Investor’s Delight: PG&E Corp. (PCG) Closes Weak at 18.02, Down -1.26

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The closing price of PG&E Corp. (NYSE: PCG) was $18.02 for the day, down -1.26% from the previous closing price of $18.25. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 20.29 million shares were traded. PCG stock price reached its highest trading level at $18.43 during the session, while it also had its lowest trading level at $17.97.

Ratios:

Our analysis of PCG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 2.28 whereas as Long-Term Debt/Eq ratio is at 2.12.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on June 10, 2024, Upgraded its rating to Overweight and sets its target price to $22 from $19 previously.

On April 10, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $21.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 30 ’24 when Poppe Patricia K sold 59,000 shares for $17.08 per share. The transaction valued at 1,007,720 led to the insider holds 1,515,777 shares of the business.

Campbell Cheryl F. sold 10,000 shares of PCG for $169,000 on Sep 12 ’23. The Director now owns 54,153 shares after completing the transaction at $16.90 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PCG now has a Market Capitalization of 47125905408 and an Enterprise Value of 96673595392. As of this moment, PG&E’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.01, and their Forward P/E ratio for the next fiscal year is 12.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 4.015 whereas that against EBITDA is 12.474.

Stock Price History:

The Beta on a monthly basis for PCG is 1.08, which has changed by 0.020385027 over the last 52 weeks, in comparison to a change of 0.17829525 over the same period for the S&P500. Over the past 52 weeks, PCG has reached a high of $18.95, while it has fallen to a 52-week low of $14.71. The 50-Day Moving Average of the stock is 0.14%, while the 200-Day Moving Average is calculated to be 4.92%.

Shares Statistics:

PCG traded an average of 12.83M shares per day over the past three months and 11505980 shares per day over the past ten days. A total of 2.13B shares are outstanding, with a floating share count of 2.01B. Insiders hold about 5.90% of the company’s shares, while institutions hold 93.43% stake in the company. Shares short for PCG as of 1721001600 were 36632486 with a Short Ratio of 2.85, compared to 1718323200 on 36576125. Therefore, it implies a Short% of Shares Outstanding of 36632486 and a Short% of Float of 1.5599999999999998.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 3.32. The current Payout Ratio is 0.95% for PCG, which recently paid a dividend on 2024-06-28 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 1983-07-18 when the company split stock in a 2:1 ratio.

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