TipRanksStock Market NewsPCG NewsPG&E (PCG) Gets a Buy Rating from RBC Capital

PG&E (PCG) Gets a Buy Rating from RBC Capital

In a report issued on August 1, Shelby Tucker from RBC Capital maintained a Buy rating on PG&E (PCGResearch Report), with a price target of $16.00. The company’s shares closed last Wednesday at $11.12.

According to TipRanks.com, Tucker is a top 100 analyst with an average return of 11.4% and a 76.2% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

PG&E has an analyst consensus of Moderate Buy, with a price target consensus of $15.50, which is a 39.6% upside from current levels. In a report issued on July 18, Barclays also maintained a Buy rating on the stock with a $16.00 price target.

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Based on PG&E’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.12 billion and net profit of $360 million. In comparison, last year the company earned revenue of $5.22 billion and had a net profit of $401 million.

Based on the recent corporate insider activity of 45 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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