PG&E Corp (PCG) was Downgraded to a Hold Rating at Wells Fargo

By Austin Angelo

Wells Fargo analyst Neil Kalton downgraded PG&E Corp (PCGResearch Report) to Hold today. The company’s shares closed yesterday at $6.91, close to its 52-week low of $5.07.

According to, Kalton is a 4-star analyst with an average return of 4.0% and a 63.1% success rate. Kalton covers the Utilities sector, focusing on stocks such as Edison International, Pattern Energy, and DTE Energy.

Currently, the analyst consensus on PG&E Corp is a Hold with an average price target of $17.57, representing a 154.3% upside. In a report issued on January 14, J.P. Morgan also downgraded the stock to Hold with a $22 price target.

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The company has a one-year high of $49.42 and a one-year low of $5.07. Currently, PG&E Corp has an average volume of 18.01M.

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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.