State of Wyoming Raises Stock Holdings in PG&E Co. (NYSE:PCG)

State of Wyoming lifted its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 241.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,740 shares of the utilities provider's stock after buying an additional 16,082 shares during the period. State of Wyoming's holdings in PG&E were worth $459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCG. Colonial Trust Co SC grew its position in PG&E by 563.0% during the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after acquiring an additional 1,627 shares during the last quarter. UMB Bank n.a. grew its position in PG&E by 61.5% during the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock worth $80,000 after acquiring an additional 1,506 shares during the last quarter. Optiver Holding B.V. grew its position in PG&E by 23.9% during the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after acquiring an additional 825 shares during the last quarter. First Horizon Advisors Inc. grew its position in PG&E by 746.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock worth $110,000 after acquiring an additional 4,819 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in PG&E during the 4th quarter worth $111,000. Institutional investors own 78.56% of the company's stock.

Wall Street Analysts Forecast Growth

PCG has been the topic of several research analyst reports. JPMorgan Chase & Co. restated an "overweight" rating and set a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. Guggenheim upped their target price on PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Jefferies Financial Group upped their target price on PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Barclays cut their target price on PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, BMO Capital Markets dropped their price target on PG&E from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.75.

Insider Transactions at PG&E

In other news, EVP Carla J. Peterman sold 32,519 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total value of $562,578.70. Following the completion of the sale, the executive vice president now directly owns 151,116 shares of the company's stock, valued at $2,614,306.80. This represents a 17.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company's stock.

PG&E Stock Down 1.9%

PCG stock traded down $0.33 during trading on Thursday, reaching $17.07. 16,312,135 shares of the stock were exchanged, compared to its average volume of 16,448,350. The firm's 50 day moving average is $17.07 and its 200 day moving average is $17.87. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The firm has a market cap of $45.67 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63.

PG&E (NYSE:PCG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $6.23 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. As a group, research analysts forecast that PG&E Co. will post 1.49 EPS for the current year.

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.