Quantbot Technologies Lp buys $7,986,061 stake in PG&E Corporation (PCG)

PG&E Corporation (PCG) : Quantbot Technologies Lp scooped up 100,041 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 2, 2016. The investment management firm now holds a total of 123,719 shares of PG&E Corporation which is valued at $7,986,061.PG&E Corporation makes up approximately 0.82% of Quantbot Technologies Lp’s portfolio.

Other Hedge Funds, Including , Nippon Life Insurance Co boosted its stake in PCG in the latest quarter, The investment management firm added 12,105 additional shares and now holds a total of 26,616 shares of PG&E Corporation which is valued at $1,718,063. PG&E Corporation makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Investment Counsel boosted its stake in PCG in the latest quarter, The investment management firm added 4,500 additional shares and now holds a total of 23,416 shares of PG&E Corporation which is valued at $1,504,712. PG&E Corporation makes up approx 1.18% of Investment Counsel’s portfolio.Regentatlantic Capital reduced its stake in PCG by selling 15 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 6,229 shares of PCG which is valued at $400,276. PG&E Corporation makes up approx 0.04% of Regentatlantic Capital’s portfolio.Sumitomo Life Insurance Co reduced its stake in PCG by selling 588 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 15,382 shares of PCG which is valued at $992,447. PG&E Corporation makes up approx 0.13% of Sumitomo Life Insurance Co’s portfolio.

PG&E Corporation closed down -0.39 points or -0.61% at $63.51 with 19,60,697 shares getting traded on Monday. Post opening the session at $63.97, the shares hit an intraday low of $63.49 and an intraday high of $64.22 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 $0.66 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.

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