Revenue Update on PG&E Corporation(NYSE:PCG)

PG&E Corporation(NYSE:PCG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $4.17B. Analysts estimated a revenue of $4.55B. Earnings per share were $0.66. Analysts had estimated an EPS of $1.00.

In a different note, On Jul 20, 2016, Citigroup said it Maintains its rating on PG&E Corporation. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, RBC Capital said it Upgrades its rating on PG&E Corporation. The shares have been rated ‘Outperform’ by the firm.

PG&E Corporation (PCG) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.06% at a volume of 29,58,798. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.39. The peak price level was also seen at $65.39 while the days lowest was $64.31. Finally the shares closed at $64.51. The 52-week high of the shares is $65.43 while the 52-week low is $47.33. According to the latest information available, the market cap of the company is $32,159 M.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Kent M Harvey (SVP, Finance) sold 17,920 shares at $56.24 per share price.Also, On Mar 8, 2016, Hyun Park (SVP and General Counsel) sold 6,807 shares at $56.35 per share price.On Mar 8, 2016, John R Simon (EVP-CorpSvcs & Human Resources) sold 3,899 shares at $56.34 per share price, according to the Form-4 filing with the securities and exchange commission.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utility’s operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential commercial industrial and agricultural customers. The Utility provides natural gas transportation services to customers which include small commercial and residential customers and to non-core customers which include industrial commercial and natural gas-fired electric generation facilities that are connected to the Utility’s gas system in its service territory.

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