Tibra Equities Europe Ltd Purchases Shares of 17,084 PG&E Co. (NYSE:PCG)

Tibra Equities Europe Ltd acquired a new stake in shares of PG&E Co. (NYSE:PCG – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 17,084 shares of the utilities provider’s stock, valued at approximately $207,000. PG&E accounts for 0.2% of Tibra Equities Europe Ltd’s portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of PCG. Moors & Cabot Inc. acquired a new position in PG&E in the 3rd quarter worth approximately $27,000. Liberty Wealth Management LLC boosted its stake in PG&E by 302.1% in the 3rd quarter. Liberty Wealth Management LLC now owns 3,394 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 2,550 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in PG&E by 53.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,414 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 1,194 shares during the period. National Bank of Canada FI acquired a new position in PG&E in the 4th quarter worth approximately $57,000. Finally, Covestor Ltd acquired a new position in PG&E in the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 75.20% of the company’s stock.

Shares of NYSE:PCG traded down $0.15 on Thursday, hitting $12.01. 21,806,874 shares of the company were exchanged, compared to its average volume of 19,122,395. The company’s 50 day moving average price is $12.15 and its two-hundred day moving average price is $12.05. PG&E Co. has a one year low of $8.24 and a one year high of $13.19. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.59 and a current ratio of 0.63. The firm has a market capitalization of $29.61 billion, a price-to-earnings ratio of 173.17, a PEG ratio of 4.45 and a beta of 1.18.

PG&E (NYSE:PCG – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. PG&E had a net margin of 1.21% and a return on equity of 10.75%. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue was up 22.9% compared to the same quarter last year. Research analysts predict that PG&E Co. will post 1.09 earnings per share for the current year.

PCG has been the subject of a number of research reports. StockNews.com initiated coverage on shares of PG&E in a research note on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley decreased their target price on shares of PG&E from $14.00 to $13.50 and set an “equal weight” rating for the company in a research note on Monday. Credit Suisse Group began coverage on shares of PG&E in a research note on Monday, April 25th. They set an “outperform” rating and a $17.00 target price for the company. Finally, Mizuho lifted their price objective on shares of PG&E from $16.00 to $18.00 in a research note on Tuesday, April 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $14.70.

In other news, major shareholder Pg&E Fire Victim Trust sold 60,000,000 shares of PG&E stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $12.04, for a total transaction of $722,400,000.00. Following the sale, the insider now directly owns 377,743,590 shares in the company, valued at approximately $4,548,032,823.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

PG&E Company Profile (Get Rating)

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.

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