Jefferies Reiterates a Buy Rating on PG&E Corp

By Ryan Adsit

In a report released today, Anthony Crowdell from Jefferies reiterated a Buy rating on PG&E Corp (NYSE: PCG), with a price target of $71. The company’s shares closed yesterday at $67.54.

According to TipRanks.com, Crowdell is a 4-star analyst with an average return of 6.5% and a 74.6% success rate. Crowdell covers the Utilities sector, focusing on stocks such as Public Service Enterprise, El Paso Electric Company, and American Electric Power.

PG&E Corp has an analyst consensus of Strong Buy, with a price target consensus of $68.75.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2014, Roger Kimmel, a Director at PCG bought 4,090 shares for a total of $145,318.

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 of Pacific Gas and Electric 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.