In a report released yesterday, Ryan Levine from Citi maintained a Buy rating on PG&E (PCG – Research Report), with a price target of $19.00. The company’s shares closed yesterday at $16.00.
According to TipRanks, Levine is a 3-star analyst with an average return of 3.9% and a 52.83% success rate. Levine covers the Utilities sector, focusing on stocks such as PG&E, Southwest Gas, and Xcel Energy.
In addition to Citi, PG&E also received a Buy from Barclays’s Nicholas Campanella in a report issued on October 17. However, on October 16, J.P. Morgan maintained a Hold rating on PG&E (NYSE: PCG).
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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 $5.29 billion and a net profit of $406 million. In comparison, last year the company earned a revenue of $5.12 billion and had a net profit of $596 million
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PG&E (PCG) Company Description:
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.
Read More on PCG:
- PG&E price target lowered to $18 from $19 at Barclays
- PG&E to pay $45M fine for role in California wildfires, Bloomberg says
- PG&E price target lowered to $19 from $21 at Guggenheim
- PG&E put volume heavy and directionally bearish
- Regulators likely to restrict number of power lines PG&E can bury, WSJ says
