Turnure also reduced his year-end 2018 price target on the stock to $76 from $66. PCG is the stock ticker for PG&E. PG&E shares traded near $53 on Monday. The fires, which started more than a week ago, have killed at least 40 people and destroyed at least 5,700 homes and other structures. As of Sunday, roughly 75,000 people were under evacuation orders, down from nearly 100,000 the day before. — CNBC's Jeff Daniels, Christopher Hayes and The Associated Press contributed to this report.