Investors Sell PG&E (PCG) on Strength (PCG)

Investors sold shares of PG&E Co. (NYSE:PCG) on strength during trading on Friday. $40.02 million flowed into the stock on the tick-up and $73.86 million flowed out of the stock on the tick-down, for a money net flow of $33.84 million out of the stock. Of all companies tracked, PG&E had the 19th highest net out-flow for the day. PG&E traded up $0.77 for the day and closed at $44.29

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and set a $70.00 price target on shares of PG&E in a research report on Monday, September 18th. Bank of America started coverage on shares of PG&E in a report on Tuesday, October 24th. They issued a “neutral” rating and a $59.00 price objective for the company. Mizuho downgraded shares of PG&E from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $54.24 to $55.00 in a report on Friday, December 1st. Argus reaffirmed a “hold” rating and issued a $41.61 price objective (down previously from $44.68) on shares of PG&E in a report on Thursday, December 28th. Finally, Goldman Sachs Group downgraded shares of PG&E from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.62.

The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $22,780.00, a P/E ratio of 10.18, a PEG ratio of 2.70 and a beta of 0.14.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.18. The company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.82 billion. PG&E had a return on equity of 11.94% and a net margin of 12.59%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. equities analysts expect that PG&E Co. will post 3.69 earnings per share for the current fiscal year.

In other PG&E news, VP David S. Thomason sold 700 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total value of $39,774.00. Following the sale, the vice president now directly owns 6,657 shares in the company, valued at $378,250.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Blair William & Co. IL lifted its stake in PG&E by 7.4% in the second quarter. Blair William & Co. IL now owns 4,315 shares of the utilities provider’s stock valued at $286,000 after buying an additional 298 shares during the last quarter. Piedmont Investment Advisors LLC lifted its stake in PG&E by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 110,358 shares of the utilities provider’s stock valued at $7,514,000 after buying an additional 1,022 shares during the last quarter. Calamos Advisors LLC lifted its stake in PG&E by 2.7% in the second quarter. Calamos Advisors LLC now owns 64,545 shares of the utilities provider’s stock valued at $4,284,000 after buying an additional 1,673 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in PG&E by 5.4% in the third quarter. Xact Kapitalforvaltning AB now owns 41,992 shares of the utilities provider’s stock valued at $2,859,000 after buying an additional 2,148 shares during the last quarter. Finally, Bank of Stockton bought a new stake in PG&E in the third quarter valued at $224,000. Institutional investors own 81.07% of the company’s stock.

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PG&E Company Profile

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.

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