By otakuyassine3@gmail.com 
U.S. Capital Wealth Advisors LLC cut its stake in PG&E Co. (NYSE:PCG – Free Report) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,119 shares of the utilities provider’s stock after selling 13,066 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in PG&E were worth $991,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in PCG. Versant Capital Management Inc grew its stake in PG&E by 68.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after buying an additional 626 shares during the last quarter. UMB Bank n.a. grew its stake in PG&E by 61.5% during the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,506 shares during the last quarter. Blue Trust Inc. grew its stake in PG&E by 77.7% during the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock worth $83,000 after buying an additional 1,834 shares during the last quarter. Catalyst Capital Advisors LLC grew its stake in PG&E by 98.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after buying an additional 2,154 shares during the last quarter. Finally, Huntington National Bank grew its stake in PG&E by 32.9% during the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock worth $96,000 after buying an additional 1,195 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PCG has been the topic of several research analyst reports. Mizuho boosted their target price on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays lowered their price target on PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. UBS Group lowered their price target on PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Jefferies Financial Group started coverage on PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 price target for the company. Finally, BMO Capital Markets started coverage on PG&E in a research report on Monday, January 13th. They set an “outperform” rating and a $21.00 price target for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.36.
Check Out Our Latest Report on PCG
Insider Buying and Selling
In related news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.66, for a total value of $1,147,766.30. Following the completion of the transaction, the chief executive officer now owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by insiders.
PG&E Stock Performance
Shares of PCG stock opened at $15.21 on Wednesday. The stock has a market cap of $39.77 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The business has a 50-day simple moving average of $18.77 and a 200-day simple moving average of $19.35. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.02. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72.
PG&E (NYSE:PCG – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. PG&E had a return on equity of 12.51% and a net margin of 11.11%. PG&E’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities analysts expect that PG&E Co. will post 1.36 EPS for the current year.
PG&E Profile
PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.
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