Thrivent Financial For Lutherans Lowers stake in PG&E Corporation (PCG)

PG&E Corporation (PCG) : Thrivent Financial For Lutherans reduced its stake in PG&E Corporation by 0.37% during the most recent quarter end. The investment management company now holds a total of 2,834,045 shares of PG&E Corporation which is valued at $167.7 Million after selling 10,650 shares in PG&E Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.PG&E Corporation makes up approximately 0.84% of Thrivent Financial For Lutherans’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Life Insurance Co sold out all of its stake in PCG during the most recent quarter. The investment firm sold 5,220 shares of PCG which is valued $308,867.California Public Employees Retirement System reduced its stake in PCG by selling 43,900 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 1,531,163 shares of PCG which is valued at $90.3 Million. PG&E Corporation makes up approx 0.14% of California Public Employees Retirement System’s portfolio. Capital Advisors Incok added PCG to its portfolio by purchasing 3,554 company shares during the most recent quarter which is valued at $209,686. PG&E Corporation makes up approx 0.03% of Capital Advisors Incok’s portfolio.Wedbush Securities Inc boosted its stake in PCG in the latest quarter, The investment management firm added 62 additional shares and now holds a total of 3,980 shares of PG&E Corporation which is valued at $234,820. PG&E Corporation makes up approx 0.04% of Wedbush Securities Inc’s portfolio.Quantbot Technologies Lp reduced its stake in PCG by selling 6,993 shares or 22.8% in the most recent quarter. The Hedge Fund company now holds 23,678 shares of PCG which is valued at $1.4 Million. PG&E Corporation makes up approx 0.22% of Quantbot Technologies Lp’s portfolio.

PG&E Corporation opened for trading at $57.76 and hit $57.93 on the upside on Friday, eventually ending the session at $57.63, with a gain of 0.16% or 0.09 points. The heightened volatility saw the trading volume jump to 21,64,897 shares. Company has a market cap of $28,587 M.

On the company’s financial health, PG&E Corporation reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.75. The company had revenue of $3974.00 million for the quarter, compared to analysts expectations of $4041.23 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.

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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