Investment Analysts’ Recent Ratings Changes for PG&E (PCG)

Several analysts have recently updated their ratings and price targets for PG&E (NYSE: PCG):

• 2/18/2025 – PG&E had its price target raised by analysts at BMO Capital Markets from $21.00 to $23.00. They now have an “outperform” rating on the stock.
• 2/18/2025 – PG&E was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
• 2/14/2025 – PG&E was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $16.50 price target on the stock, down previously from $20.00.
• 2/12/2025 – PG&E had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $22.00 price target on the stock.
• 1/30/2025 – PG&E had its price target lowered by analysts at UBS Group AG from $24.00 to $22.00. They now have a “buy” rating on the stock.
• 1/27/2025 – PG&E had its price target lowered by analysts at Barclays PLC from $24.00 to $23.00. They now have an “overweight” rating on the stock.
• 1/13/2025 – PG&E is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $21.00 price target on the stock.

PG&E Trading Up 0.3 %

Shares of PCG stock opened at $16.05 on Tuesday. PG&E Co. has a fifty-two week low of $14.99 and a fifty-two week high of $21.72. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The stock has a 50 day simple moving average of $17.42 and a two-hundred day simple moving average of $19.10. The company has a market cap of $42.86 billion, a P/E ratio of 13.95, a PEG ratio of 1.09 and a beta of 0.99.

PG&E (NYSE:PCG) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same quarter in the previous year, the company earned $0.47 EPS. Research analysts forecast that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.62%. PG&E’s dividend payout ratio (DPR) is presently 8.70%.

Insider Activity

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the completion of the sale, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arno Lockheart Harris acquired 6,389 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the purchase, the director now directly owns 14,864 shares of the company’s stock, valued at approximately $232,770.24. This represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PG&E

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of PG&E in the fourth quarter valued at about $591,625,000. Capital Research Global Investors grew its position in PG&E by 70.3% in the 4th quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider’s stock worth $944,540,000 after purchasing an additional 19,317,171 shares in the last quarter. FMR LLC increased its stake in PG&E by 5.1% in the 3rd quarter. FMR LLC now owns 176,839,426 shares of the utilities provider’s stock valued at $3,496,115,000 after buying an additional 8,604,396 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of PG&E by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider’s stock worth $5,132,964,000 after buying an additional 6,151,233 shares in the last quarter. Finally, Zimmer Partners LP boosted its stake in shares of PG&E by 84.9% in the 4th quarter. Zimmer Partners LP now owns 12,661,324 shares of the utilities provider’s stock worth $255,506,000 after buying an additional 5,814,624 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

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.