SeaCrest Wealth Management LLC acquired a new position in shares of PG&E Co. (NYSE:PCG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,634 shares of the utilities provider’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Stockton purchased a new stake in PG&E during the third quarter worth approximately $224,000. Stuart Chaussee & Associates Inc. purchased a new stake in PG&E during the fourth quarter worth approximately $214,000. Vicus Capital purchased a new stake in PG&E during the third quarter worth approximately $342,000. CIBC World Markets Inc. purchased a new stake in PG&E during the fourth quarter worth approximately $256,000. Finally, Park Avenue Securities LLC purchased a new stake in PG&E during the third quarter worth approximately $415,000. Institutional investors own 80.04% of the company’s stock.

Several equities research analysts have issued reports on PCG shares. Wells Fargo & Co downgraded shares of PG&E from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Goldman Sachs Group downgraded shares of PG&E from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Tuesday, January 2nd. Guggenheim downgraded shares of PG&E from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 2nd. Deutsche Bank restated a “buy” rating and issued a $61.00 target price on shares of PG&E in a research note on Thursday, December 21st. Finally, Mizuho downgraded shares of PG&E from a “buy” rating to a “neutral” rating and upped their target price for the company from $54.24 to $55.00 in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. PG&E currently has an average rating of “Hold” and an average price target of $60.24.

Shares of PG&E Co. (NYSE:PCG) opened at $38.57 on Friday. The stock has a market cap of $19,671.53, a price-to-earnings ratio of 8.75, a P/E/G ratio of 2.37 and a beta of 0.03. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.86. PG&E Co. has a twelve month low of $37.30 and a twelve month high of $71.57.

PG&E (NYSE:PCG) last posted its quarterly earnings results on Friday, February 9th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.10). PG&E had a net margin of 12.59% and a return on equity of 11.94%. During the same quarter last year, the firm earned $1.33 earnings per share. equities analysts predict that PG&E Co. will post 3.69 EPS for the current fiscal year.

In related news, VP David S. Thomason sold 700 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $56.82, for a total value of $39,774.00. Following the sale, the vice president now directly owns 6,657 shares of the company’s stock, valued at $378,250.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.15% of the company’s stock.

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About PG&E

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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