US Bancorp DE lowered its holdings in shares of PG&E Co. (NYSE:PCG) by 13.5% in the 4th quarter, Holdings Channel reports. The firm owned 205,629 shares of the utilities provider’s stock after selling 32,093 shares during the quarter. US Bancorp DE’s holdings in PG&E were worth $9,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. APG Asset Management N.V. increased its holdings in PG&E by 29.1% in the 4th quarter. APG Asset Management N.V. now owns 5,676,171 shares of the utilities provider’s stock worth $211,911,000 after acquiring an additional 1,278,152 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in PG&E by 271.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 1,672,781 shares of the utilities provider’s stock worth $74,991,000 after acquiring an additional 1,222,454 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in PG&E by 48.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,557,779 shares of the utilities provider’s stock worth $106,069,000 after acquiring an additional 504,900 shares in the last quarter. Strs Ohio increased its holdings in PG&E by 159.0% in the 4th quarter. Strs Ohio now owns 804,393 shares of the utilities provider’s stock worth $36,060,000 after acquiring an additional 493,763 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in PG&E by 12.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,354,563 shares of the utilities provider’s stock worth $228,434,000 after acquiring an additional 365,937 shares in the last quarter. 80.04% of the stock is owned by hedge funds and other institutional investors.

PG&E Co. (PCG) opened at $38.24 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $20,309.41, a P/E ratio of 9.03, a PEG ratio of 2.45 and a beta of 0.03. PG&E Co. has a 52-week low of $38.23 and a 52-week high of $71.57.

Several equities research analysts recently issued reports on PCG shares. JPMorgan Chase & Co. increased their target price on shares of PG&E from $74.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Wells Fargo & Co downgraded PG&E from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Goldman Sachs Group downgraded PG&E from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Tuesday, January 2nd. Guggenheim downgraded PG&E from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Deutsche Bank restated a “buy” rating and issued a $61.00 price target on shares of PG&E in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $60.24.

In other news, VP David S. Thomason sold 700 shares of the stock in a transaction that occurred on 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 can be accessed through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

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PG&E 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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