Level Four Advisory Services LLC Grows Stock Position in PG&E Co. (NYSE:PCG)

Level Four Advisory Services LLC lifted its stake in PG&E Co. (NYSE:PCG) by 7.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,066 shares of the utilities provider’s stock after acquiring an additional 772 shares during the quarter. Level Four Advisory Services LLC’s holdings in PG&E were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares 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. boosted its holdings in PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,506 shares in the last quarter. First Horizon Advisors Inc. grew its position in PG&E by 746.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock valued at $110,000 after buying an additional 4,819 shares during the period. Sierra Ocean LLC purchased a new position in PG&E in the fourth quarter valued at $111,000. Finally, Exchange Traded Concepts LLC increased its holdings in PG&E by 32.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 6,240 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,526 shares in the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of PG&E 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 sale, the executive vice president now owns 183,635 shares in the company, valued at $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arno Lockheart Harris purchased 6,389 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the purchase, the director now owns 14,864 shares in the company, valued at approximately $232,770.24. The trade was a 75.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.

PG&E Stock Performance

NYSE:PCG opened at $17.26 on Wednesday. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The company has a market cap of $46.09 billion, a P/E ratio of 15.00, a P/E/G ratio of 1.09 and a beta of 1.04. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The company’s 50-day moving average price is $16.21 and its 200-day moving average price is $18.64.

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

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. PG&E’s dividend payout ratio is presently 8.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PCG shares. Guggenheim cut PG&E from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price objective on PG&E from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Thursday, March 20th. BMO Capital Markets upped their target price on PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Barclays dropped their price target on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $22.00 price objective on shares of PG&E in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.05.

PG&E Company Profile

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.