J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on PG&E on Monday, setting a price target of $14, which is approximately 13.09% above the present share price of $12.38.
Tonet expects PG&E to post earnings per share (EPS) of -$0.55 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in PG&E, with an average price target of $13.33.
The analysts price targets range from a high of $16 to a low of $10.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $5.47 billion and a net profit of $560 million. The company's market cap is $24.58 billion.
According to TipRanks.com, J.P. Morgan analyst Jeremy Tonet is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.6% and a 55.87% success rate.
Incorporated in 1905, California-based Pacific Gas & Electric Corporation provides natural gas and electricity to customers in northern and central California. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.