In the latest trading session, 2.28 million PG&E Corp (NYSE:PCG) shares changed hands as the company’s beta touched 0.97. With the company’s most recent per share price at $20.74 changed hands at -$0.11 or -0.55% at last look, the market valuation stands at $44.32B. PCG’s current price is a discount, trading about -4.73% off its 52-week high of $21.72. The share price had its 52-week low at $15.94, which suggests the last value was 23.14% up since then. When we look at PG&E Corp’s average trading volume, we note the 10-day average is 23.37 million shares, with the 3-month average coming to 14.86 million.
Analysts gave the PG&E Corp (PCG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. 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.
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PG&E Corp (NYSE:PCG) trade information
Instantly PCG was in red as seen in intraday trades today. With action -3.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 15.00%, with the 5-day performance at -3.60% in the red. However, in the 30-day time frame, PG&E Corp (NYSE:PCG) is 3.93% up. Looking at the short shares, we see there were 33.15 million shares sold at short interest cover period of 3.12 days.
The consensus price target for the stock as assigned by Wall Street analysts is 24.5, meaning bulls need an upside of 15.35% from its recent market value. According to analyst projections, PCG’s forecast low is 24 with 25 as the target high. To hit the forecast high, the stock’s price needs a -20.54% plunge from its current level, while the stock would need to soar -15.72% 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 13.80% over the past 6 months, a 10.57% in annual growth rate that is considerably higher than the industry average of 4.90%.
The 2024 estimates are for PG&E Corp earnings to increase by 10.80%, but the outlook for the next 5-year period is at 9.35% per year.
PCG Dividends
PG&E Corp is expected to release its next quarterly earnings report in January. The 0.19% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 0.19% 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 78.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.40%. There are 78.21% 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.
