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

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Estimates for PG&E Corporation (PCG - Free Report) 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.

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 - Free Report) , FirstEnergy Corporation (FE - Free Report) and Duke Energy Corporation (DUK - Free Report) , 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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