New York State Teachers Retirement System Purchases 148,860 Shares of PG&E Co. (NYSE:PCG)

New York State Teachers Retirement System boosted its position in shares of PG&E Co. (NYSE:PCG) by 8.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,974,070 shares of the utilities provider’s stock after purchasing an additional 148,860 shares during the period. New York State Teachers Retirement System owned about 0.08% of PG&E worth $39,837,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PCG. Versant Capital Management Inc lifted its holdings in PG&E by 68.3% during the 4th 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 holdings in PG&E by 61.5% during the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,506 shares during the last quarter. Blue Trust Inc. lifted its holdings in PG&E by 77.7% during the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,834 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in PG&E by 98.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 2,154 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in PG&E by 32.9% during the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,195 shares during the last quarter. 78.56% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on PCG shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $22.00 target price on shares of PG&E in a research note on Wednesday. BMO Capital Markets started coverage on shares of PG&E in a research note on Monday, January 13th. They issued an “outperform” rating and a $21.00 target price for the company. Barclays dropped 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. UBS Group dropped 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 downgraded shares of PG&E from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $20.00 to $16.50 in a research note on Friday. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.05.

Insider Activity at PG&E

In related 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 completion of the transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

PG&E Trading Down 3.5 %

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 company 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. The firm has a 50 day simple moving average of $17.93 and a 200 day simple moving average of $19.19. PG&E Co. has a fifty-two week low of $14.99 and a fifty-two week high of $21.72.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (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 quarter in the previous year, the company earned $0.47 earnings per share. On average, sell-side analysts anticipate that PG&E Co. will post 1.36 earnings per share for the current year.

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.