Market Update: PG&E Corporation (NYSE:PCG) – Lawsuit for Long-Term Investors in PG&E Corporation (NYSE:PCG) Shares Announced by Shareholders Foundation

[GlobeNewswire] – SAN DIEGO, Jan. 26, 2016– The Shareholders Foundation, Inc. announces that a lawsuit filed by a current investor in PG&E Corporation is pending against directors of PG&E in connection with 2010 explosion … Read more on this. PG&E Corporation (PCG) , with a current value of $25.47B, started trading this morning at $52.12. Looking at the stock, its one day range is $51.93 to $52.81 and has traded between $47.33 and $60.21 over the past year. PCG shares are currently priced at 17.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 2.95x forward p/e ratio. And for passive income investors, the company pays shareholders $1.82 per share annually in dividends, yielding 3.48%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.44 per share, which would be $0.09 worse than the year-ago quarter and a $0.14 sequential increase. Investors should also note that the full-year EPS estimate of $3.05 is a $0.45 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.43 Billion. If realized, that would be a 2.78% increase over the year-ago quarter. Recently, Citigroup Initiated PCG at Neutral (Nov 17, 2015). Previously, Credit Suisse downgraded PCG from Outperform to Neutral. Investors should keep in mind is that the average price target is $57.82, which is 10.94% above where the stock opened this morning. See more in (NYSE:PCG) Similar Articles: Stock Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation CFO Kent Harvey Announces Retirement Planned for 2016 Stock Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Completes Planned Market Equity Issuances for 2015 Market Update: PG&E Corporation (NYSE:PCG) – PG&E Corporation Releases Second-Quarter Financial Results
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.