Ausbil Investment Management Ltd Has $4.80 Million Holdings in PG&E Co. (NYSE:PCG)

Ausbil Investment Management Ltd trimmed its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,233 shares of the utilities provider's stock after selling 106,998 shares during the quarter. PG&E accounts for 2.9% of Ausbil Investment Management Ltd's holdings, making the stock its 14th biggest position. Ausbil Investment Management Ltd's holdings in PG&E were worth $4,799,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Versant Capital Management Inc grew its stake in shares of 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 acquiring an additional 626 shares in the last quarter. Commerce Bank boosted its holdings in shares of PG&E by 1.5% in the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider's stock valued at $930,000 after buying an additional 712 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its holdings 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 valued at $330,000 after buying an additional 715 shares during the last quarter. Continuum Advisory LLC boosted its holdings 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 valued at $157,000 after buying an additional 769 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings 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 valued at $624,000 after buying an additional 812 shares during the last quarter. 78.56% of the stock is owned by institutional investors.

PG&E Price Performance

Shares of NYSE PCG traded up $0.54 during mid-day trading on Wednesday, reaching $15.72. The company had a trading volume of 12,814,829 shares, compared to its average volume of 30,128,303. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The firm has a market cap of $41.10 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.09 and a beta of 0.99. The business's 50-day simple moving average is $18.77 and its 200 day simple moving average is $19.35.

PG&E (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business posted $0.24 earnings per share. The business's revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts predict that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PCG has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on PG&E in a report on Monday, January 13th. They issued an "outperform" rating and a $21.00 price objective for the company. Mizuho increased their price objective on PG&E from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Barclays cut their price target on PG&E from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Jefferies Financial Group began coverage on PG&E in a report on Monday, October 14th. They set a "buy" rating and a $24.00 price target for the company. Finally, UBS Group cut their price target on PG&E from $24.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.36.

Insider Transactions at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the sale, the chief executive officer now directly owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.15% of the company's stock.

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.