PG&E Co. (NYSE:PCG) COO Nickolas Stavropoulos sold 1,161 shares of PG&E stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $44.79, for a total transaction of $52,001.19. Following the sale, the chief operating officer now owns 78,223 shares in the company, valued at approximately $3,503,608.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE:PCG traded down $1.15 on Friday, hitting $42.81. The stock had a trading volume of 8,611,026 shares, compared to its average volume of 5,721,035. PG&E Co. has a twelve month low of $37.30 and a twelve month high of $71.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.60 and a current ratio of 0.65. The company has a market capitalization of $23.06 billion, a PE ratio of 11.63, a P/E/G ratio of 2.83 and a beta of -0.01.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, July 26th. The utilities provider reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.22. PG&E had a net margin of 0.80% and a return on equity of 10.20%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. analysts forecast that PG&E Co. will post 3.79 EPS for the current year.

Large investors have recently modified their holdings of the company. Oakbrook Investments LLC boosted its stake in shares of PG&E by 8.6% in the 2nd quarter. Oakbrook Investments LLC now owns 21,329 shares of the utilities provider’s stock valued at $908,000 after purchasing an additional 1,695 shares in the last quarter. Sei Investments Co. raised its holdings in shares of PG&E by 8.7% in the first quarter. Sei Investments Co. now owns 416,793 shares of the utilities provider’s stock valued at $18,310,000 after buying an additional 33,341 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of PG&E by 4.4% in the second quarter. Russell Investments Group Ltd. now owns 2,402,521 shares of the utilities provider’s stock valued at $102,320,000 after buying an additional 100,943 shares during the last quarter. Ostrum Asset Management bought a new position in shares of PG&E in the first quarter valued at about $494,000. Finally, Toronto Dominion Bank raised its holdings in shares of PG&E by 19.6% in the second quarter. Toronto Dominion Bank now owns 331,841 shares of the utilities provider’s stock valued at $14,121,000 after buying an additional 54,285 shares during the last quarter. Institutional investors own 82.72% of the company’s stock.

A number of equities research analysts have weighed in on PCG shares. Wells Fargo & Co upgraded shares of PG&E from a “market perform” rating to an “outperform” rating in a research note on Monday, August 6th. Morgan Stanley set a $62.00 price target on shares of PG&E and gave the stock a “buy” rating in a research note on Tuesday, May 29th. Bank of America reiterated a “hold” rating and set a $46.00 price target on shares of PG&E in a research note on Tuesday, May 29th. Barclays started coverage on shares of PG&E in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $53.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of PG&E from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, June 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.54.

PG&E Company Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company's electricity distribution network consists of approximately 107,200 circuit miles of distribution lines, 59 transmission switching substations, and 605 distribution substations; and electricity transmission network comprises approximately 19,200 circuit miles of interconnected transmission lines and 92 electric transmission substations.

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