RBC Capital Sticks to Their Buy Rating for PG&E (PCG)

RBC Capital analyst Shelby Tucker maintained a Buy rating on PG&E (PCGResearch Report) on January 17 and set a price target of $20.00. The company’s shares closed yesterday at $15.61.

Tucker covers the Utilities sector, focusing on stocks such as American Electric Power, American Water, and Essential Utilities. According to TipRanks, Tucker has an average return of 12.6% and a 76.81% success rate on recommended stocks.

In addition to RBC Capital, PG&E also received a Buy from Mizuho Securities’s Paul Fremont in a report issued on January 9. However, on January 3, UBS downgraded PG&E (NYSE: PCG) to a Hold.

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The company has a one-year high of $16.49 and a one-year low of $9.64. Currently, PG&E has an average volume of 16.44M.

Based on the recent corporate insider activity of 76 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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