New York State Common Retirement Fund Sells 89,411 Shares of PG&E Co. (NYSE:PCG)

New York State Common Retirement Fund lessened its stake in PG&E Co. (NYSE:PCG) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,844,870 shares of the utilities provider’s stock after selling 89,411 shares during the period. New York State Common Retirement Fund owned about 0.07% of PG&E worth $37,229,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in shares of PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after buying an additional 626 shares during the last quarter. UMB Bank n.a. grew its position in shares of PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,506 shares during the last quarter. Blue Trust Inc. grew its position in shares of PG&E by 77.7% in the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after buying an additional 1,834 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in shares of PG&E by 98.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after buying an additional 2,154 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of PG&E by 32.9% in the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after buying an additional 1,195 shares during the last quarter. Institutional investors own 78.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley lowered PG&E from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $20.00 to $16.50 in a research report on Friday, February 14th. BMO Capital Markets upped their target price on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group cut their target price on PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Barclays cut their target price on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.23.

Insider Transactions at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of the 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

PG&E Stock Up 0.3 %

Shares of NYSE:PCG opened at $15.71 on Friday. The business’s 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $19.12. The firm has a market cap of $41.95 billion, a P/E ratio of 13.66, a PEG ratio of 1.07 and a beta of 0.99. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72.

PG&E (NYSE:PCG) last announced its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same quarter in the prior year, the company earned $0.47 earnings per share. As a group, research analysts forecast that PG&E Co. will post 1.49 EPS for the current fiscal year.

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.