The stock of PG&E Corporation (NYSE:PCG) decreased by -$0.22 on Monday to finish at $17.20, down -1.26 percent. The last five days have seen an average of 15,848,980 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $0.94. The average number of shares traded over the last 20 days was 15,122,095, while the average volume over the last 50 days totaled 16,714,904.
PCG stock dropped -3.48% since last month. On 08/04/23, the company’s shares reached a one-month low of $17.03. The stock touched a high of $18.19 on 07/12/23, after rallying from a low of $11.60 in 52 weeks. The price of PCG stock has risen by 5.78% or $0.94 this year, reaching a new high 16 times. Still, the stock price is down -5.44% from the 52-week high.
Insider Transactions
PCG stock investors should be aware that PG&E Corporation (PCG) stock had its last reported insider trading activity 138 days ago on Mar 30. On Mar 30, EVP Finance Burke Carolyn Jeanne acquired 156 shares at $15.90 each. This transaction resulted in the insider spending $2,480. On Mar 03, Poppe Patricia K sold 66,700 shares at a price of US$15.87. After the transaction, the insider now owns 1,269,325 shares. Former 10% owner PG&E Fire Victim Trust had earlier sold 60,000,000 shares on Jan 09 for $15.26 a share. The transaction was completed for $915,600,000.
Valuation Metrics
PG&E Corporation (PCG) has a trailing price-to-earnings (P/E) ratio of 18.88. Beta for the stock is 1.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 1.46.
Company paid $0.53 per share in dividends, remained unchanged from $0.53 last year.
Financial Health
For the three months ended June 29, PG&E Corporation’s quick ratio was 0.90, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.11, and the total debt to equity ratio is 2.28. As far as profitability goes, gross margin for the trailing twelve months is 77.40% percent. PG&E Corporation’s EBITDA margin for the year ended June 29 was 32.36%, whereas its operating margin stood at 8.90% for the same period. Based on annual data, it had gross profit of $1.84 billion and revenue of $21.68 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PCG’s return on assets (ROA) during the last 12 months has been 1.60%. There was a 4.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.40%.
Earnings Surprise
According to PG&E Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.29 billion, while revenues fell by -9.6% to $6.21 billion. It was predicted that PG&E Corporation’s quarterly earnings would be $0.23, but it ended up being $0.25, beating the consensus by -8.00%. EBITDA was $1.5 billion for the quarter. At the end of PG&E Corporation’s most recent quarter ended June 29, its liabilities totaled 96.69 billion, while its total debt was $55.71 billion. Equity owned by shareholders amounts to $2.57 billion.
Technical Picture
Here’s a quick look at PG&E Corporation’s (PCG) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 39.53%, suggesting the stock is Neutral, with a 18.12% historical volatility rate.
The stochastic %K and %D were 30.10% and 36.46% respectively, while the average true range (ATR) was 0.32. Based on the 14-day stochastic reading of 16.50%, the RSI (14) reading is 43.75%. On the 9-day MACD Oscillator, the stock is at -0.03, and the 14-day reading is at -0.12.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on PG&E Corporation (NYSE: PCG) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned PG&E Corporation (PCG) an Overweight rating. PCG is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is PCG’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $21.00, with a median target price of $19.50. In analyzing these forecasts, the average price target given by analysts for PG&E Corporation (PCG) is $19.40.
