PG&E Corporation (PCG) : Castleton Investment Management added new position in PG&E Corporation during the most recent quarter end. The investment management firm now holds 339,511 shares of PG&E Corporation which is valued at $19,742,565 , the company said in a statement filed on Nov 14, 2016 with the SEC.PG&E Corporation makes up approximately 9.59% of Castleton Investment Management’s portfolio.
Other Hedge Funds, Including , Tlp Group reduced its stake in PCG by selling 7,005 shares or 77.82% in the most recent quarter. The Hedge Fund company now holds 1,997 shares of PCG which is valued at $116,126. PG&E Corporation makes up approx 0.09% of Tlp Group’s portfolio. Investment House sold out all of its stake in PCG during the most recent quarter. The investment firm sold 3,250 shares of PCG which is valued $190,125.Shinko Asset Management Ltd. reduced its stake in PCG by selling 225 shares or 3.34% in the most recent quarter. The Hedge Fund company now holds 6,519 shares of PCG which is valued at $394,465.
PG&E Corporation closed down -0.29 points or -0.49% at $58.38 with 19,16,479 shares getting traded on Monday. Post opening the session at $58.65, the shares hit an intraday low of $58.135 and an intraday high of $58.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, PG&E Corporation reported $0.94 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Nov 4, 2016. Analyst had a consensus of $1.09. The company had revenue of $4810.00 million for the quarter, compared to analysts expectations of $4943.60 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 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.