Toroso Investments LLC Sells 82,499 Shares of PG&E Co. (NYSE:PCG)

Toroso Investments LLC trimmed its position in shares of PG&E Co. (NYSE:PCG) by 26.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,898 shares of the utilities provider’s stock after selling 82,499 shares during the period. Toroso Investments LLC’s holdings in PG&E were worth $3,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PCG. Clear Street Markets LLC bought a new stake in shares of PG&E during the 4th quarter valued at $26,000. Tucker Asset Management LLC bought a new stake in PG&E during the 1st quarter valued at approximately $28,000. Ameritas Advisory Services LLC bought a new stake in PG&E during the 1st quarter valued at approximately $32,000. BOKF NA bought a new stake in PG&E during the 1st quarter valued at approximately $36,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in PG&E during the 1st quarter valued at approximately $40,000. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays assumed coverage on PG&E in a research note on Wednesday, August 23rd. They set an “overweight” rating and a $19.00 target price on the stock. UBS Group upgraded shares of PG&E from a “neutral” rating to a “buy” rating and lifted their price target for the company from $19.00 to $21.00 in a report on Monday, August 7th. StockNews.com downgraded shares of PG&E from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Royal Bank of Canada lifted their price target on shares of PG&E from $20.00 to $21.00 in a report on Tuesday, May 30th. Finally, Mizuho reaffirmed a “buy” rating and issued a $19.00 price objective on shares of PG&E in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, PG&E currently has an average rating of “Moderate Buy” and an average target price of $19.14.

PG&E Stock Performance

Shares of NYSE:PCG opened at $17.21 on Friday. The company has a market capitalization of $44.21 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 5.55 and a beta of 1.12. PG&E Co. has a 12 month low of $12.13 and a 12 month high of $18.19. The firm’s 50-day moving average is $17.20 and its 200 day moving average is $16.87. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 2.09.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.04). The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.49 billion. PG&E had a net margin of 8.79% and a return on equity of 9.79%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. Research analysts predict that PG&E Co. will post 1.21 EPS for the current year.

Insider Buying and Selling at PG&E

In other PG&E news, Director Cheryl F. Campbell sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $16.90, for a total value of $169,000.00. Following the transaction, the director now directly owns 54,153 shares in the company, valued at approximately $915,185.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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 customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.