Miller Howard Investments Inc. NY Buys 27,844 Shares of PG&E Co. (NYSE:PCG)

Miller Howard Investments Inc. NY grew its stake in PG&E Co. (NYSE:PCG) by 74.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,222 shares of the utilities provider’s stock after acquiring an additional 27,844 shares during the period. Miller Howard Investments Inc. NY’s holdings in PG&E were worth $1,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PCG. Versant Capital Management Inc grew its stake in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 626 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 buying an additional 1,506 shares in the last quarter. Blue Trust Inc. increased its stake in shares of PG&E by 77.7% during the third quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after buying an additional 1,834 shares during the period. Catalyst Capital Advisors LLC raised its holdings in shares of PG&E by 98.5% in the third quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 2,154 shares in the last quarter. Finally, Huntington National Bank lifted its stake in PG&E by 32.9% in the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 1,195 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Trading Down 1.6 %

NYSE:PCG opened at $15.34 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02. The firm has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $19.29. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72. The company has a market capitalization of $40.13 billion, a P/E ratio of 11.99, a PEG ratio of 1.09 and a beta of 0.99.

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 the consensus estimate of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that PG&E Co. will post 1.36 earnings per share for the current year.

Insider Buying and Selling

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the firm’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 directly owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.