An Analysis Of PG&E Corporation (PCG)’s Weekly Performance

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As of Wednesday close, PG&E Corporation’s (NYSE:PCG) stock was up $0.12, moving up 0.79 percent to $15.24. The average number of shares traded per day over the past five days has been 9,712,660 shares. 5 times new highs have been achieved over the past 5 days, with a $0.51 gain in that time frame. In the last twenty days, the average volume was 16,494,820, while in the previous 50 days, it was 31,183,668.

Since last month, PCG stock rose 0.73%. Shares of the company fell to $14.32 on 11/15/22, the lowest level in the past month. A 52-week high of $15.60 was reached on 10/27/22 after having rallying from a 52-week low of $9.64. Since the beginning of this year, PCG’s stock price has risen by 25.54% or $3.10, and marked a new high 15 times. However, the stock has declined by -2.34% since its 52-week high.


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PCG stock investors should be aware that PG&E Corporation (PCG) stock had its last reported insider trading activity 29 days ago on Oct 27. PG&E Fire Victim Trust, the 10% Owner of the company, disposed of 35,000,000 shares for $14.77 on Oct 27. It resulted in a $516,950,000 divestment by the insider. PG&E Fire Victim Trust sold 35,000,000 shares at an average price of $13.65 on Oct 04. The insider now owns 342,743,590 shares following the transaction. On Sep 08, Chief Executive Officer Poppe Patricia K sold 83,330 shares at $13.00 apiece. The transaction was valued at $1,083,290.

Valuation Metrics

Right now, PG&E Corporation (PCG) has a P/E ratio of about 18.12. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 1.69, the price-to-book (PB) ratio of 1.36.

The latest dividend of $0.53 per share was paid out, remained unchanged from last year’s $0.53.

Financial Health

In the three months ended September 29, PG&E Corporation’s quick ratio stood at 0.80, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 2.15, and the total debt-to-equity ratio was 2.28. On the profitability front, the trailing twelve-month gross margin is 78.50% percent. In the year ended September 29, operating margins totaled 10.90%. Based on annual data, PCG earned $1.88 billion in gross profit and brought in $20.64 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.60%. Return on equity (ROE) for the past 12 months was 8.10%.

In PG&E Corporation’s quarter-end financial report for September 29, it reported total debt of $47.85 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PCG’s revenue rose 3.32% to $5.12 billion during the quarter, while net income inched up to $5.39 billion. While analysts expected PG&E Corporation to report $0.2 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by 45.00%. During the quarter, the company generated $1.73 billion in EBITDA. The liabilities of PG&E Corporation were 94.53 billion at the end of its most recent quarter ended September 29. The value of shareholders’ equity is $2.47 billion.

Technical Picture

This quick technical analysis looks at PG&E Corporation’s (PCG) price momentum. With a historical volatility rate of 22.73%, the RSI 9-day stood at 62.14% on 23 November.

With respect to its five-day moving average, the current PG&E Corporation price is up by +3.46% percent or $0.51. At present, PCG shares trade +0.46% above its 20-day simple moving average and +54.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.28% above its SMA50 and +25.43% above its SMA200.

Stochastic coefficient K was 68.09% and Stochastic coefficient D was 58.78%, while ATR was 0.40. Given the Stochastic reading of 78.63% for the 14-day period, the RSI (14) reading has been calculated as 59.67%. As of today, the MACD Oscillator reading stands at 0.30, while the 14-day reading stands at 0.26.

Analyst Ratings

Credit Suisse launched its rating on PG&E Corporation (NYSE: PCG) to an Outperform in a note to investors on April 26, 2022. PG&E Corporation (PCG) has been rated Overweight by analysts. According to 0 brokerage firms, PCG is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate PG&E Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $18.00, the current consensus forecast for the stock is $14.00 – $19.00. Based on these forecasts, analysts predict PG&E Corporation (PCG) will achieve an average price target of $17.27.

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