New York State Teachers Retirement System boosted its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,974,070 shares of the utilities provider's stock after acquiring an additional 148,860 shares during the quarter. New York State Teachers Retirement System owned 0.08% of PG&E worth $39,837,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in PG&E by 5.1% in the third quarter. FMR LLC now owns 176,839,426 shares of the utilities provider's stock worth $3,496,115,000 after purchasing an additional 8,604,396 shares during the last quarter. State Street Corp lifted its holdings in PG&E by 5.0% during the third quarter. State Street Corp now owns 108,953,808 shares of the utilities provider's stock valued at $2,155,093,000 after purchasing an additional 5,191,463 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of PG&E by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 104,846,953 shares of the utilities provider's stock worth $2,072,824,000 after buying an additional 2,936,763 shares in the last quarter. Geode Capital Management LLC grew its position in shares of PG&E by 1.1% in the third quarter. Geode Capital Management LLC now owns 49,837,059 shares of the utilities provider's stock valued at $981,960,000 after purchasing an additional 536,914 shares in the last quarter. Finally, Wellington Management Group LLP boosted 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 valued at $598,142,000 after purchasing an additional 1,822,835 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.
Insider Buying and Selling at PG&E
In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at $30,168,186.52. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.15% of the company's stock.
PG&E Price Performance
NYSE:PCG traded up $0.26 during trading hours on Wednesday, reaching $15.68. The company had a trading volume of 24,998,221 shares, compared to its average volume of 28,608,410. The firm has a market capitalization of $41.89 billion, a PE ratio of 13.64, a PEG ratio of 1.07 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The stock has a 50-day moving average of $17.66 and a two-hundred day moving average of $19.14.
PG&E (NYSE:PCG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting analysts' consensus estimates of $0.31. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate 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 business posted $0.47 EPS. Analysts forecast that PG&E Co. will post 1.49 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Guggenheim cut PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. BMO Capital Markets upped their price target on shares of PG&E from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday. UBS Group lowered their target price on PG&E from $24.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho increased their price target on shares of PG&E from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, PG&E currently has a consensus rating of "Moderate Buy" and an average target price of $22.23.
Read Our Latest Analysis on PG&E
PG&E Company Profile
(
Free Report)
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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