PG&E (PCG) to Release Earnings on Thursday

PG&E (NYSE:PCG) will likely be issuing its quarterly earnings data 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 that are interested in participating in the company’s conference call can do so using this link.

PG&E Stock Up 1.9 %

PCG opened at $15.61 on Tuesday. PG&E 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 2.02, a quick ratio of 0.99 and a current ratio of 1.04. The stock has a market cap of $40.81 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The firm’s fifty day moving average is $18.41 and its 200 day moving average is $19.29.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays lowered their price target on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group began coverage on shares of PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 target price for the company. Mizuho lifted their price target on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. UBS Group dropped 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. Finally, BMO Capital Markets initiated coverage on PG&E in a report on Monday, January 13th. They issued an “outperform” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.36.

Insider Buying and Selling

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 directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is owned by corporate insiders.

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.