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4 Reasons Why You Should Invest in PG&E Corp. (PCG) Right Now

Estimates for PG&E CorporationPCG have been revised upward in the past 60 days, reflecting analysts' optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings has moved 0.8% and 0.3% upward, respectively.

The company is involved in the business of electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation and storage.

Pacific Gas & Electric Co. Price and Consensus

Pacific Gas & Electric Co. Price and Consensus | Pacific Gas & Electric Co. Quote

Let's focus on the factors that make PG&E Corp. a profitable bet at the moment.

Zacks Rank & Surprise History

PG&E Corp. currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

The company delivered average positive earnings surprise of 0.66% in the past four quarters.

VGM Score

The stock has an impressive VGM Score of A. Here V stands for Value, G for Growth and M for Momentum, with the score being a weighted combination of all the three factors. Back-tested results show that stocks with a favorable VGM Score of A or B coupled with a solid Zacks Rank offer the best investment options.

Growth Projections

The Zacks Consensus Estimate for 2018 and 2019 earnings per share is pegged at $3.83 and $3.99, reflecting year-over-year improvement of 4.08% and 4.39% respectively. Its estimated long-term earnings growth rate is pegged at 3.50%.

Strong Portfolio

PG&E Corp. has a solid portfolio of regulated utility assets that offer a stable earnings base and substantial long-term growth potential. The company strives to optimize generation margins by improving the cost structure, performance and reliability of its nuclear and fossil fuel-fired units. The company's stable cash generating capacity, investments in infrastructure projects and steady growth in customer count are expected to drive future growth.

Other Key Picks

Other top-ranked stocks from the same industry include Ameren Corporation AEE , FirstEnergy Corporation FE and Duke Energy Corporation DUK , each carrying a Zacks Rank #2.

The Zacks Consensus Estimate for Ameren's 2018 earnings has moved up 3.7% in the past 90 days. The company came up with a positive earnings surprise of 17.19% in the last reported quarter.

The Zacks Consensus Estimate for FirstEnergy's 2018 earnings has been revised 3.7% upward in the past 90 days. The company delivered a positive earnings surprise of 9.59% in the last reported quarter.

The Zacks Consensus Estimate for Duke Energy's 2018 earnings has inched up 0.4% in the past 90 days. The company came up with a positive earnings surprise of 7.84% in the last reported quarter.

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Duke Energy Corporation (DUK): Free Stock Analysis Report

FirstEnergy Corporation (FE): Free Stock Analysis Report

Ameren Corporation (AEE): Free Stock Analysis Report

Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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