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Wednesday, February 1, 2023

Value Investing Philosophy And PG&E Corporation (NYSE: PCG)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for PG&E Corporation (PCG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.25%, to $15.80. The PG&E Corporation has recorded 224,307 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that As Wave of Storms Continues, PG&E Crews Work Through Severe Weather to Restore Power to Northern and Central California.

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Stocks Info

PCG belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $15.76 and fluctuated between $15.95 as its day high and $15.71 as its day low. The current market capitalization of PG&E Corporation is $38.29B. A total of 13.15 million shares were traded on the day, compared to an average of 17.15M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PCG has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 95,000,000 shares. Over the last 12 months, there were 15 BUYs and 26 SELLs from insiders. Insiders purchased 200,336 shares during that period but sold 230,385,046.

In the most recent transaction, PG&E Fire Victim Trust sold 60,000,000 shares of PCG for 15.26 per share on Jan 09. After the transaction, the Former 10% owner now owns 187,743,590 company shares. In a previous transaction on Dec 12, PG&E Fire Victim Trust sold 60,000,000 shares at 15.13 per share. PCG shares that 10% Owner owns now total 247,743,590.

Among the insiders who sold shares, PG&E Fire Victim Trust disposed of 35,000,000 shares on Oct 27 at a per-share price of $14.77. This resulted in the 10% Owner holding 307,743,590 shares of PCG after the transaction. In another insider transaction, PG&E Fire Victim Trust sold 35,000,000 shares at $13.65 per share on Oct 04. Company shares held by the 10% Owner now total 342,743,590.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. PCG’s most recent ex-dividend date was 9/28/2017 when it declared a $0.53 quarterly dividend that was paid in cash on 10/15/2017. Previously, the company paid the dividend on 7/15/2017 with an ex-dividend date of 6/28/2017. The PCG stock dividend was $0.53 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PCG in the last 3 months, the mean price target is $18.27 with high estimates of $20.00 and low estimates of $15.00. In terms of 52-week highs and lows, PCG has a high of $16.49 and a low of $9.64.

As of this writing, PCG has an earnings estimate of $0.32 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.23. The company reported an EPS of $0.25 in the last quarter, which was -10.70% lower than expectations of $0.28.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PCG is Hold with a score of 3.88. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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