Quaero Capital S.A. Sells 3,170 Shares of PG&E Co. (NYSE:PCG)

Quaero Capital S.A. cut its stake in PG&E Co. (NYSE:PCG) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,730 shares of the utilities provider’s stock after selling 3,170 shares during the quarter. PG&E comprises approximately 1.8% of Quaero Capital S.A.’s holdings, making the stock its 27th largest holding. Quaero Capital S.A.’s holdings in PG&E were worth $1,387,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after buying an additional 626 shares during the last quarter. UMB Bank n.a. increased its stake in PG&E by 61.5% in the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 1,506 shares during the period. Blue Trust Inc. increased its stake in PG&E by 77.7% in the third quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock worth $83,000 after purchasing an additional 1,834 shares during the period. Catalyst Capital Advisors LLC increased its stake in PG&E by 98.5% in the third quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 2,154 shares during the period. Finally, Huntington National Bank increased its stake in PG&E by 32.9% in the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 1,195 shares during the period. 78.56% of the stock is currently owned by institutional investors.

PG&E Price Performance

Shares of PCG stock opened at $15.30 on Friday. PG&E Co. has a 1-year low of $14.99 and a 1-year high of $21.72. The stock’s 50-day moving average is $17.93 and its 200 day moving average is $19.19. The company has a market cap of $40.00 billion, a P/E ratio of 11.95, a PEG ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. PG&E had a return on equity of 12.51% and a net margin of 11.11%. During the same quarter in the prior year, the company earned $0.47 EPS. Research analysts predict that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PCG shares. UBS Group reduced 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. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $22.00 target price on shares of PG&E in a research note on Wednesday. Mizuho increased their target price on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. BMO Capital Markets initiated coverage on PG&E in a research note on Monday, January 13th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, Barclays cut their price target on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.05.

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 dated Monday, December 2nd. The stock was 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 approximately $30,168,186.52. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.

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.