Fjarde Ap-fonden Fourth Swedish National Pension Fund buys $7,269,826 stake in PG&E Corporation (PCG)

PG&E Corporation (PCG) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 3,786 additional shares in PG&E Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 121,569 shares of PG&E Corporation which is valued at $7,269,826.PG&E Corporation makes up approximately 0.16% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in PCG in the latest quarter, The investment management firm added 27,219 additional shares and now holds a total of 339,481 shares of PG&E Corporation which is valued at $20,300,964. PG&E Corporation makes up approx 0.17% of National Pension Service’s portfolio.Hexavest boosted its stake in PCG in the latest quarter, The investment management firm added 347,913 additional shares and now holds a total of 793,857 shares of PG&E Corporation which is valued at $46,694,669. PG&E Corporation makes up approx 0.85% of Hexavest’s portfolio.Boltwood Capital Management reduced its stake in PCG by selling 570 shares or 5.02% in the most recent quarter. The Hedge Fund company now holds 10,788 shares of PCG which is valued at $633,795. PG&E Corporation makes up approx 0.51% of Boltwood Capital Management’s portfolio.

PG&E Corporation closed down -0.57 points or -0.94% at $59.8 with 26,07,155 shares getting traded on Friday. Post opening the session at $60.06, the shares hit an intraday low of $59.79 and an intraday high of $60.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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