Capital Performance Advisors LLP Acquires Shares of 12,081 PG&E Co. (NYSE:PCG)

Capital Performance Advisors LLP purchased a new position in PG&E Co. (NYSE:PCG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,081 shares of the utilities provider’s stock, valued at approximately $239,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its stake in PG&E by 4.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,506 shares of the utilities provider’s stock worth $578,000 after buying an additional 1,507 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in PG&E by 9.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 65,702 shares of the utilities provider’s stock valued at $1,101,000 after purchasing an additional 5,914 shares in the last quarter. Nordea Investment Management AB boosted its stake in PG&E by 19.4% during the 1st quarter. Nordea Investment Management AB now owns 172,768 shares of the utilities provider’s stock worth $2,893,000 after purchasing an additional 28,036 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in PG&E during the 1st quarter worth $808,000. Finally, Empirical Finance LLC grew its holdings in shares of PG&E by 8.6% during the first quarter. Empirical Finance LLC now owns 34,899 shares of the utilities provider’s stock worth $585,000 after buying an additional 2,762 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PCG. Jefferies Financial Group began coverage on shares of PG&E in a research note on Monday, October 14th. They issued a “buy” rating and a $24.00 price target on the stock. Wells Fargo & Company lifted their price target on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. UBS Group raised their price target on shares of PG&E from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America began coverage on PG&E in a research note on Thursday, September 12th. They set a “buy” rating and a $24.00 target price for the company. Finally, Morgan Stanley lifted their target price on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.80.

Insider Buying and Selling

In other PG&E news, VP Stephanie N. Williams sold 38,601 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.32, for a total transaction of $707,170.32. Following the transaction, the vice president now owns 19,114 shares of the company’s stock, valued at approximately $350,168.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by company insiders.

PG&E Stock Up 1.1 %

NYSE:PCG traded up $0.22 during mid-day trading on Friday, hitting $20.58. The stock had a trading volume of 1,444,690 shares, compared to its average volume of 13,749,613. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 1.99. PG&E Co. has a twelve month low of $15.94 and a twelve month high of $20.93. The company has a market capitalization of $53.82 billion, a PE ratio of 17.42, a PEG ratio of 1.53 and a beta of 1.03. The stock has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $18.71.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $6.58 billion. PG&E had a net margin of 10.22% and a return on equity of 11.76%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. On average, equities research analysts anticipate that PG&E Co. will post 1.36 EPS for the current year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. PG&E’s payout ratio is currently 3.42%.

PG&E Company Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.