Summit Trail Advisors LLC Makes New $268,000 Investment in PG&E Co. (NYSE:PCG)

Summit Trail Advisors LLC acquired a new stake in shares of PG&E Co. (NYSE:PCG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 13,247 shares of the utilities provider’s stock, valued at approximately $268,000.

Several other large investors have also made changes to their positions in PCG. Savant Capital LLC boosted its holdings in PG&E by 6.9% in the fourth quarter. Savant Capital LLC now owns 27,113 shares of the utilities provider’s stock valued at $547,000 after purchasing an additional 1,739 shares during the last quarter. Angeles Wealth Management LLC purchased a new position in shares of PG&E during the 4th quarter valued at about $376,000. Miller Howard Investments Inc. NY lifted its holdings in shares of PG&E by 74.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 65,222 shares of the utilities provider’s stock valued at $1,316,000 after buying an additional 27,844 shares during the period. Empowered Funds LLC boosted its stake in shares of PG&E by 13.7% in the fourth quarter. Empowered Funds LLC now owns 40,335 shares of the utilities provider’s stock worth $814,000 after buying an additional 4,853 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in PG&E by 9.0% during the fourth quarter. Apollon Wealth Management LLC now owns 11,168 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 923 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Price Performance

NYSE:PCG opened at $16.02 on Thursday. The firm has a market cap of $41.90 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The stock has a 50 day moving average of $18.21 and a two-hundred day moving average of $19.26. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02.

Insider Buying and Selling

In related 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 transaction of $1,147,766.30. Following the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on PCG. Barclays lowered their price objective on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. BMO Capital Markets started coverage on shares of PG&E in a report on Monday, January 13th. They set an “outperform” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of PG&E in a report on Wednesday. Mizuho increased their target price on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group cut their price target on PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PG&E currently has a consensus rating of “Moderate Buy” and an average price target of $22.36.

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.