Apollon Wealth Management LLC Buys 923 Shares of PG&E Co. (NYSE:PCG)

Apollon Wealth Management LLC increased its position in PG&E Co. (NYSE:PCG) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,168 shares of the utilities provider’s stock after purchasing an additional 923 shares during the period. Apollon Wealth Management LLC’s holdings in PG&E were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc raised its holdings in PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 626 shares during the last quarter. UMB Bank n.a. boosted its position in shares of 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 buying an additional 1,506 shares during the last quarter. Blue Trust Inc. increased its holdings in PG&E by 77.7% in the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock worth $83,000 after buying an additional 1,834 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in PG&E by 98.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after buying an additional 2,154 shares during the last quarter. Finally, Huntington National Bank lifted its stake in PG&E by 32.9% during the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 1,195 shares during the period. 78.56% of the stock is currently owned by institutional investors.

PG&E Trading Down 3.5 %

PG&E stock opened at $15.30 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. The firm’s 50 day moving average price is $17.93 and its 200-day moving average price is $19.20. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The stock has a market cap of $40.00 billion, a P/E ratio of 11.95, a PEG ratio of 1.09 and a beta of 0.99.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, equities analysts predict that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction dated 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. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays cut their price objective on PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Morgan Stanley downgraded PG&E from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $20.00 to $16.50 in a research note on Friday. UBS Group cut their target price on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Mizuho increased their price target on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets initiated coverage on shares of PG&E in a research report on Monday, January 13th. They set an “outperform” rating and a $21.00 price objective for the company. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and an average target price of $22.05.

PG&E 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.