PG&E Co. (NYSE:PCG) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC reduced its stake in PG&E Co. (NYSE:PCG) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,345 shares of the utilities provider’s stock after selling 1,428 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in PG&E were worth $431,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Summit Trail Advisors LLC acquired a new stake in PG&E during the 4th quarter worth approximately $268,000. Savant Capital LLC lifted its holdings in PG&E by 6.9% during the 4th quarter. Savant Capital LLC now owns 27,113 shares of the utilities provider’s stock worth $547,000 after buying an additional 1,739 shares in the last quarter. Angeles Wealth Management LLC acquired a new stake in PG&E during the 4th quarter worth approximately $376,000. Miller Howard Investments Inc. NY lifted its holdings in PG&E by 74.5% during the 4th quarter. Miller Howard Investments Inc. NY now owns 65,222 shares of the utilities provider’s stock worth $1,316,000 after buying an additional 27,844 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in PG&E by 13.7% during the 4th quarter. Empowered Funds LLC now owns 40,335 shares of the utilities provider’s stock worth $814,000 after buying an additional 4,853 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PG&E

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

PG&E Trading Down 3.5 %

NYSE PCG opened at $15.30 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. The firm’s fifty day moving average price is $17.93 and its 200 day moving average price is $19.19. The company has a market capitalization 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 12 month low of $14.99 and a 12 month high of $21.72.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. PG&E had a net margin of 11.11% and a return on equity of 12.51%. During the same period in the prior year, the business posted $0.47 EPS. On average, sell-side analysts expect that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of PG&E in a report on Monday, January 13th. They set an “outperform” rating and a $21.00 target price on the stock. Morgan Stanley lowered shares of PG&E from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $16.50 in a report on Friday. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $22.00 target price on shares of PG&E in a report on Wednesday. Mizuho raised their price objective on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays reduced their price objective on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, PG&E currently has an average rating of “Moderate Buy” and a consensus price target of $22.05.

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.