In a report released yesterday, Neil Kalton from Wells Fargo maintained a Buy rating on PG&E (PCG – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $16.54.
According to TipRanks, Kalton is a 5-star analyst with an average return of 9.8% and a 64.42% success rate. Kalton covers the Utilities sector, focusing on stocks such as Xcel Energy, Constellation Energy Corporation, and CMS Energy.
Currently, the analyst consensus on PG&E is a Strong Buy with an average price target of $23.08, implying a 39.54% upside from current levels. In a report released on January 23, Guggenheim also maintained a Buy rating on the stock with a $22.00 price target.
Based on PG&E’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.94 billion and a net profit of $615 million. In comparison, last year the company earned a revenue of $5.89 billion and had a net profit of $417 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.
