%. There are 78.34% institutions holding the PG&E Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 13.2917% of the shares, roughly 283.64 million PCG shares worth $4.95 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2662% or 176.4 million shares worth $3.08 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 82.7 shares estimated at $1.68 billion under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.14% of the shares, roughly 56.01 shares worth around $1.14 billion.
