Quaero Capital S.A. Lowers Holdings in PG&E Co. (NYSE:PCG)

Quaero Capital S.A. lessened its stake in PG&E Co. (NYSE:PCG) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,730 shares of the utilities provider’s stock after selling 3,170 shares during the quarter. PG&E accounts for approximately 1.8% of Quaero Capital S.A.’s holdings, making the stock its 27th biggest position. Quaero Capital S.A.’s holdings in PG&E were worth $1,387,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in shares of 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 period. Commerce Bank grew its stake in shares of PG&E by 1.5% during the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 712 shares during the period. Baker Tilly Wealth Management LLC grew its stake in shares of PG&E by 4.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 715 shares during the period. Continuum Advisory LLC lifted its position in shares of PG&E by 11.4% during the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider’s stock valued at $157,000 after buying an additional 769 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of PG&E by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider’s stock valued at $624,000 after buying an additional 812 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

PG&E Trading Down 3.5 %

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 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 capitalization of $40.00 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.09 and a beta of 0.99. The business has a 50 day simple moving average of $17.93 and a two-hundred day simple moving average of $19.19.

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 return on equity of 12.51% and a net margin of 11.11%. During the same quarter in the prior year, the company posted $0.47 earnings per share. Research analysts anticipate that PG&E Co. will post 1.36 EPS for the current fiscal year.

Analyst Ratings Changes

PCG has been the topic of a number of analyst reports. UBS Group lowered their price objective on PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Mizuho lifted their price objective on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Barclays lowered their price objective on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $22.00 price objective on shares of PG&E in a research report on Wednesday. Finally, BMO Capital Markets began coverage on PG&E in a research report on Monday, January 13th. They set an “outperform” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and a consensus target price of $22.05.

Insider Activity

In other news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.