In a report released yesterday, Neil Kalton from Wells Fargo maintained a Hold rating on PG&E Corp (NYSE: PCG). The company’s shares closed on Friday at $41.45, close to its 52-week low of $37.30.
According to TipRanks.com, Kalton is a 3-star analyst with an average return of 7.1% and a 57.1% success rate. Kalton covers the Utilities sector, focusing on stocks such as American States Water Company, Alliant Energy Corp, and Eversource Energy.
Currently, the analyst consensus on PG&E Corp is Moderate Buy and the average price target is $50.20, representing a 21.1% upside.
In a report issued on May 29, Merrill Lynch also reiterated a Hold rating on the stock with a $46 price target.
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The company has a one-year high of $71.57 and a one-year low of $37.30. Currently, PG&E Corp has an average volume of 4.18M.
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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.
