Diversify Advisory Services LLC Has $494,000 Stock Holdings in PG&E Co. (NYSE:PCG)

Diversify Advisory Services LLC decreased its position in PG&E Co. (NYSE:PCG) by 8.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,459 shares of the utilities provider’s stock after selling 2,233 shares during the period. Diversify Advisory Services LLC’s holdings in PG&E were worth $494,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew its stake in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 626 shares during the period. Commerce Bank lifted its holdings in shares of PG&E by 1.5% during the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider’s stock valued at $930,000 after purchasing an additional 712 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in shares of PG&E by 4.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock valued at $330,000 after purchasing an additional 715 shares during the period. Continuum Advisory LLC increased its stake in PG&E by 11.4% during the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 769 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in PG&E by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider’s stock worth $624,000 after buying an additional 812 shares during the period. Institutional investors own 78.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of PG&E in a report on Monday, October 14th. They issued a “buy” rating and a $24.00 price target for the company. BMO Capital Markets assumed coverage on PG&E in a report on Monday, January 13th. They set an “outperform” rating and a $21.00 target price for the company. Barclays dropped their price target on PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Morgan Stanley upped their price objective on PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, UBS Group dropped their target price on PG&E from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.64.

PG&E Trading Up 1.8 %

NYSE PCG opened at $17.31 on Wednesday. PG&E Co. has a 12 month low of $15.94 and a 12 month high of $21.72. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02. The stock has a 50 day moving average of $19.91 and a 200-day moving average of $19.48. The company has a market cap of $45.27 billion, a PE ratio of 13.52, a PEG ratio of 1.19 and a beta of 0.98.

PG&E (NYSE:PCG) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. On average, equities research analysts anticipate that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from PG&E’s previous quarterly dividend of $0.01. PG&E’s payout ratio is 7.81%.

Insider Buying and Selling at PG&E

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the transaction, the chief executive officer now directly owns 1,460,222 shares in the company, valued at $30,168,186.52. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.15% of the company’s stock.

About PG&E

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.