PG&E Corporation (NYSE:PCG) saw an upside of 0.63% to close Tuesday at $17.53 after adding $0.11 on the day. The 5-day average trading volume is 15,183,460 shares of the company’s common stock. It has gained $17.58 in the past week and touched a new high 1 time within the past 5 days. An average of 16,381,575 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,510,213.
PCG’s 1-month performance is 1.04% or $0.13 on its low of $17.03 reached on 08/04/23. The company’s shares have touched a 52-week low of $11.21 and high of $18.19, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, PCG has achieved 7.81% or $1.27 and has reached a new high 16 times. However, the current price is down -3.63% from the 52-week high price.
Insider Transactions
PCG stock investors last saw insider trading activity on Mar 30.Poppe Patricia K (Chief Executive Officer) most recently sold 66,700 shares at $15.87 per share on Mar 03. This transaction cost the insider $1,058,529. Former 10% owner, PG&E Fire Victim Trust, sold 60,000,000 shares at a price of $15.26 on Jan 09. Then, on Dec 12, 10% Owner PG&E Fire Victim Trust sold 60,000,000 shares at a price of $15.13 per share. This transaction amounted to $908,100,000.
Valuation Metrics
PCG stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.05 while the price-to-book (PB) in the most recent quarter is 1.49.
PG&E Corporation’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.11, while the total debt to equity was 2.28.. In terms of profitability, the gross margin trailing 12 months is 77.40%. The trailing 12-month EBITDA margin is 32.36% while for the period ending June 29, PG&E Corporation’s operating margin was 8.90%. The firm’s gross profit as reported stood at $1.84 billion against revenue of $21.68 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -17.0% to $406.0 million, while revenue of $569.0 million was -40.15% off the previous quarter. Analysts expected PCG to announce $0.25 per share in earnings in its latest quarter, but it posted $0.23, representing a -8.00% surprise. EBITDA for the quarter stood at more than $1.5 billion. PCG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 96.69 billion, with total debt at $55.71 billion. Shareholders hold equity totaling $2.57 billion.
Let’s look briefly at PG&E Corporation (PCG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 50.09% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.34%.
The stock’s 5-day moving average is $17.38, reflecting a +1.04% or $0.18 change from its current price. PCG is currently trading -0.85% above its 20-day SMA, +10.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.70% and SMA200 by+25.57%.
Stochastic %K and %D was 30.42% and 21.96% and the average true range (ATR) pointed at 0.34. The RSI (14) points at 50.56%, while the 14-day stochastic is at 48.54% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PG&E Corporation (NYSE: PCG), UBS upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PCG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PCG as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is PCG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $21.00, with their median price target at $19.50. Looking at these predictions, the average price target given by analysts is for PG&E Corporation (PCG) stock is $19.40.
