Last Updated: 17 Sep 2024
Executive Summary
PG&E Corp (PCG) is a major utility company with a market capitalization of $52.33 billion. The company has a strong financial profile with a trailing P/E ratio of 16.96 and a forward P/E ratio of 13.51. PG&E Corp is also a dividend-paying stock with a yield of 0.002%. The company's stock price has been trading within a range of $14.68 to $20.64 over the past 52 weeks.
Company Overview
PG&E Corp is a public utility holding company that provides electricity and natural gas to customers in northern and central California. The company's subsidiaries include Pacific Gas and Electric Company (PG&E), which is the largest electric utility in California, and San Jose Gas Company, which is the largest natural gas utility in California. PG&E Corp has a long history of providing reliable and affordable energy to its customers.
Fundamental Analysis
PG&E Corp has a strong financial profile. The company's revenue has grown at a CAGR of 3.5% over the past five years. The company's net income has also grown at a CAGR of 3.5% over the past five years. PG&E Corp has a strong balance sheet with a debt-to-equity ratio of 0.65. The company also has a strong cash flow from operations.
Technical Analysis
The technical analysis of PG&E Corp's stock price shows that the stock is currently trading within a range of $14.68 to $20.64. The stock's 50-day moving average is $18.61 and its 200-day moving average is $17.59. The stock's relative strength index (RSI) is 52.84, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for PG&E Corp's stock is positive. The stock is currently trading above its 50-day and 200-day moving averages. The stock's RSI is also above 50, which indicates that the stock is in a bullish trend.
Long Term Outlook
The long-term outlook for PG&E Corp's stock is also positive. The company has a strong financial profile and a long history of providing reliable and affordable energy to its customers. The company is also well-positioned to benefit from the growing demand for electricity and natural gas in California.
Analyst Recommendations
The majority of analysts who cover PG&E Corp have a buy rating on the stock. The average analyst target price for the stock is $22.13.
