Quadcap Wealth Management LLC Buys 21,760 Shares of PG&E Co. (NYSE:PCG)

Quadcap Wealth Management LLC raised its stake in shares of PG&E Co. (NYSE:PCG) by 141.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,117 shares of the utilities provider’s stock after purchasing an additional 21,760 shares during the period. Quadcap Wealth Management LLC’s holdings in PG&E were worth $749,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Quantinno Capital Management LP raised its position in PG&E by 35.9% during the 4th quarter. Quantinno Capital Management LP now owns 110,871 shares of the utilities provider’s stock worth $2,237,000 after purchasing an additional 29,277 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in PG&E by 43.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 348,164 shares of the utilities provider’s stock worth $7,012,000 after purchasing an additional 104,797 shares during the last quarter. Nearwater Capital Markets Ltd bought a new position in PG&E during the 4th quarter worth $15,026,000. NorthRock Partners LLC bought a new position in PG&E during the 4th quarter worth $300,000. Finally, Occudo Quantitative Strategies LP raised its position in PG&E by 117.4% during the 4th quarter. Occudo Quantitative Strategies LP now owns 52,083 shares of the utilities provider’s stock worth $1,051,000 after purchasing an additional 28,128 shares during the last quarter. 78.56% of the stock is owned by institutional investors.

Insider Buying and Selling at PG&E

In other news, EVP Carla J. Peterman sold 32,519 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total value of $562,578.70. Following the transaction, the executive vice president now owns 151,116 shares in the company, valued at $2,614,306.80. The trade was a 17.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arno Lockheart Harris bought 6,389 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was acquired at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the purchase, the director now directly 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. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PCG shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. Morgan Stanley reissued an “underweight” rating on shares of PG&E in a research report on Wednesday, April 23rd. Guggenheim lifted their price objective on PG&E from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. UBS Group lowered PG&E from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $19.00 in a research report on Wednesday, March 19th. Finally, Barclays lowered their price objective on PG&E from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, PG&E currently has an average rating of “Moderate Buy” and a consensus target price of $21.13.

PG&E Stock Performance

Shares of PCG opened at $17.38 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. The stock has a 50-day moving average of $16.97 and a 200-day moving average of $17.96. The company has a market cap of $46.50 billion, a PE ratio of 15.11, a P/E/G ratio of 1.09 and a beta of 0.63. PG&E Co. has a one year low of $14.99 and a one year high of $21.72.

PG&E (NYSE:PCG) last released its quarterly earnings results on Thursday, April 24th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $6.23 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. PG&E’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. On average, equities research analysts predict that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. PG&E’s dividend payout ratio (DPR) is currently 9.17%.

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.