PG&E (PCG) Projected to Post Earnings on Thursday

PG&E (NYSE:PCG) is expected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $7.11 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

PG&E Trading Up 0.9 %

Shares of PG&E stock opened at $15.79 on Wednesday. The firm has a market cap of $41.28 billion, a PE ratio of 12.33, a P/E/G ratio of 1.09 and a beta of 0.99. PG&E has a 1 year low of $14.99 and a 1 year high of $21.72. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. The stock has a fifty day moving average price of $18.31 and a 200-day moving average price of $19.28.

Insider Transactions at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of the 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 sale, the chief executive officer now directly owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

PCG has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 30th. BMO Capital Markets began coverage on shares of PG&E in a report on Monday, January 13th. They issued an “outperform” rating and a $21.00 price target on the stock. Mizuho upped their price objective on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Barclays decreased their target price on PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, PG&E currently has a consensus rating of “Moderate Buy” and an average target price of $22.36.

PG&E Company Profile

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.