PG&E’s (PCG) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of PG&E (NYSE:PCG) in a report published on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a $22.00 price target on the utilities provider’s stock.

Several other equities research analysts have also issued reports on PCG. BMO Capital Markets initiated coverage on shares of PG&E in a research note on Monday, January 13th. They issued an “outperform” rating and a $21.00 price target on the stock. Barclays lowered their price target on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. UBS Group lowered their price objective on shares of PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho boosted their price objective on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.05.

PG&E Trading Down 3.5 %

PCG opened at $15.30 on Wednesday. The stock has a market capitalization of $40.00 billion, a P/E ratio of 11.95, a P/E/G ratio of 1.09 and a beta of 0.99. PG&E has a 12 month low of $14.99 and a 12 month high of $21.72. The firm’s fifty day simple moving average is $17.93 and its 200 day simple moving average is $19.19. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. PG&E had a net margin of 11.11% and a return on equity of 12.51%. During the same period in the previous year, the company posted $0.47 EPS. As a group, research analysts anticipate that PG&E will post 1.36 EPS for the current fiscal year.

Insider Activity at PG&E

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the completion of the sale, the chief executive officer now owns 1,460,222 shares of the company’s stock, valued at $30,168,186.52. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

Institutional Trading of PG&E

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 626 shares during the period. UMB Bank n.a. lifted its holdings in shares of PG&E by 61.5% during the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,506 shares during the period. Blue Trust Inc. lifted its holdings in shares of PG&E by 77.7% during the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 1,834 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in shares of PG&E by 98.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 2,154 shares during the period. Finally, Optiver Holding B.V. lifted its holdings in shares of PG&E by 23.9% during the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 825 shares during the period. Institutional investors own 78.56% of the company’s stock.

About PG&E

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.