PG & E Corporation [PCG] Revenue Reaches $21.56 Billion, Up 23.72% YTD: What’s Next?


PG & E Corporation [NYSE: PCG] The stock went on an uptrend that gained over 3.02% on Friday, marking a one-week price increase of over 1.76%. On November 17, 2022, PG&E co-workers celebrate the holiday season with a ‘Week of Giving’ campaign, in service of hometown and non-profit organizations, the company reports.


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In-person and virtual volunteer programs support at-risk youth, nonprofits helping seniors.

Pacific Gas & Electric Company (PG&E) is kicking off the 2022 season of giving by partnering with nonprofit groups to give back to the customers and hometowns it is privileged to serve in Northern and Central California.

In last 12 months, PCG stock gained 24.13%. The one-year PG&E Corporation stock forecast points to a potential upside of 12.52. The Average Equity Rating for PCG stock is currently 2.00, The stock is trading near to a bullish pattern in the market.

The market cap for the stock reached $35.95 billion, with 2.47 billion shares outstanding and 2.11 billion shares in the current float. Compared to the average trading volume of 27.71M shares, the PCG stock reached a trading volume of 11660818 shares in the most recent trading day, which is why market watchdogs consider the stock as active.

Guru’s Opinion on PG&E Corporation [PCG],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on a target price for PCG shares is $17.17 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on PCG stock is a recommendation at 2.00. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Credit Suisse has an outlook for shares of PG&E Corporation on April 26, 2022, keeping its view on the stock as Outperform, in line with its previous recommendation. The new note on the price target was issued on August 16, 2021, which represents the official price. The target for PG&E Corporation stock. Earlier, the target price was raised again from $12 to $15.50, while Wells Fargo maintained an overweight rating on PCG stock.

The Average True Range (ATR) for PG&E Corporation is set at 0.44, The Price to Sales Ratio for PCG stock over the trailing 12 months period is 1.67. The Price to Book ratio for the previous quarter was 1.34, the Price to Cash per Share for the corresponding quarter was set at 0.11.

PCG Stock Performance Analysis:

PG & E Corporation [PCG] Moved into the green zone at the end of last week, in a positive trend and with a gain of 1.76. With this latest performance, PCG shares are up 6.98% over the past four-week period, as well as down 27.94% over the past 6 months — not to mention a 24.13% gain in the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the PCG stock for the past two-week period is set at 56.71, with the RSI last trading hit at 57.23, and the three-week RSI for PG&E Corporation is set at 57.21. [PCG], The current moving average of this stock for last 50 days of trade is 14.11, while for last one week it was recorded at 14.65 and for last 200 days it is 12.19.

Insight into the fundamentals of PG&E Corporation:

Operating margin for a stock indicates how profitable an investment will be, and PG&E Corporation [PCG] The shares currently have an operating margin of +10.37 and a gross margin of +10.37. The Net Margin of PG&E Corporation is currently recorded at -0.43.

The return on equity for this stock decreased to -0.42, while the return on assets stood at -0.08.

PG&E Corporation’s liquidity data is equally compelling, with a quick ratio of 0.80 and a current ratio set at 0.90.

PCG Stock EPS

The company’s progress can be seen through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for PCG. When it comes to quoted price, analysts are expecting a 5 Year EPS growth rate of 4.74% for PG&E Corporation.

PG & E Corporation [PCG] internal status statement

Institutional investors currently hold around $26,554 million, or 73.20% of PCG stock, in their hands. The top three institutional holders of PCG stock are: Vanguard Group Inc with ownership of 219,490,888, which accounts for approximately 15.735% of the company’s market cap and approximately 12.60% of total institutional ownership; Capital Research Global Investors holds 200,528,674 shares of PCG stock with an estimated value of $3.01 billion in PCG stock shares; and FMR LLC, with $2.81 billion in PCG stock currently holding approximately -3.719% of the company’s market capitalization.

Positions of PG&E Corporation shares held by institutional investors increased at the end of October and during the October reporting period, where 236 institutional holders increased their positions in PG&E Corporation. [NYSE:PCG] By approximately 266,933,925 shares. Additionally, 200 investors reduced positions by approximately 89,479,743 shares, while 83 investors maintained positions by holding 1,411,527,736 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 1,767,941,404 shares. There were 74 new institutional investments in PCG stock for a total of 21,713,855 shares, while 75 institutional investors sold 13,992,902 shares during the same period.

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