PG&E Co. (NYSE:PCG) Shares Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC increased its holdings in shares of PG&E Co. (NYSE:PCG) by 13.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,995,100 shares of the utilities provider’s stock after buying an additional 232,100 shares during the quarter. Ceredex Value Advisors LLC’s holdings in PG&E were worth $40,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC raised its holdings in shares of PG&E by 9.3% in the third quarter. Orion Portfolio Solutions LLC now owns 14,418 shares of the utilities provider’s stock valued at $285,000 after buying an additional 1,232 shares during the last quarter. Barclays PLC raised its stake in PG&E by 8.0% during the 3rd quarter. Barclays PLC now owns 5,692,521 shares of the utilities provider’s stock valued at $112,541,000 after acquiring an additional 420,133 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in PG&E during the 3rd quarter worth approximately $241,000. Sanctuary Advisors LLC grew its stake in shares of PG&E by 21.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 87,919 shares of the utilities provider’s stock valued at $1,879,000 after purchasing an additional 15,648 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of PG&E in the 3rd quarter valued at approximately $349,000. 78.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays cut their price target on PG&E from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. UBS Group cut shares of PG&E from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $19.00 in a research note on Wednesday, March 19th. Guggenheim lowered shares of PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. Morgan Stanley increased their price target on shares of PG&E from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, PG&E has an average rating of “Moderate Buy” and a consensus target price of $21.95.

PG&E Trading Up 0.6 %

Shares of PG&E stock opened at $17.16 on Wednesday. The company has a 50-day moving average of $16.41 and a two-hundred day moving average of $18.39. The stock has a market cap of $45.83 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. PG&E Co. has a 12-month low of $14.99 and a 12-month high of $21.72.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $6.63 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $0.47 EPS. On average, research analysts anticipate that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.025 dividend. The ex-dividend date was 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%.

Insider Activity at PG&E

In other news, EVP Carla J. Peterman sold 32,521 shares of the business’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 transaction, the executive vice president now directly owns 183,635 shares of the company’s stock, 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 legal filing with the SEC, which is available through the SEC website. Also, Director Arno Lockheart Harris acquired 6,389 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought 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 of the company’s stock, 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. 0.15% of the stock is owned by corporate 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.