PG&E (NYSE:PCG) Price Target Increased to $19.00 by Analysts at JPMorgan Chase & Co.

PG&E (NYSE:PCG) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $18.00 to $19.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.76% from the company’s current price.

Several other equities analysts have also issued reports on PCG. The Goldman Sachs Group initiated coverage on PG&E in a report on Wednesday, April 10th. They set a “buy” rating and a $21.00 price objective on the stock. Barclays dropped their price target on PG&E from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, January 22nd. Finally, StockNews.com upgraded PG&E from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and a consensus target price of $18.89.

PG&E Price Performance

PCG stock opened at $17.00 on Tuesday. The stock has a market cap of $36.33 billion, a price-to-earnings ratio of 16.19 and a beta of 1.32. PG&E has a fifty-two week low of $14.71 and a fifty-two week high of $18.32. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 2.04. The business has a 50 day moving average price of $16.56 and a 200 day moving average price of $16.88.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.43 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. During the same quarter in the previous year, the firm earned $0.26 EPS. Equities research analysts anticipate that PG&E will post 1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CWM LLC raised its holdings in PG&E by 10.4% during the third quarter. CWM LLC now owns 17,673 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 1,665 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of PG&E by 470.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,442 shares of the utilities provider’s stock valued at $39,000 after buying an additional 2,014 shares during the period. HB Wealth Management LLC lifted its holdings in shares of PG&E by 41.0% in the 3rd quarter. HB Wealth Management LLC now owns 18,346 shares of the utilities provider’s stock valued at $296,000 after buying an additional 5,339 shares during the period. SG Americas Securities LLC grew its holdings in PG&E by 11.9% during the third quarter. SG Americas Securities LLC now owns 78,775 shares of the utilities provider’s stock worth $1,271,000 after acquiring an additional 8,369 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in PG&E by 24.0% during the third quarter. State of Alaska Department of Revenue now owns 248,475 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 48,140 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

About PG&E

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.