PG&E Co. (NYSE:PCG) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its position in shares of PG&E Co. (NYSE:PCG) by 59.5% in the fourth quarter, HoldingsChannel reports. The firm owned 7,635 shares of the utilities provider’s stock after acquiring an additional 2,848 shares during the quarter. Smartleaf Asset Management LLC’s holdings in PG&E were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings 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. UMB Bank n.a. lifted its holdings in PG&E by 61.5% in the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 1,506 shares during the period. Catalyst Capital Advisors LLC lifted its holdings in PG&E by 98.5% in the third quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 2,154 shares during the period. Huntington National Bank lifted its holdings in PG&E by 32.9% in the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 1,195 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in PG&E by 746.0% in the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 4,819 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Stock Down 1.8 %

Shares of PCG opened at $16.09 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The stock has a market capitalization of $42.98 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.09 and a beta of 0.99. The stock has a 50 day moving average price of $16.83 and a 200 day moving average price of $18.97.

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

PG&E Dividend Announcement

The company 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 dividend yield of 0.62%. The ex-dividend date is Monday, March 31st. PG&E’s payout ratio is 8.70%.

Analyst Ratings Changes

A number of research analysts have issued reports on PCG shares. UBS Group decreased their price target on PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 30th. BMO Capital Markets boosted their price target on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $22.00 price target on shares of PG&E in a report on Wednesday, February 12th. Mizuho upped their target price on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley downgraded PG&E from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $16.50 in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, PG&E has a consensus rating of “Moderate Buy” and an average price target of $22.23.

Insider Buying and Selling

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the sale, the executive vice president now directly owns 183,635 shares in the company, valued at $3,006,104.95. This represents a 15.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arno Lockheart Harris bought 6,389 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was bought at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares in the company, valued at $232,770.24. This represents a 75.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

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.