First Wilshire Securities Management Inc. Sells 33,918 Shares of PG&E Co. (NYSE:PCG)

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First Wilshire Securities Management Inc. lowered its position in PG&E Co. (NYSE:PCG) by 19.8% in the 2nd quarter, Holdings Channel reports. The firm owned 137,659 shares of the utilities provider’s stock after selling 33,918 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in PG&E were worth $3,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC bought a new stake in PG&E in the second quarter worth about $35,000. Penserra Capital Management LLC purchased a new position in shares of PG&E during the first quarter worth approximately $42,000. Sageworth Trust Co purchased a new position in shares of PG&E during the second quarter worth approximately $42,000. NEXT Financial Group Inc purchased a new position in shares of PG&E during the second quarter worth approximately $43,000. Finally, Liberty Wealth Management LLC increased its position in shares of PG&E by 836.1% during the second quarter. Liberty Wealth Management LLC now owns 2,022 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 1,806 shares during the period. 90.55% of the stock is owned by institutional investors and hedge funds.

PCG has been the topic of a number of research reports. Barclays set a $14.00 target price on shares of PG&E and gave the stock a “hold” rating in a research report on Thursday, August 22nd. UBS Group reduced their target price on shares of PG&E from $24.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Evercore ISI set a $25.00 target price on shares of PG&E and gave the stock a “hold” rating in a research report on Monday, August 12th. Morgan Stanley set a $23.00 target price on shares of PG&E and gave the stock a “hold” rating in a research report on Monday, August 26th. Finally, Citigroup raised shares of PG&E from a “sell” rating to a “neutral” rating and raised their target price for the stock from $4.00 to $12.00 in a research report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. PG&E has an average rating of “Hold” and an average target price of $18.20.

Shares of PCG stock opened at $11.61 on Friday. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 2.89, a PEG ratio of 1.34 and a beta of 0.42. The company’s 50 day moving average is $13.19 and its 200 day moving average is $18.12. The company has a quick ratio of 1.92, a current ratio of 2.03 and a debt-to-equity ratio of 0.20. PG&E Co. has a 52-week low of $5.07 and a 52-week high of $49.42.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Friday, August 9th. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.11. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.30 billion. PG&E had a negative net margin of 53.07% and a positive return on equity of 15.16%. During the same period last year, the company posted $1.16 earnings per share. Analysts anticipate that PG&E Co. will post 3.88 EPS for the current fiscal year.

PG&E Company Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,000 circuit miles of distribution lines, 50 transmission switching substations, and 769 distribution substations; and electricity transmission network comprises approximately 18,000 circuit miles of interconnected transmission lines and 84 electric transmission substations.

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Institutional Ownership by Quarter for PG&E (NYSE:PCG)

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