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Analysts Say You Should Still Hold PG&E Corporation (NYSE: PCG)

PG&E Corporation (NYSE:PCG) traded at $15.06 at last check on Tuesday, November 22, made an upward move of 0.43% on its previous day’s price.

Looking at the stock we see that its previous close was $14.99 with the day’s price range being $14.8725 – $15.12. The company has a trailing 12-month PE ratio of 17.82. In terms of its 52-week price range, PCG has a high of $15.60 and a low of $9.64. The company’s stock has gained about 3.38% over that past 30 days.

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PG&E Corporation has a market cap of $35.87 billion and is expected to release its quarterly earnings report on Feb 08, 2023 – Feb 13, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.32, with the EPS growth for the year raised at $1.09 for 2022 and $1.23 for next year. These figures represent 0.90% and 12.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.6 billion, with a low of $4.99 billion and a high of $6.08 billion. The median projection represents growth squeezing down to 6.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $22.12 billion, or 7.20% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PCG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note that the PEG ratio for the PCG stock currently stands at 3.76, and the most recent price level today is 0.71% off its SMA20 and 6.45% from its 50-day simple moving average. The RSI (14) is pointing at 57.11 while the volatility over the past week is 2.50% and jumps to 2.76% over the past one month. The beta value is 1.14, while the average true range (ATR) is currently pointing at 0.42. The average price target for the stock over the next 12 months is $17.27, with the estimates having a low of $14.00 and a high of $19.00. These price ends are 7.04% and -26.16% off the today’s price level respectively, although investors could be excited at the prospect of a -19.52% if the PCG share price touches on the median price of $18.00.

Let’s briefly compare PG&E Corporation (PCG) stock to its peers. We find that today’s price change of 0.43% and 21.08% over the past 12 months for PCG competes that of NextEra Energy Inc. (NEE), which has seen its stock price rise 0.84% in the latest trading session and is -5.33% over the last one year. Another of its peers The Southern Company (SO) has gained 0.05% today, and was 4.88% up over the past year, while Eversource Energy (ES) is also up 0.62% yet, while its price remains in the red at -4.13% over the same period. PG&E Corporation has a P/E ratio of 17.82 compared to NextEra Energy Inc.’s 43.16 and The Southern Company’s 20.87. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.72% and 0.82%, respectively, in early deals.

Coming back to PG&E Corporation (NYSE:PCG), we note that the average 3-month trading volume was 27.90 million, while that of the preceding 10-day period stands at 15.7 million. Current shares outstanding are 2.47 billion.

The insiders hold 12.60% of the company’s shares while institutions hold 73.20%. The data shows that short shares as of Oct 13, 2022, stood at 126.5 million at a short ratio of 2.66. This represents a 5.13% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 73.17 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 23.48% up in year-to-date price movement.

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