PG&E Corporation (PCG) : Cliftonlarsonallen Wealth Advisors scooped up 2 additional shares in PG&E Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 30,490 shares of PG&E Corporation which is valued at $1,936,420.PG&E Corporation makes up approximately 0.27% of Cliftonlarsonallen Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Alpha Cubed Investments sold out all of its stake in PCG during the most recent quarter. The investment firm sold 12,732 shares of PCG which is valued $813,575.Symons Capital Management Inc boosted its stake in PCG in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 196,205 shares of PG&E Corporation which is valued at $12,537,500. PG&E Corporation makes up approx 2.91% of Symons Capital Management Inc’s portfolio.
PG&E Corporation opened for trading at $62.49 and hit $63.78 on the upside on Wednesday, eventually ending the session at $63.68, with a gain of 1.66% or 1.04 points. The heightened volatility saw the trading volume jump to 49,53,066 shares. Company has a market cap of $31,745 M.
On the company’s financial health, PG&E Corporation reported $0.66 EPS for the quarter, missing the analyst consensus estimate by $ -0.26 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.92. The company had revenue of $4169.00 million for the quarter, compared to analysts expectations of $4331.47 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.
Many Wall Street Analysts have commented on PG&E Corporation. Company shares were Upgraded by RBC Capital Mkts on Jul 15, 2016 to ” Outperform”, Firm has raised the Price Target to $ 71 from a previous price target of $60 .Company shares were Reiterated by Mizuho on Jun 29, 2016 to “Buy”, Firm has raised the Price Target to $ 67 from a previous price target of $64 .Company shares were Reiterated by Mizuho on May 24, 2016 to “Buy”, Firm has raised the Price Target to $ 64 from a previous price target of $56 .
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.