Sierra Ocean LLC Takes $111,000 Position in PG&E Co. (NYSE:PCG)

Sierra Ocean LLC acquired a new position in PG&E Co. (NYSE:PCG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,503 shares of the utilities provider’s stock, valued at approximately $111,000.

A number of other large investors have also modified their holdings of PCG. Versant Capital Management Inc grew its position in PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 626 shares during the last quarter. UMB Bank n.a. boosted its position in shares of PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,506 shares during the period. Blue Trust Inc. grew its holdings in PG&E by 77.7% in the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock worth $83,000 after buying an additional 1,834 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in PG&E by 98.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after buying an additional 2,154 shares in the last quarter. Finally, Huntington National Bank increased its position in 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 acquiring an additional 1,195 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

Insider Buying and Selling at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of the business’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 transaction of $1,147,766.30. Following the sale, the chief executive officer now owns 1,460,222 shares in the company, valued at $30,168,186.52. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

PG&E Trading Down 3.5 %

PG&E stock opened at $15.30 on Monday. The firm has a market cap of $40.00 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The firm’s 50 day moving average price is $17.93 and its two-hundred day moving average price is $19.21. 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 (NYSE:PCG) last issued its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The business had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the firm posted $0.47 EPS. On average, research analysts predict that PG&E Co. will post 1.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays reduced their price target on PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Mizuho upped their price objective 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. BMO Capital Markets initiated coverage on shares of PG&E in a research note on Monday, January 13th. They set an “outperform” rating and a $21.00 target price on the stock. UBS Group reduced their price target on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $22.00 price objective on shares of PG&E in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, PG&E has an average rating of “Moderate Buy” and an average price target of $22.05.

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.