Capital Performance Advisors LLP Acquires 1,050 Shares of PG&E Co. (NYSE:PCG)

Capital Performance Advisors LLP lifted its position in shares of PG&E Co. (NYSE:PCG) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,131 shares of the utilities provider’s stock after acquiring an additional 1,050 shares during the quarter. Capital Performance Advisors LLP’s holdings in PG&E were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PCG. Versant Capital Management Inc lifted its holdings 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 period. Commerce Bank lifted its holdings in PG&E by 1.5% during the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider’s stock worth $930,000 after buying an additional 712 shares during the period. Baker Tilly Wealth Management LLC raised its position in shares of PG&E by 4.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock worth $330,000 after acquiring an additional 715 shares in the last quarter. Continuum Advisory LLC raised its position in shares of PG&E by 11.4% in the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 769 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in shares of PG&E by 2.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider’s stock worth $624,000 after acquiring an additional 812 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PCG. UBS Group lowered their price objective 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. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. Mizuho lifted their price objective on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley lowered PG&E from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $16.50 in a research report on Friday. Finally, BMO Capital Markets began coverage on PG&E in a research report on Monday, January 13th. They issued an “outperform” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.05.

PG&E Stock Performance

Shares of PG&E stock opened at $15.30 on Monday. The company has a market cap of $40.00 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The business has a 50 day moving average price of $17.93 and a 200-day moving average price of $19.21. 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 (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a return on equity of 12.51% and a net margin of 11.11%. During the same period in the prior year, the business posted $0.47 earnings per share. Equities analysts anticipate that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at PG&E

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 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 directly owns 1,460,222 shares of the company’s stock, valued at $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.15% of the company’s stock.

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.