PG&E Co. (NYSE:PCG) Shares Purchased by Bokf Na

Bokf Na raised its position in PG&E Co. (NYSE:PCG) by 4,189.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,501 shares of the utilities provider’s stock after buying an additional 17,093 shares during the period. Bokf Na’s holdings in PG&E were worth $306,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of PG&E in the fourth quarter worth approximately $231,000. Dimensional Fund Advisors LP grew its holdings in shares of PG&E by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,940,763 shares of the utilities provider’s stock worth $107,114,000 after buying an additional 516,139 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of PG&E by 12.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,183 shares of the utilities provider’s stock valued at $238,000 after buying an additional 1,490 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of PG&E by 3.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 59,788 shares of the utilities provider’s stock worth $1,078,000 after buying an additional 1,838 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in PG&E by 46.0% during the fourth quarter. Quadrant Capital Group LLC now owns 7,584 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 2,391 shares during the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PG&E

In other news, VP Stephanie N. Williams sold 38,601 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.32, for a total transaction of $707,170.32. Following the completion of the transaction, the vice president now directly owns 19,114 shares of the company’s stock, valued at $350,168.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.15% of the stock is owned by corporate insiders.

PG&E Trading Up 1.2 %

NYSE PCG opened at $20.01 on Tuesday. PG&E Co. has a one year low of $14.71 and a one year high of $20.65. The firm has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $17.79. The firm has a market cap of $52.32 billion, a price-to-earnings ratio of 17.86 and a beta of 1.01. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.86 and a current ratio of 0.90.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. PG&E had a return on equity of 11.76% and a net margin of 10.22%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Equities research analysts anticipate that PG&E Co. will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on PCG. Bank of America assumed coverage on shares of PG&E in a research note on Thursday, September 12th. They issued a “buy” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. raised PG&E from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $22.00 in a research note on Monday, June 10th. UBS Group boosted their price target on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company lifted their target price on shares of PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Morgan Stanley lifted their price target on shares of PG&E from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.45.

PG&E Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.