WINTON GROUP Ltd decreased its holdings in shares of PG&E Co. (NYSE:PCG) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,913 shares of the utilities provider’s stock after selling 27,282 shares during the quarter. WINTON GROUP Ltd’s holdings in PG&E were worth $1,744,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. FDx Advisors Inc. increased its stake in shares of PG&E by 44.7% in the third quarter. FDx Advisors Inc. now owns 16,540 shares of the utilities provider’s stock valued at $1,126,000 after buying an additional 5,106 shares during the period. Toronto Dominion Bank increased its stake in shares of PG&E by 12.4% in the third quarter. Toronto Dominion Bank now owns 194,839 shares of the utilities provider’s stock valued at $13,265,000 after buying an additional 21,509 shares during the period. Rhumbline Advisers increased its stake in shares of PG&E by 1.8% in the third quarter. Rhumbline Advisers now owns 888,849 shares of the utilities provider’s stock valued at $60,522,000 after buying an additional 15,488 shares during the period. Bank of Stockton acquired a new position in shares of PG&E in the third quarter valued at approximately $224,000. Finally, Ameriprise Financial Inc. increased its stake in shares of PG&E by 12.2% in the third quarter. Ameriprise Financial Inc. now owns 3,354,563 shares of the utilities provider’s stock valued at $228,434,000 after buying an additional 365,937 shares during the period. 80.37% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of PG&E in a research note on Monday, December 18th. ValuEngine downgraded PG&E from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. UBS Group assumed coverage on PG&E in a research note on Friday, February 2nd. They issued a “neutral” rating and a $48.00 price objective for the company. Argus reaffirmed a “hold” rating and issued a $41.61 price objective (down previously from $44.68) on shares of PG&E in a research note on Thursday, December 28th. Finally, Royal Bank of Canada downgraded PG&E from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. PG&E currently has a consensus rating of “Hold” and an average price target of $57.71.
Shares of PG&E Co. (PCG) opened at $42.03 on Friday. PG&E Co. has a twelve month low of $37.30 and a twelve month high of $71.57. The company has a market capitalization of $21,489.66, a P/E ratio of 11.37, a P/E/G ratio of 2.65 and a beta of 0.07. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.91.
PG&E (NYSE:PCG) last announced its earnings results on Friday, February 9th. The utilities provider reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.06). PG&E had a net margin of 9.69% and a return on equity of 9.93%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the company earned $1.33 earnings per share. equities analysts predict that PG&E Co. will post 3.81 EPS for the current fiscal year.
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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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