In today’s recent session, 3.94 million shares of the PG&E Corp (NYSE:PCG) have been traded, and its beta is 1.01. Most recently the company’s share price was $21.14, and it changed around $0.14 or 0.68% from the last close, which brings the market valuation of the company to $45.19B. PCG at last check was trading at a discount to its 52-week high of $21.51, offering almost -1.75% off that amount. The share price’s 52-week low was $15.94, which indicates that the recent value has risen by an impressive 24.6% since then. We note from PG&E Corp’s average daily trading volume that its 10-day average is 14.48 million shares, with the 3-month average coming to 13.27 million.
PG&E Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.81. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 6 recommended PCG as a Hold, whereas 9 deemed it a Buy, and 1 rated it as Underweight. PG&E Corp is expected to report earnings per share of 0.32 for the current quarter.
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PG&E Corp (NYSE:PCG) trade information
Instantly PCG has been showing a green trend so far today with a performance of 0.68% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 21.38 on recent trading dayincreased the stock’s daily price by 1.12%. The company’s shares are currently up 17.27% year-to-date, but still down -0.64% over the last five days. On the other hand, PG&E Corp (NYSE:PCG) is 2.79% up in the 30-day period. We can see from the shorts that 34.09 million shares have been sold at a short interest cover period of 3.62 day(s).
The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 3.91% from its current value. Analyst projections state that PCG is forecast to be at a low of $13 and a high of $25.
PG&E Corp (PCG) estimates and forecasts
PG&E Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 12.88 percent over the past six months and at a 10.57% annual growth rate that is well above the industry average of 4.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -31.23% in revenue this quarter, and will report an increase of 2.09% in the next quarter. The year-over-year growth rate is expected to be -0.96%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 6.98B in revenue for the current quarter. 2 analysts expect PG&E Corp to make 6.13B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.04B and 5.86B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.83%. Forecasts for the next quarter put sales growth at 4.59%.
PG&E Corp earnings are expected to increase by 10.62% in 2024, but the outlook is positive 9.30% per year for the next five years.
PCG Dividends
PG&E Corp’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 0.19 percent and its annual dividend per share was 0.04. It is important to note, however, that the 0.19% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.32 per year.
PG&E Corp (NYSE:PCG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.73% of PG&E Corp shares, and 78.11% of them are in the hands of institutional investors. The stock currently has a share float of 80.30%. PG&E Corp stock is held by 978.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 13.2917% of the shares, which is about 283.64 million shares worth $4.95 billion.
BLACKROCK INC., with 8.2662% or 176.4 million shares worth $3.08 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 82.7 shares worth $1.75 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 56.01 shares worth around $1.18 billion, which represents about 2.14% of the total shares outstanding.
