Is PG&E Corporation (PCG) A Good Investment?

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PG&E Corporation (NYSE:PCG) finished Thursday with a subtraction of -$0.05 to close at $12.96, a downside of -0.38 percent. An average of 15,928,760 shares of common stock have been traded in the last five days. There was a fall of -$0.15 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 17,082,260 shares traded, while the 50-day average volume stands at 12,661,162.

PCG stock has increased by 10.58% in the last month. The company shares reached their 1-month lowest point of $11.60 on 08/24/22. With the stock rallying to its 52-week high on 09/20/22, shares of the company touched a low of $9.46 and a high of $13.53 in 52 weeks. It has reached a new high 9 times so far this year and achieved 6.75% or $0.82 in price. In spite of this, the price is down -4.25% from the 52-week high.


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Insider Transactions

15 days have passed since PG&E Corporation (PCG) last reported insider trading activity. Poppe Patricia K, who is Chief Executive Officer, most recently acquired $83,330 shares at $13.00 per share on Sep 08. In this transaction, the insider spent $1,083,290. 10% Owner, PG&E Fire Victim Trust, disposed of 60,000,000 shares at a price of $12.04 on Apr 14. The insider now owns more than $722,400,000 worth of shares. Prior to that, 10% Owner PG&E Fire Victim Trust went on to Sale 40,000,000 shares at $12.09 each on Jan 31. An amount of $483,600,000 was transacted.

Valuation Metrics

PG&E Corporation (PCG) has a trailing price-to-earnings (P/E) ratio of 168.31. The stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.48, the price-to-book (PB) ratio at 1.18.

Financial Health

The quick ratio of PG&E Corporation for the three months ended June 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.03 and a total debt to equity ratio of 2.22 for the quarter ending June 29. Its gross profit as reported stood at $1.88 billion compared to revenue of $20.64 billion.

Earnings Surprise

For the three-month period that ended June 29, PG&E Corporation had $44.17 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $356.0 million in the quarter, while revenues were grew 66.29%. The analyst consensus anticipated PG&E Corporation’s latest quarter earnings to come in at $0.28 per share, but it turned out to be $0.25, a -10.70% surprise. For the quarter, EBITDA amounted to $1.39 billion. Shareholders own equity worth $2.47 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at PG&E Corporation (PCG) price momentum. RSI 9-day as of the close on 22 September was 53.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.76%.

As of today, PCG’s price is $13.16 -1.14% or -$0.15 from its 5-day moving average. PCG is currently trading +8.00% higher than its 20-day SMA and +2.45% higher than its 100-day SMA. However, the stock’s current price level is +28.57% above the SMA50 and +3.35% above the SMA200.

The stochastic %K and %D were 71.57% and 80.98%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 63.26% and the average true range at 0.38, the RSI (14) stands at 57.42%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.13.

Analyst Ratings

Credit Suisse launched coverage on PG&E Corporation (NYSE: PCG) in its analyst report released on April 26, 2022. The firm assigned the stock an Outperform rating.

What is PCG’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $19.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for PG&E Corporation (PCG) stock is $16.46.

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