Wells Fargo Upgrades PG&E Corp (PCG) to Buy


PG&E Corp (PCG) received a Buy rating from Wells Fargo analyst Neil Kalton yesterday. The company’s shares closed on Friday at $25.79.

According to TipRanks.com, Kalton is a 4-star analyst with an average return of 7.8% and a 72.6% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, NextEra Energy Inc, and Pattern Energy.

PG&E Corp has an analyst consensus of Moderate Buy, with a price target consensus of $38.75.

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PG&E Corp’s market cap is currently $13.34B and has a P/E ratio of 98.85. The company has a Price to Book ratio of 0.69.

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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.

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