Morgan Stanley analyst Stephen Byrd maintained a Buy rating on PG&E Corp (NYSE: PCG) today and set a price target of $63. The company’s shares closed on Friday at $43.27.
According to TipRanks.com, Byrd is a 2-star analyst with an average return of 0.4% and a 56.6% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Nextera Energy Partners, and NextEra Energy Inc.
PG&E Corp has an analyst consensus of Hold, with a price target consensus of $51.
See today’s analyst top recommended stocks >>
Based on PG&E Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.06 billion and net profit of $445 million. In comparison, last year the company earned revenue of $4.25 billion and had a net profit of $410 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. The company was founded in 1995 and is headquartered in San Francisco, CA.