Morgan Stanley Analysts Give PG&E (PCG) a $18.00 Price Target

Evercore ISI lowered PG&E to an outperform rating in a research report on Monday, January 14th.

The utilities provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.14.

Several institutional investors and hedge funds have recently bought and sold shares of the company.

Gallagher Fiduciary Advisors LLC purchased a new position in shares of PG&E in the 1st quarter worth about $394,618,000.

Redwood Capital Management LLC raised its position in shares of PG&E by 234.2% in the 1st quarter.

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States.

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