Empowered Funds LLC Purchases 4,853 Shares of PG&E Co. (NYSE:PCG)

Empowered Funds LLC raised its position in shares of PG&E Co. (NYSE:PCG) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,335 shares of the utilities provider’s stock after acquiring an additional 4,853 shares during the period. Empowered Funds LLC’s holdings in PG&E were worth $814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of PCG. Versant Capital Management Inc lifted its position 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 worth $31,000 after buying an additional 626 shares during the last quarter. UMB Bank n.a. raised its stake in shares of 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 acquiring an additional 1,506 shares during the period. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 1,834 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of PG&E by 98.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 2,154 shares during the period. Finally, Huntington National Bank grew its holdings 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 purchasing an additional 1,195 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Stock Down 3.5 %

PCG stock opened at $15.30 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.02. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The stock has a market capitalization of $40.00 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The firm has a 50 day moving average of $17.83 and a 200 day moving average of $19.18.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The firm had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the business posted $0.47 earnings per share. Sell-side analysts forecast that PG&E Co. will post 1.36 earnings per share for the current year.

Insider Activity at PG&E

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction that occurred on 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 approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

PCG has been the topic of several research analyst reports. Mizuho upped their price objective on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Barclays cut their price target on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. 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 report on Thursday, January 30th. BMO Capital Markets began coverage on shares of PG&E in a research report on Monday, January 13th. They set an “outperform” rating and a $21.00 target price on the stock. Finally, Morgan Stanley lowered PG&E from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $20.00 to $16.50 in a report on Friday. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.05.

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.