Yelin Lapidot Holdings Management Ltd. Acquires Shares of 10,195 PG&E Co. (NYSE:PCG)

Yelin Lapidot Holdings Management Ltd. purchased a new stake in PG&E Co. (NYSE:PCG) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,195 shares of the utilities provider’s stock, valued at approximately $206,000.

Several other institutional investors have also modified their holdings of the stock. FMR LLC raised its position in shares of PG&E by 5.1% in the third quarter. FMR LLC now owns 176,839,426 shares of the utilities provider’s stock valued at $3,496,115,000 after buying an additional 8,604,396 shares during the last quarter. State Street Corp increased its stake in PG&E by 5.0% during the third quarter. State Street Corp now owns 108,953,808 shares of the utilities provider’s stock worth $2,155,093,000 after acquiring an additional 5,191,463 shares during the last quarter. Brookfield Corp ON raised its holdings in PG&E by 45.6% in the 3rd quarter. Brookfield Corp ON now owns 12,643,085 shares of the utilities provider’s stock valued at $249,954,000 after buying an additional 3,958,495 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of PG&E by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 104,846,953 shares of the utilities provider’s stock valued at $2,072,824,000 after acquiring an additional 2,936,763 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its stake in PG&E by 91.2% during the third quarter. Duff & Phelps Investment Management Co. now owns 4,027,434 shares of the utilities provider’s stock worth $79,622,000 after purchasing an additional 1,920,734 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PCG shares. Barclays dropped their price target on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. UBS Group dropped their price objective on PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. Guggenheim downgraded PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets increased their price target on shares of PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and a consensus target price of $22.23.

Insider Buying and Selling

In related news, CEO Patricia K. Poppe sold 55,555 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total value of $1,147,766.30. Following the completion of the sale, the chief executive officer now owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arno Lockheart Harris bought 6,389 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $15.66 per share, with a total value of $100,051.74. Following the completion of the transaction, the director now directly owns 14,864 shares of the company’s stock, valued at approximately $232,770.24. This represents a 75.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

PG&E Trading Down 0.6 %

NYSE:PCG opened at $15.95 on Friday. The stock has a market cap of $42.59 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.09 and a beta of 0.99. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The business has a fifty day moving average of $17.29 and a 200-day moving average of $19.07. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72.

PG&E (NYSE:PCG) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The business had revenue of $6.63 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business earned $0.47 earnings per share. Equities analysts predict that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, March 31st. PG&E’s payout ratio is 8.70%.

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.