PCG stock: buy or sell?
October 18th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-15||Morgan Stanley||n/a||Equal Weight|
|2019-6-28||Wolfe Research||Outperform||Market Perform|
|2019-2-11||Wells Fargo & Co||n/a||Hold|
|2019-1-9||Bank of America||Buy||Buy|
|2019-1-28||Wolfe Research||Market Perform||Outperform|
|2019-1-25||Royal Bank of Canada||n/a||Sector Perform|
|2019-1-25||Morgan Stanley||n/a||Equal Weight|
PCG stock analysis
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%).
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 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 $18.80Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-15||Morgan Stanley||Raises Target||$17.50||$23.00||31.4%|
|2019-3-19||Morgan Stanley||Set Price Target||n/a||$18.00||-|
|2019-1-9||Bank of America||Lowers Target||$44.00||$22.00||-50%|
|2019-1-7||UBS Group||Raises Target||$26.00||$29.00||11.5%|
|2019-1-25||Royal Bank of Canada||Raises Target||n/a||$16.00||-|
|2019-1-25||Morgan Stanley||Raises Target||$13.00||$17.50||34.6%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|2013||$15,600 M||-||$828 M5.3%||-|
|2014||$17,090 M||9.55%||$1,450 M8.5%||75.12%|
|2015||$16,833 M||-1.50%||$888 M5.3%||-38.76%|
|2016||$17,666 M||4.95%||$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 resultsPacific 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%.
|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 M||6.28%||$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||$4,234 M||4.39%||$-980.00 M-23.1%||-320.22%|
|2018-Q3||$4,381 M||3.47%||$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 ownershipWhen 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:
|Market cap||$4.1 B||$3.2 B||$18.2 B||$66.0 B||$25.3 B|
|Total shares||529.2 M||66.1 M||283.8 M||803.4 M||358.1 M|
|Float shares||527.6 M||65.5 M||281.9 M||800.7 M||325.4 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$7.65 - $8.06|
|Average true range||$0.93|
|50d mov avg||$11.07|
|100d mov avg||$15.40|
|200d mov avg||$16.52|
Pacific Gas & Electric performancePerformance 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:
|PCGPacific Gas & Ele...||-56.38%||-63.05%||-84.11%|
|PORPortland General ...||5.14%||15.05%||25.15%|