Venturi Wealth Management LLC Has $754,000 Position in PG&E Co. (NYSE:PCG)

Venturi Wealth Management LLC reduced its holdings in PG&E Co. (NYSE:PCG) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,376 shares of the utilities provider’s stock after selling 1,441 shares during the quarter. Venturi Wealth Management LLC’s holdings in PG&E were worth $754,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors 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 fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 626 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of PG&E by 61.5% in the fourth 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 period. Blue Trust Inc. lifted its stake in shares of PG&E by 77.7% in the third 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 period. Catalyst Capital Advisors LLC lifted its stake in shares of PG&E by 98.5% in the third 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 period. Finally, Huntington National Bank lifted its stake in shares of PG&E by 32.9% in the third 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 period. 78.56% of the stock is owned by institutional investors and hedge funds.

PG&E Stock Performance

NYSE PCG opened at $15.68 on Thursday. The firm has a market cap of $41.89 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.07 and a beta of 0.99. The company has a 50 day moving average of $17.66 and a 200-day moving average of $19.14. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. PG&E Co. has a 1-year low of $14.99 and a 1-year high of $21.72.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PCG. BMO Capital Markets increased their target price on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays reduced their target price on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Guggenheim cut shares of PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday. UBS Group reduced their target price 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, Morgan Stanley cut shares of PG&E from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $20.00 to $16.50 in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.23.

Insider Transactions at PG&E

In related news, CEO Patricia K. Poppe sold 55,555 shares of the firm’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 value of $1,147,766.30. Following the completion of the sale, the chief executive officer now owns 1,460,222 shares of the company’s stock, valued at $30,168,186.52. This trade 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 at the SEC website. Company insiders own 0.15% of the company’s stock.

About PG&E

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.