Blurbs

Morgan Stanley Sticks to Their Hold Rating for PG&E (PCG)

In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on PG&E (PCGResearch Report), with a price target of $14.00. The company’s shares opened today at $14.89.

According to TipRanks, Byrd is a 5-star analyst with an average return of 9.5% and a 59.10% success rate. Byrd covers the Utilities sector, focusing on stocks such as CMS Energy, ONE Gas, and American Electric Power.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PG&E with a $17.63 average price target.

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The company has a one-year high of $15.61 and a one-year low of $9.64. Currently, PG&E has an average volume of 27.5M.

Based on the recent corporate insider activity of 57 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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