Mutual of America Capital Management LLC boosted its holdings in PG&E Co. (NYSE:PCG) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 75,838 shares of the utilities provider’s stock after buying an additional 12,624 shares during the period. Mutual of America Capital Management LLC’s holdings in PG&E were worth $3,400,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of PCG. Bank of Stockton purchased a new stake in PG&E in the 3rd quarter worth $224,000. Partnervest Advisory Services LLC purchased a new stake in PG&E in the 4th quarter worth $282,000. Vicus Capital purchased a new stake in PG&E in the 3rd quarter worth $342,000. Park Avenue Securities LLC purchased a new stake in PG&E in the 3rd quarter worth $415,000. Finally, Wealthsource Partners LLC purchased a new stake in PG&E in the 2nd quarter worth $420,000. Institutional investors and hedge funds own 80.04% of the company’s stock.
In other PG&E news, VP David S. Thomason sold 700 shares of the stock in a transaction dated Wednesday, November 15th. The shares were 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 owns 6,657 shares of the company’s stock, valued at approximately $378,250.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by corporate insiders.
PG&E Co. (PCG) opened at $38.24 on Friday. PG&E Co. has a 1-year low of $38.23 and a 1-year high of $71.57. The company has a market cap of $20,309.41, a PE ratio of 9.03, a price-to-earnings-growth ratio of 2.45 and a beta of 0.03. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.
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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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