PG&E Co. (NYSE:PCG) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of PG&E Co. (NYSE:PCG) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,832,997 shares of the utilities provider’s stock after purchasing an additional 110,887 shares during the period. Principal Financial Group Inc.’s holdings in PG&E were worth $57,170,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in 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 during the last quarter. UMB Bank n.a. raised its position in PG&E by 61.5% in 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 period. Blue Trust Inc. raised its position in PG&E by 77.7% in 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 period. Catalyst Capital Advisors LLC raised its position in PG&E by 98.5% in 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 period. Finally, Huntington National Bank raised its position in PG&E by 32.9% in 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 period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PG&E

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of PG&E 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 transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PCG shares. Guggenheim lowered PG&E from a “buy” rating to a “neutral” rating in a research report on Tuesday. Barclays lowered their target price on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. BMO Capital Markets boosted their target price on shares of PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday. Mizuho boosted their target price on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group decreased their price objective on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.23.

PG&E Trading Up 0.3 %

NYSE PCG opened at $15.71 on Friday. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $41.95 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.07 and a beta of 0.99. The firm has a 50-day moving average price of $17.57 and a 200 day moving average price of $19.12.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the company posted $0.47 EPS. Equities research analysts expect that PG&E Co. will post 1.49 EPS for the current year.

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.