Yousif Capital Management LLC Has $6.57 Million Stock Holdings in PG&E Co. (NYSE:PCG)

Yousif Capital Management LLC raised its holdings in PG&E Co. (NYSE:PCG) by 11.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 325,483 shares of the utilities provider’s stock after buying an additional 33,042 shares during the quarter. Yousif Capital Management LLC’s holdings in PG&E were worth $6,568,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its stake in shares of PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 626 shares in the last quarter. Commerce Bank lifted its holdings in PG&E by 1.5% during the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 712 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in PG&E by 4.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock valued at $330,000 after buying an additional 715 shares in the last quarter. Continuum Advisory LLC grew its stake in PG&E by 11.4% during the third quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider’s stock worth $157,000 after buying an additional 769 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of PG&E by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider’s stock worth $624,000 after buying an additional 812 shares in the last quarter. 78.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on PCG shares. Mizuho boosted their target price on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. BMO Capital Markets started coverage on PG&E in a report on Monday, January 13th. They set an “outperform” rating and a $21.00 target price on the stock. Jefferies Financial Group assumed coverage on PG&E in a report on Monday, October 14th. They issued a “buy” rating and a $24.00 price target for the company. UBS Group decreased their price objective on shares of PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Barclays dropped their target price on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

Insider Activity at PG&E

In related news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the completion of the transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is currently owned by corporate insiders.

PG&E Trading Down 0.9 %

Shares of NYSE PCG opened at $15.60 on Friday. PG&E Co. has a fifty-two week low of $14.99 and a fifty-two week high of $21.72. The firm has a market capitalization of $40.79 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.09 and a beta of 0.99. 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 company’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $19.32.

PG&E (NYSE:PCG) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that PG&E Co. will post 1.36 EPS 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.