President & COO, PG&E Company Stavropoulos Nickolas sold 1,161 shares in PG&E Corporation (NYSE:PCG) for $113,664 in transaction occurred on 2018/08/22. After making this transaction, the President & COO, PG&E Company owns a direct stake of 52,001 shares, worth $1,614,029, as per the last closing price. On 2018/06/01 Kane Julie, SVP, Chief Compliance Officer at PCG, dumped 489 shares at an average price of $43.33 per share. The selling total is valued at $249,139.
Separately, it had been reported that some other PCG insiders also took part of the insider trading activity. SVP, Chief Compliance Officer, Kane Julie had divested 936 shares for $18,424 through a trade on 2018/03/06. Following this activity, the insider holds 39,246 shares worth $261,621 as of recent close. Wall Street’s most bullish PG&E Corporation (NYSE:PCG) analysts are predicting the share price to blow past $29 per share during the next 12 months. The current median share price forecast by them is $12.5, suggesting that the stock could increase -11.97% in that time frame. The average price target of $14.63 calls for a nearly 3.03% increase in the stock price.
PG&E Corporation (PCG) trading activity significantly weakened as the volume at ready counter decreased to 6,485,907 shares versus 54,254,395 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 45,447,484 shares. The share price rose 1% in recent trade and currently has a stock-market value of $7.29B. The shares finished at $14.2, after trading as low as $13.7103 earlier in the session. It hit an intraday high Friday at $14.57. The stock is now 180.08% above against its bear-market low of $5.07 on January 15, 2019. It has retreated -248.03% since it’s 52-week high of $49.42 reached in November. Now the market price is down -64.03% on the year and down -40.21% YTD.
PCG’s 50 day simple moving average (SMA 50) price is $19.08 and its 200-day simple moving average (SMA 200) price is $37.22. The company’s stock currently has a total float of 513.56M shares. Its weekly volatility is hovering around 5.61% and felt 18.08% volatility in price over a month. On the upside, the share price will test short term resistance at around $14.61. On a downside, the stock is likely to find some support, which begins at $13.75. The failure to get near-term support could push it to $13.3.
It had seen a negative analyst call from Wells Fargo, which downgraded the stock from Outperform to Market Perform on January 16. Analysts at Macquarie, shed their positive views on January 15 by lowering it fromOutperform to Neutral. The stock lost favor of Argus analysts who expressed their lack of confidence in it using a downgrade from Buy to Sell on January 15.
When looking at valuations, PG&E Corporation (PCG) has a pricey P/E of 25.96x as compared to industry average of 16.29x. Moreover, it trades for 3.57 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.38x price/book and 0.43x price/sales. Compared to others, PG&E Corporation is in a different league with regards to profitability, having net margins of 0.8%. To put some perspective around this, the industry’s average net margin is 20.38%. PCG’s ROE is 0.7%, which is also considerably worse than the industry’s ROE of 10.12%. It’s also not liquid in the near term, with a current ratio of 0.7. The stock has a debt/capital of 1.
Shares of PG&E Corporation (PCG) have dropped -70.4% since the company’s last earnings report. Over the past 12 fiscal quarters, PG&E Corporation (NYSE:PCG) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. PCG last reported earnings on November 05, 2018 when it released Sep-18 results that receded expectations. The company raked in $1.13 per share, 253.13% change on the same period last year. That was worse than consensus for $1.13. Revenue for the recent quarter stood at $4.38 billion, down -3% on last year and below the $4.73 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $4.21 billion to $4.37 billion, which should be compared with $3.92 billion generated last year. EPS is seen in a range of $0.57 to $1.22, against the $0.91 reported a year ago.