Savant Capital LLC Grows Position in PG&E Co. (NYSE:PCG)

Savant Capital LLC grew its stake in shares of PG&E Co. (NYSE:PCG) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,113 shares of the utilities provider’s stock after buying an additional 1,739 shares during the period. Savant Capital LLC’s holdings in PG&E were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. FMR LLC increased its position in PG&E by 5.1% during the third quarter. FMR LLC now owns 176,839,426 shares of the utilities provider’s stock worth $3,496,115,000 after buying an additional 8,604,396 shares in the last quarter. State Street Corp grew its position in shares of PG&E by 5.0% in the third quarter. State Street Corp now owns 108,953,808 shares of the utilities provider’s stock valued at $2,155,093,000 after purchasing an additional 5,191,463 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of PG&E by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 104,846,953 shares of the utilities provider’s stock valued at $2,072,824,000 after purchasing an additional 2,936,763 shares during the period. Geode Capital Management LLC grew its position in shares of PG&E by 1.1% in the third quarter. Geode Capital Management LLC now owns 49,837,059 shares of the utilities provider’s stock valued at $981,960,000 after purchasing an additional 536,914 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of PG&E by 6.4% in the third quarter. Wellington Management Group LLP now owns 30,255,039 shares of the utilities provider’s stock valued at $598,142,000 after purchasing an additional 1,822,835 shares during the period. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insiders Place Their Bets

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction 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. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PCG shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. BMO Capital Markets started coverage on PG&E in a research report on Monday, January 13th. They issued an “outperform” rating and a $21.00 price objective for the company. Morgan Stanley downgraded PG&E from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $20.00 to $16.50 in a research report on Friday. Barclays lowered their price objective on PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Mizuho lifted their target price on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.05.

PG&E Price Performance

Shares of PG&E stock opened at $15.30 on Monday. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The stock has a market capitalization of $40.00 billion, a P/E ratio of 11.95, a PEG ratio of 1.09 and a beta of 0.99. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02. The business’s fifty day moving average price is $17.93 and its 200 day moving average price is $19.21.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $7.29 billion. PG&E had a return on equity of 12.51% and a net margin of 11.11%. During the same quarter in the previous year, the firm posted $0.47 earnings per share. As a group, research analysts anticipate that PG&E Co. will post 1.36 earnings per share for the current year.

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.