0.33 % to Target, Citigroup Keeps ‘”Neutral”’ Rating on PG\u0026E (NYSE:PCG) Shares Today

April 25, 2018 - By Michael Collier

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.24, from 1.17 in 2017Q3. It dropped, as 97 investors sold PG&E Corporation shares while 174 reduced holdings. 109 funds opened positions while 142 raised stakes. 400.70 million shares or 2.67% less from 411.71 million shares in 2017Q3 were reported.

Nomura Asset Management Ltd owns 0.04% invested in PG&E Corporation (NYSE:PCG) for 77,076 shares. Shine Investment Advisory Ser invested in 0.01% or 513 shares. Nordea Investment Mgmt reported 2.16 million shares or 0.23% of all its holdings. Automobile Association invested in 178,265 shares or 0.02% of the stock. Hexavest stated it has 0.37% of its portfolio in PG&E Corporation (NYSE:PCG). Norinchukin Financial Bank The has invested 0.03% in PG&E Corporation (NYSE:PCG). Gemmer Asset Management Limited Liability Corp holds 0.05% of its portfolio in PG&E Corporation (NYSE:PCG) for 3,295 shares. Focused Wealth Incorporated has invested 0.03% of its portfolio in PG&E Corporation (NYSE:PCG). Nelson Roberts Investment Ltd Com reported 820 shares. Foothills Asset Mgmt Ltd holds 15,700 shares or 0.53% of its portfolio. Bank Of Mellon Corporation has invested 0.04% of its portfolio in PG&E Corporation (NYSE:PCG). Cyrus Cap Partners Ltd Partnership holds 0.23% of its portfolio in PG&E Corporation (NYSE:PCG) for 50,000 shares. Hightower Ltd Liability reported 20,046 shares. Motco stated it has 10 shares. Toronto Dominion Bancshares holds 0.03% or 221,292 shares.

PG\u0026E (NYSE:PCG) Rating Reaffirmed

Analysts at Citigroup now has a $46 PT on PG\u0026E (NYSE:PCG). Citigroup and their recent PT suggests a potential upside of 0.33 % from the company’s last stock close price. The rating has been revealed to clients and investors in an analyst note on Tuesday morning.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.24, from 1.17 in 2017Q3. It dropped, as 97 investors sold PG&E Corporation shares while 174 reduced holdings. 109 funds opened positions while 142 raised stakes. 400.70 million shares or 2.67% less from 411.71 million shares in 2017Q3 were reported.

Nomura Asset Management Ltd owns 0.04% invested in PG&E Corporation (NYSE:PCG) for 77,076 shares. Shine Investment Advisory Ser invested in 0.01% or 513 shares. Nordea Investment Mgmt reported 2.16 million shares or 0.23% of all its holdings. Automobile Association invested in 178,265 shares or 0.02% of the stock. Hexavest stated it has 0.37% of its portfolio in PG&E Corporation (NYSE:PCG). Norinchukin Financial Bank The has invested 0.03% in PG&E Corporation (NYSE:PCG). Gemmer Asset Management Limited Liability Corp holds 0.05% of its portfolio in PG&E Corporation (NYSE:PCG) for 3,295 shares. Focused Wealth Incorporated has invested 0.03% of its portfolio in PG&E Corporation (NYSE:PCG). Nelson Roberts Investment Ltd Com reported 820 shares. Foothills Asset Mgmt Ltd holds 15,700 shares or 0.53% of its portfolio. Bank Of Mellon Corporation has invested 0.04% of its portfolio in PG&E Corporation (NYSE:PCG). Cyrus Cap Partners Ltd Partnership holds 0.23% of its portfolio in PG&E Corporation (NYSE:PCG) for 50,000 shares. Hightower Ltd Liability reported 20,046 shares. Motco stated it has 10 shares. Toronto Dominion Bancshares holds 0.03% or 221,292 shares.

PG&E Corporation (NYSE:PCG) Ratings Coverage

Among 10 analysts covering PG&E Corp (NYSE:PCG), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. PG&E Corp has $66.0 highest and $45.0 lowest target. $53.25’s average target is 16.14% above currents $45.85 stock price. PG&E Corp had 15 analyst reports since November 5, 2017 according to SRatingsIntel. On Tuesday, April 10 the stock rating was maintained by JP Morgan with “Overweight”. The rating was maintained by Citigroup on Tuesday, April 24 with “Neutral”. The firm has “Overweight” rating given on Monday, April 16 by Morgan Stanley. Citigroup maintained PG&E Corporation (NYSE:PCG) on Monday, January 22 with “Hold” rating. The firm has “Neutral” rating given on Friday, December 1 by Mizuho. On Wednesday, February 21 the stock rating was maintained by JP Morgan with “Overweight”. The stock of PG&E Corporation (NYSE:PCG) earned “Hold” rating by Wells Fargo on Monday, December 18. On Sunday, November 5 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was downgraded on Tuesday, January 2 by Guggenheim. Mizuho maintained the stock with “Hold” rating in Thursday, April 5 report.

The stock decreased 0.97% or $0.45 during the last trading session, reaching $45.85. About 41,584 shares traded. PG&E Corporation (NYSE:PCG) has declined 34.60% since April 25, 2017 and is downtrending. It has underperformed by 46.15% the S&P500.

Analysts await PG&E Corporation (NYSE:PCG) to report earnings on May, 3 before the open. They expect $1.09 earnings per share, up 2.83 % or $0.03 from last year’s $1.06 per share. PCG’s profit will be $562.33 million for 10.52 P/E if the $1.09 EPS becomes a reality. After $0.63 actual earnings per share reported by PG&E Corporation for the previous quarter, Wall Street now forecasts 73.02 % EPS growth.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural clients primarily in northern and central California. The company has market cap of $23.65 billion. The companyÂ’s electricity distribution network consists of approximately 142,000 circuit miles of distribution lines, 59 transmission switching substations, and 606 distribution substations; and electricity transmission network comprises approximately 18,400 circuit miles of interconnected transmission lines and 92 electric transmission substations. It has a 14.28 P/E ratio. The Company’s natural gas system consists of approximately 42,800 miles of distribution pipelines, approximately 6,700 miles of backbone and local transmission pipelines, and various storage facilities.

PG&E Corporation (NYSE:PCG) Institutional Positions Chart

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