Mechanics Bank Trust Department buys $1,878,675 stake in PG&E Corporation (PCG)

PG&E Corporation (PCG) : Mechanics Bank Trust Department scooped up 495 additional shares in PG&E Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 32,965 shares of PG&E Corporation which is valued at $1,878,675.PG&E Corporation makes up approximately 0.72% of Mechanics Bank Trust Department’s portfolio.

PG&E Corporation opened for trading at $57.16 and hit $58.1 on the upside on Wednesday, eventually ending the session at $57.76, with a gain of 1.33% or 0.76 points. The heightened volatility saw the trading volume jump to 21,55,122 shares. Company has a market cap of $28,466 M.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in PCG during the most recent quarter. The investment firm sold 326,427 shares of PCG which is valued $18,603,075. High Point Bank Trust Co sold out all of its stake in PCG during the most recent quarter. The investment firm sold 174 shares of PCG which is valued $9,916.Oregon Public Employees Retirement Fund boosted its stake in PCG in the latest quarter, The investment management firm added 1,172 additional shares and now holds a total of 101,384 shares of PG&E Corporation which is valued at $6,010,044. PG&E Corporation makes up approx 0.14% of Oregon Public Employees Retirement Fund’s portfolio.Eagle Asset Management Inc boosted its stake in PCG in the latest quarter, The investment management firm added 7,807 additional shares and now holds a total of 770,765 shares of PG&E Corporation which is valued at $45,398,059. PG&E Corporation makes up approx 0.32% of Eagle Asset Management Inc’s portfolio.British Columbia Investment Management Corp boosted its stake in PCG in the latest quarter, The investment management firm added 16,344 additional shares and now holds a total of 195,672 shares of PG&E Corporation which is valued at $11,525,081. PG&E Corporation makes up approx 0.11% of British Columbia Investment Management Corp’s portfolio.

On the company’s financial health, PG&E Corporation reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.43.Analysts expectations of $ 4504.25.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on PG&E Corporation. PG&E Corporation was Upgraded by Goldman to ” Buy” on Jan 27, 2016. PG&E Corporation was Upgraded by Morgan Stanley to ” Overweight” on Jan 26, 2016.

PG&E Corporation is a holding company. The Company’s primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utility’s operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential commercial industrial and agricultural customers. The Utility provides natural gas transportation services to customers which include small commercial and residential customers and to non-core customers which include industrial commercial and natural gas-fired electric generation facilities that are connected to the Utility’s gas system in its service territory.

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