PG&E Corp (PCG) Gets a Hold Rating from Wells Fargo

By Ryan Adsit

In a report released today, Neil Kalton from Wells Fargo maintained a Hold rating on PG&E Corp (PCGResearch Report). The company’s shares closed on Friday at $14.20.

According to TipRanks.com, Kalton is ranked #1156 out of 5137 analysts.

Currently, the analyst consensus on PG&E Corp is a Hold with an average price target of $12.69, which is a -10.6% downside from current levels. In a report issued on January 29, Morgan Stanley also reiterated a Hold rating on the stock with a $17.50 price target.

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Based on PG&E Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.38 billion and net profit of $567 million. In comparison, last year the company earned revenue of $4.1 billion and had a net profit of $118 million.

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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.