PCG stock: buy or sell?

PCG stock price: $7.76 -0.89% At close on October 18th, 2019

Updated on:
October 18th, 2019

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Shares of Pacific Gas & Electric declined a bad -0.89% and closed at $7.76. On Oct 10th PCG plunged a chilling -40.95%.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States.

Should I buy PCG stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Pacific Gas & Electric stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PCG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Pacific Gas & Electric stock a buy?

Financial institutions and banks post stock ratings everyday. At Stocks2.com, we gathered 15 ratings published for PCG stock in the last 30 days.

Is PCG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-16CitigroupSellNeutral
2019-8-20UBS Groupn/aNeutral
2019-8-19CitigroupBuySell
2019-7-15Morgan Stanleyn/aEqual Weight
2019-6-28Wolfe ResearchOutperformMarket Perform
2019-3-19Morgan Stanleyn/aHold
2019-2-26ArgusSellHold
2019-2-19CitigroupNeutralBuy
2019-2-11Wells Fargo & Con/aHold
2019-1-9Bank of AmericaBuyBuy
2019-1-8MizuhoNeutralNeutral
2019-1-7UBS GroupNeutralNeutral
2019-1-28Wolfe ResearchMarket PerformOutperform
2019-1-25Royal Bank of Canadan/aSector Perform
2019-1-25Morgan Stanleyn/aEqual Weight

PCG stock analysis

Daily outlook

Shares of Pacific Gas & Electric ended on October/18 at $7.76 and declined a bad -0.89%.

Pacific Gas & Electric shares declined -0.89% to $7.76 on Oct 18th. Since price and SMA100d lines crossed down on July, PCG fell $-12.69 per share (-62.05%).

PCG stock chart (daily)

Weekly outlook

After sliding a frightening -35.54% in a week last week, Pacific Gas & Electric closed this week at $7.76 and dropped a fateful -3.24%. Late September PCG climbed a super good 6.90% in just one week.

Since price and 40-weeks moving average lines crossed down early November, PCG fell $-39.68 per share (-83.64%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

PCG stock chart (weekly)

PCG stock price history

PCG stock historical price chart

PCG stock reached 52-week highs on November at $49.42, and all-time highs 2017-09-11 with a price of 71.01.

PCG stock price target is $18.80

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' PCG stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 11 price predictions for PCG stock:
PCG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-16CitigroupUpgrades$4.00$12.00200%
2019-8-20UBS GroupReiteratesn/a$13.00-
2019-8-19CitigroupDowngrades$33.00$4.00-87.9%
2019-7-15Morgan StanleyRaises Target$17.50$23.0031.4%
2019-3-19Morgan StanleySet Price Targetn/a$18.00-
2019-2-19CitigroupUpgrades$11.00$33.00200%
2019-1-9Bank of AmericaLowers Target$44.00$22.00-50%
2019-1-8MizuhoLowers Target$27.00$19.00-29.6%
2019-1-7UBS GroupRaises Target$26.00$29.0011.5%
2019-1-25Royal Bank of CanadaRaises Targetn/a$16.00-
2019-1-25Morgan StanleyRaises Target$13.00$17.5034.6%
(in average)$21.90$18.80-14.0%
Moving in a range from $33.00 and $4.00, the price prediction for PCG stock is $18.80. In average, analysts' outlook on PCG price forecast is negative, downgrading the forecast by a -14.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Pacific Gas & Electric reported its latest financial data, posting an amazing climb for the Earnings per Share (EPS). Analyst were expecting $0.62 per share, but Pacific Gas & Electric posted $0.80.
PCG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a1.13n/a
2017-Q2-n/a0.79n/a
2017-Q32017-11-020.911.1223.1%
2017-Q42018-02-090.690.63-8.7%
2018-Q12018-05-031.030.91-11.7%
2018-Q22018-07-260.951.1622.1%
2018-Q32018-11-051.121.130.9%
2018-Q42019-02-280.620.829.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a disappointing slide of -2.19% to $16,759.00 million dollars. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) plunged a -50.48% to -40.80%.

PCG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$15,600 M-$828 M5.3%-
2014$17,090 M9.55%$1,450 M8.5%75.12%
2015$16,833 M-1.50%$888 M5.3%-38.76%
2016$17,666 M4.95%$1,407 M8.0%58.45%
2017$17,135 M-3.01%$1,660 M9.7%17.98%
2018$16,759 M-2.19%$-6,837.00 M-40.8%-511.87%

Quarterly financial results

Pacific Gas & Electric posted $4,088.00 million in revenues for 2018-Q4, a -6.69% decline compared to previous quarter. Reported quarter earnings marked $-6,869.00 M with a profit margin of -168.03%. Profit margin plummed a -180.97% compared to previous quarter when profit margin was 12.94%. When comparing turnover to same quarter last year, Pacific Gas & Electric sales marked a tight move and remained constant a -0.29%.
PCG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$4,270 M-$579.00 M13.6%-
2017-Q2$4,250 M-0.47%$410.00 M9.6%-29.19%
2017-Q3$4,517 M6.28%$553.00 M12.2%34.88%
2017-Q4$4,100 M-9.23%$118.00 M2.9%-78.66%
2018-Q1$4,056 M-1.07%$445.00 M11.0%277.12%
2018-Q2$4,234 M4.39%$-980.00 M-23.1%-320.22%
2018-Q3$4,381 M3.47%$567.00 M12.9%-157.86%
2018-Q4$4,088 M-6.69%$-6,869.00 M-168.0%-1,311.46%

Pacific Gas & Electric ownership

When you are planning to buy a stock, it's worth to check its ownership structure.

Pacific Gas & Electric shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.21% of all shares.

Bearish positions for PCG stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related companies:

PCGAVACMSDEIX
Market cap$4.1 B$3.2 B$18.2 B$66.0 B$25.3 B
Total shares529.2 M66.1 M283.8 M803.4 M358.1 M
Float shares527.6 M65.5 M281.9 M800.7 M325.4 M
  - Institutional holdings (%)92.9%78.1%94.5%60.2%89.5%
  - Insider holdings (%)0.2%1.0%0.6%0.3%0.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

PCG summary

Friday, October 18th, 2019
Open$7.91
Close$7.76
Day range$7.65 - $8.06
Previous close$7.83
Session gain-0.89%
Average true range$0.93
50d mov avg$11.07
100d mov avg$15.40
200d mov avg$16.52
Daily patternlt03a
Weekly pattern lt03c

Pacific Gas & Electric performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Pacific Gas & Electric against Avista, CMS Energy, Dominion Energy, , Hawaiian Electric Industries, Portland General Electric, , WEC Energy and Xcel Energy in the following table:
Stock3m6m12m
PCGPacific Gas & Ele...-56.38%-63.05%-84.11%
AVAAvista5.61%16.87%-4.19%
CMSCMS Energy10.59%20.59%29.94%
DDominion Energy8.16%12.27%17.17%
EIX1.31%13.71%4.15%
HEHawaiian Electric...2.89%12.00%29.39%
PORPortland General ...5.14%15.05%25.15%
SRE5.14%16.39%29.24%
WECWEC Energy8.42%23.57%35.71%
XELXcel Energy6.01%18.62%34.00%

Pacific Gas & Electric competitors

We chose a few stocks to conform a list of Pacific Gas & Electric competitors to watch if you are interested in investing in PCG: