Assenagon Asset Administration S.A. acquired a brand new stake in shares of PG&E Co. (NYSE:PCG – Get Score) throughout the third quarter, in line with its most up-to-date disclosure with the Securities and Trade Fee (SEC). The agency acquired 26,666 shares of the utilities supplier’s inventory, valued at roughly $333,000.
Different hedge funds and different institutional traders have additionally lately modified their holdings of the corporate. Sumitomo Mitsui Belief Holdings Inc. lifted its stake in shares of PG&E by 9.2% within the second quarter. Sumitomo Mitsui Belief Holdings Inc. now owns 4,513,424 shares of the utilities supplier’s inventory value $45,044,000 after shopping for an extra 379,827 shares within the final quarter. Allworth Monetary LP lifted its stake in shares of PG&E by 5.6% within the second quarter. Allworth Monetary LP now owns 132,762 shares of the utilities supplier’s inventory value $1,325,000 after shopping for an extra 6,995 shares within the final quarter. Envestnet Asset Administration Inc. lifted its stake in shares of PG&E by 24.2% within the second quarter. Envestnet Asset Administration Inc. now owns 286,284 shares of the utilities supplier’s inventory value $2,857,000 after shopping for an extra 55,799 shares within the final quarter. Robeco Institutional Asset Administration B.V. acquired a brand new stake in PG&E throughout the second quarter value about $937,000. Lastly, JPMorgan Chase & Co. elevated its place in PG&E by 34.5% throughout the second quarter. JPMorgan Chase & Co. now owns 8,787,417 shares of the utilities supplier’s inventory value $87,698,000 after buying an extra 2,252,715 shares over the last quarter. 83.63% of the inventory is owned by hedge funds and different institutional traders.
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Analyst Upgrades and Downgrades
A number of equities analysis analysts lately issued stories on PCG shares. Wells Fargo & Firm raised their value goal on shares of PG&E to $20.00 in a analysis report on Wednesday, December 14th. Citigroup raised their value goal on shares of PG&E from $14.00 to $19.00 in a analysis report on Friday, October twenty eighth. StockNews.com began protection on shares of PG&E in a analysis report on Wednesday, October twelfth. They set a “maintain” score for the corporate. Morgan Stanley raised their value goal on shares of PG&E from $12.50 to $14.00 and gave the inventory an “equal weight” score in a analysis report on Friday, November eleventh. Lastly, Credit score Suisse Group raised their value goal on shares of PG&E from $16.00 to $17.00 and gave the inventory an “outperform” score in a analysis report on Friday, October twenty eighth. 5 analysts have rated the inventory with a maintain score and 5 have issued a purchase score to the corporate’s inventory. Based mostly on information from MarketBeat, PG&E presently has a median score of “Average Purchase” and a consensus goal value of $17.44.
Insiders Place Their Bets
In different PG&E information, main shareholder Pg&E Fireplace Sufferer Belief offered 60,000,000 shares of the inventory in a transaction that occurred on Monday, January ninth. The shares had been offered at a median value of $15.26, for a complete transaction of $915,600,000.00. Following the sale, the insider now immediately owns 187,743,590 shares within the firm, valued at roughly $2,864,967,183.40. The transaction was disclosed in a doc filed with the SEC, which is offered by this hyperlink. 0.06% of the inventory is owned by firm insiders.
PG&E Inventory Efficiency
NYSE:PCG opened at $15.87 on Wednesday. The corporate has a debt-to-equity ratio of two.13, a fast ratio of 0.82 and a present ratio of 0.87. The inventory has a market capitalization of $39.13 billion, a P/E ratio of 19.35, a PEG ratio of 5.08 and a beta of 1.10. The corporate has a 50 day shifting common value of $15.61 and a 200 day shifting common value of $13.64. PG&E Co. has a fifty-two week low of $9.64 and a fifty-two week excessive of $16.49.
PG&E (NYSE:PCG – Get Score) final posted its quarterly earnings information on Thursday, October twenty seventh. The utilities supplier reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The agency had income of $5.39 billion throughout the quarter, in comparison with analysts’ expectations of $5.95 billion. PG&E had a internet margin of 8.21% and a return on fairness of 10.92%. Equities analysis analysts forecast that PG&E Co. will submit 1.11 EPS for the present yr.
PG&E Firm Profile
PG&E Corp. is a holding firm, which engages in technology, transmission, and distribution of electrical energy and pure fuel to clients. It focuses on vitality, utility, energy, fuel, electrical energy, photo voltaic and sustainability. The corporate was based in 1995 and is headquartered in San Francisco, CA.
Featured Tales
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This on the spot information alert was generated by narrative science know-how and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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