Levin Capital Strategies L.P. lowered its position in shares of PG&E Co. (NYSE:PCG) by 79.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 687,508 shares of the utilities provider’s stock after selling 2,633,055 shares during the quarter. Levin Capital Strategies L.P. owned 0.13% of PG&E worth $16,328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. First Hawaiian Bank grew its stake in shares of PG&E by 42.7% during the 4th quarter. First Hawaiian Bank now owns 2,599 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 778 shares during the period. Creative Planning grew its stake in shares of PG&E by 5.4% during the 3rd quarter. Creative Planning now owns 21,790 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,116 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of PG&E by 417.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,417 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 1,143 shares during the period. Bessemer Group Inc. grew its stake in shares of PG&E by 67.1% during the 3rd quarter. Bessemer Group Inc. now owns 2,893 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 1,162 shares during the period. Finally, State Treasurer State of Michigan grew its stake in shares of PG&E by 0.8% during the 3rd quarter. State Treasurer State of Michigan now owns 154,129 shares of the utilities provider’s stock worth $7,091,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 83.61% of the company’s stock.

A number of equities analysts have recently weighed in on PCG shares. JPMorgan Chase & Co. upped their price target on shares of PG&E from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, January 25th. Wolfe Research raised shares of PG&E from a “market perform” rating to an “outperform” rating in a research note on Monday, January 28th. Bank of America lowered their price objective on shares of PG&E from $44.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, January 9th. Citigroup raised shares of PG&E from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $48.00 to $40.00 in a research note on Friday, November 16th. Finally, ValuEngine cut shares of PG&E from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. PG&E currently has a consensus rating of “Hold” and an average target price of $23.85.

PG&E stock opened at $14.36 on Monday. PG&E Co. has a 12-month low of $5.07 and a 12-month high of $49.42. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 3.90, a PEG ratio of 1.26 and a beta of -0.46. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.62 and a current ratio of 0.67.

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PG&E 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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Institutional Ownership by Quarter for PG&E (NYSE:PCG)

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