PG&E Co. (NYSE:PCG) Stake Lessened by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund cut its stake in PG&E Co. (NYSE:PCG) by 74.9% in the 4th quarter, HoldingsChannel reports. The fund owned 15,911 shares of the utilities provider’s stock after selling 47,374 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in PG&E were worth $321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in shares of PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 626 shares in the last quarter. UMB Bank n.a. lifted its stake in PG&E by 61.5% during the fourth 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 stake in PG&E by 77.7% during the third 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 stake in PG&E by 98.5% during the third 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 stake in PG&E by 32.9% during the third 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 currently owned by institutional investors.

PG&E Stock Performance

Shares of PCG opened at $15.68 on Thursday. The company has a market capitalization of $41.89 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.07 and a beta of 0.99. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. The company’s fifty day moving average price is $17.66 and its 200 day moving average price is $19.14.

PG&E (NYSE:PCG) last announced its earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same quarter last year, the firm posted $0.47 EPS. As a group, analysts expect that PG&E Co. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on PCG shares. Guggenheim lowered shares of PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. reissued an “overweight” rating and set a $22.00 target price on shares of PG&E in a research note on Wednesday, February 12th. Mizuho increased their target price on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley lowered shares of PG&E from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $16.50 in a research note on Friday, February 14th. Finally, BMO Capital Markets upped their price objective on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and an average target price of $22.23.

Insiders Place Their Bets

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the sale, the chief executive officer now directly owns 1,460,222 shares in the company, valued at $30,168,186.52. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

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.