PG&E Co. (NYSE:PCG) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of PG&E Co. (NYSE:PCG) by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 317,092 shares of the utilities provider’s stock after purchasing an additional 5,320 shares during the period. Nisa Investment Advisors LLC’s holdings in PG&E were worth $6,407,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PCG. Versant Capital Management Inc raised its position in PG&E by 68.3% during 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 in the last quarter. UMB Bank n.a. lifted its stake in shares of PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,506 shares during the period. Blue Trust Inc. boosted its holdings in PG&E by 77.7% during the third quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock worth $83,000 after buying an additional 1,834 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in PG&E during the second quarter valued at $74,000. Finally, Catalyst Capital Advisors LLC increased 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 buying an additional 2,154 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insider Buying and Selling at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of PG&E stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is currently owned by company insiders.

PG&E Trading Up 1.7 %

PCG opened at $16.52 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. The company’s 50 day simple moving average is $19.55 and its two-hundred day simple moving average is $19.43. The firm has a market capitalization of $43.19 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. PG&E Co. has a 1-year low of $15.94 and a 1-year high of $21.72.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.025 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from PG&E’s previous quarterly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a yield of 0.61%. PG&E’s payout ratio is 7.81%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PCG. Jefferies Financial Group assumed coverage on shares of PG&E in a research note on Monday, October 14th. They set a “buy” rating and a $24.00 target price on the stock. UBS Group cut their price objective on PG&E from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. BMO Capital Markets initiated coverage on PG&E in a research report on Monday, January 13th. They set an “outperform” rating and a $21.00 target price on the stock. Mizuho boosted their price target on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays dropped their target price on shares of PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.64.

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.