Mizuho Securities Sticks to Their Buy Rating for PG&E (PCG)

In a report released on January 20, Anthony Crowdell from Mizuho Securities maintained a Buy rating on PG&E (PCGResearch Report), with a price target of $19.00. The company’s shares closed last Friday at $15.65.

According to TipRanks, Crowdell is a 3-star analyst with an average return of 3.2% and a 60.51% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Avista, Dominion Energy, and DTE Energy.

Currently, the analyst consensus on PG&E is a Moderate Buy with an average price target of $17.88, implying a 14.25% upside from current levels. In a report released on January 17, RBC Capital also maintained a Buy rating on the stock with a $20.00 price target.

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PCG market cap is currently $31.11B and has a P/E ratio of 18.62.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1905, California-based Pacific Gas & Electric Corporation provides natural gas and electricity to customers in northern and central California. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.

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