U.S. Capital Wealth Advisors LLC Cuts Stock Holdings in PG&E Co. (NYSE:PCG)

U.S. Capital Wealth Advisors LLC reduced its position in shares of PG&E Co. (NYSE:PCG) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,119 shares of the utilities provider’s stock after selling 13,066 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in PG&E were worth $991,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PCG. Versant Capital Management Inc increased its stake in PG&E by 68.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after buying an additional 626 shares in the last quarter. UMB Bank n.a. increased its stake 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 buying an additional 1,506 shares in the last quarter. Blue Trust Inc. increased its stake in PG&E by 77.7% during the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock worth $83,000 after buying an additional 1,834 shares in the last quarter. Catalyst Capital Advisors LLC grew its position 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 purchasing an additional 2,154 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of PG&E by 32.9% in the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,195 shares in the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

PG&E Stock Up 0.3 %

NYSE:PCG opened at $15.21 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.02. The stock’s fifty day moving average is $18.77 and its two-hundred day moving average is $19.35. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The stock has a market capitalization of $39.77 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99.

PG&E (NYSE:PCG) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Research analysts anticipate that PG&E Co. will post 1.36 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total value of $1,147,766.30. Following the sale, the chief executive officer now directly owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by insiders.

About PG&E

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.