Wells Fargo Maintains Their Hold Rating on PG&E Corp (PCG)
Wells Fargo analyst Neil Kalton maintained a Hold rating on PG&E Corp (PCG) yesterday. The company’s shares closed last Monday at $11.18, close to its 52-week low of $5.07.
According to TipRanks.com, Kalton is a 4-star analyst with an average return of 7.4% and a 66.2% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, NextEra Energy Inc, and WEC Energy Group.
PG&E Corp has an analyst consensus of Hold, with a price target consensus of $15.80.
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Based on PG&E Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.94 billion and GAAP net loss of $2.55 billion. In comparison, last year the company earned revenue of $4.23 billion and had a GAAP net loss of $980 million.
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Pacific Gas & Electric Co. engages in the provision of natural gas and electric services. It owns and operates an integrated natural gas transportation, storage, and distribution system in California and also offers backbone gas transmission, gas delivery, and gas storage services as separate and distinct services.