PG&E Co. (NYSE:PCG) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its holdings in shares of PG&E Co. (NYSE:PCG) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,153,670 shares of the utilities provider’s stock after acquiring an additional 224,352 shares during the period. Natixis Advisors L.P.’s holdings in PG&E were worth $20,800,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of PG&E by 8.8% in the third quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider’s stock valued at $4,329,416,000 after buying an additional 21,731,911 shares during the last quarter. FMR LLC raised its stake in PG&E by 2.4% during the 3rd quarter. FMR LLC now owns 176,029,931 shares of the utilities provider’s stock valued at $2,839,363,000 after acquiring an additional 4,044,631 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in PG&E by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider’s stock worth $1,347,215,000 after acquiring an additional 18,180,432 shares during the period. Third Point LLC grew its stake in shares of PG&E by 5.3% in the 3rd quarter. Third Point LLC now owns 56,860,000 shares of the utilities provider’s stock valued at $917,152,000 after purchasing an additional 2,860,000 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of PG&E by 21.7% in the third quarter. Northern Trust Corp now owns 18,270,915 shares of the utilities provider’s stock valued at $294,710,000 after purchasing an additional 3,258,363 shares during the period. 78.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PCG shares. JPMorgan Chase & Co. lifted their price objective on shares of PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com raised shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Barclays lifted their price objective on PG&E from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group began coverage on PG&E in a research note on Wednesday, April 10th. They set a “buy” rating and a $21.00 target price for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

PG&E Stock Up 0.2 %

PCG opened at $17.57 on Monday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.93 and a current ratio of 0.99. The company has a market cap of $50.59 billion, a price-to-earnings ratio of 15.69 and a beta of 1.26. PG&E Co. has a one year low of $14.71 and a one year high of $18.32. The business’s fifty day moving average is $16.65 and its two-hundred day moving average is $16.94.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The firm had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts anticipate that PG&E Co. will post 1.35 EPS for the current fiscal year.

PG&E Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. PG&E’s payout ratio is 3.57%.

Insider Transactions at PG&E

In related news, CEO Patricia K. Poppe sold 59,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $17.08, for a total value of $1,007,720.00. Following the completion of the transaction, the chief executive officer now owns 1,515,777 shares of the company’s stock, valued at approximately $25,889,471.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

PG&E Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.