18,637 Shares in PG&E Co. (NYSE:PCG) Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC purchased a new stake in PG&E Co. (NYSE:PCG) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 18,637 shares of the utilities provider’s stock, valued at approximately $376,000.

Several other hedge funds have also recently bought and sold shares of PCG. Versant Capital Management Inc increased its stake in shares of PG&E by 68.3% during 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 period. UMB Bank n.a. increased its position in PG&E by 61.5% during the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,506 shares during the period. Blue Trust Inc. lifted its holdings in shares of PG&E by 77.7% during the third 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 in the last quarter. Catalyst Capital Advisors LLC boosted its position 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 valued at $86,000 after acquiring an additional 2,154 shares during the period. Finally, Huntington National Bank grew its stake in shares of PG&E by 32.9% in 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 in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PG&E

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 1,460,222 shares in the company, valued at $30,168,186.52. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

PG&E Stock Performance

PG&E stock opened at $15.61 on Tuesday. The stock has a market cap of $40.81 billion, a PE ratio of 12.19, 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 Co. has a 12-month low of $14.99 and a 12-month high of $21.72. The business’s 50-day moving average price is $18.41 and its two-hundred day moving average price is $19.29.

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.