PG&E Co. (PCG) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX trimmed its holdings in PG&E Co. (NYSE:PCG) by 12.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 81,541 shares of the utilities provider’s stock after selling 12,108 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in PG&E were worth $3,655,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PCG. Pinebridge Investments L.P. bought a new position in shares of PG&E in the second quarter valued at about $812,000. Cibc World Markets Corp raised its holdings in shares of PG&E by 86.7% in the second quarter. Cibc World Markets Corp now owns 543,152 shares of the utilities provider’s stock valued at $36,049,000 after buying an additional 252,198 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of PG&E by 65.9% in the second quarter. Tudor Investment Corp ET AL now owns 38,078 shares of the utilities provider’s stock valued at $2,527,000 after buying an additional 15,128 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of PG&E by 110.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 245,226 shares of the utilities provider’s stock valued at $16,274,000 after buying an additional 128,504 shares during the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of PG&E by 591.8% in the second quarter. Nomura Holdings Inc. now owns 44,550 shares of the utilities provider’s stock valued at $2,955,000 after buying an additional 38,110 shares during the last quarter. 81.07% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on PCG. Evercore ISI lowered their price objective on PG&E from $66.00 to $61.00 in a research report on Monday, October 16th. ValuEngine lowered PG&E from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Barclays lifted their price objective on PG&E from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $70.00 price objective on shares of PG&E in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered PG&E from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.62.

In other news, VP David S. Thomason sold 700 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $56.82, for a total transaction of $39,774.00. Following the completion of the transaction, the vice president now directly owns 6,657 shares in the company, valued at approximately $378,250.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by insiders.

Shares of PG&E Co. (NYSE PCG) opened at $43.82 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $22,540.00, a PE ratio of 10.07, a P/E/G ratio of 2.73 and a beta of 0.14. PG&E Co. has a 12-month low of $41.61 and a 12-month high of $71.57.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.18. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.82 billion. PG&E had a return on equity of 11.94% and a net margin of 12.59%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS. analysts anticipate that PG&E Co. will post 3.69 EPS for the current year.

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PG&E Company Profile

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial, and agricultural customers.

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Institutional Ownership by Quarter for PG&E (NYSE:PCG)

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