Trilogy Capital Inc. Makes New $225,000 Investment in PG&E Co. (NYSE:PCG)

Trilogy Capital Inc. purchased a new stake in shares of PG&E Co. (NYSE:PCG) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 11,161 shares of the utilities provider’s stock, valued at approximately $225,000.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 626 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of PG&E by 61.5% during the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,506 shares during the period. Blue Trust Inc. boosted its stake in shares of PG&E by 77.7% in 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 during the last quarter. Catalyst Capital Advisors LLC grew its holdings 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 worth $86,000 after acquiring an additional 2,154 shares during the period. Finally, Huntington National Bank increased its position in PG&E by 32.9% during the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 1,195 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction dated 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. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.

PG&E Price Performance

NYSE:PCG opened at $15.60 on Friday. The business’s 50-day simple moving average is $18.65 and its two-hundred day simple moving average is $19.32. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The stock has a market cap of $40.79 billion, a PE ratio of 12.18, a P/E/G ratio of 1.09 and a beta of 0.99. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.02.

PG&E (NYSE:PCG) last posted 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 previous year, the firm earned $0.24 EPS. The firm’s revenue was up .9% compared to the same quarter last year. As a group, analysts forecast that PG&E Co. will post 1.36 EPS for the current fiscal year.

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.