Trilogy Capital Inc. Takes Position in PG&E Co. (NYSE:PCG)

Trilogy Capital Inc. bought a new stake in shares of PG&E Co. (NYSE:PCG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,161 shares of the utilities provider’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of PG&E by 5.1% during the third quarter. FMR LLC now owns 176,839,426 shares of the utilities provider’s stock valued at $3,496,115,000 after purchasing an additional 8,604,396 shares during the period. State Street Corp raised its holdings in PG&E by 5.0% during the 3rd quarter. State Street Corp now owns 108,953,808 shares of the utilities provider’s stock valued at $2,155,093,000 after buying an additional 5,191,463 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in PG&E by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 104,846,953 shares of the utilities provider’s stock valued at $2,072,824,000 after buying an additional 2,936,763 shares during the period. Geode Capital Management LLC boosted its position in PG&E by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 49,837,059 shares of the utilities provider’s stock valued at $981,960,000 after buying an additional 536,914 shares during the period. Finally, Wellington Management Group LLP grew its holdings in PG&E by 6.4% in the 3rd quarter. Wellington Management Group LLP now owns 30,255,039 shares of the utilities provider’s stock worth $598,142,000 after acquiring an additional 1,822,835 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

PG&E Trading Down 0.9 %

Shares of NYSE PCG opened at $15.60 on Friday. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. The firm has a 50-day moving average of $18.65 and a 200 day moving average of $19.32. The stock has a market cap of $40.79 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99.

PG&E (NYSE:PCG) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that PG&E Co. will post 1.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

PCG has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of PG&E in a report on Monday, October 14th. They set a “buy” rating and a $24.00 target price for the company. UBS Group dropped their price objective on PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Barclays reduced their target price on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Mizuho raised their price target on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, BMO Capital Markets initiated coverage on shares of PG&E in a report on Monday, January 13th. They issued an “outperform” rating and a $21.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.36.

PG&E Company 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.