Captrust Financial Advisors Buys 18,470 Shares of PG&E Co. (NYSE:PCG)

Captrust Financial Advisors lifted its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 28.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,768 shares of the utilities provider's stock after buying an additional 18,470 shares during the period. Captrust Financial Advisors' holdings in PG&E were worth $1,670,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of PG&E by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider's stock valued at $5,132,964,000 after buying an additional 6,151,233 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of PG&E by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 51,988,553 shares of the utilities provider's stock valued at $1,046,462,000 after buying an additional 2,151,494 shares during the last quarter. Capital Research Global Investors boosted its position in shares of PG&E by 70.3% during the fourth quarter. Capital Research Global Investors now owns 46,805,768 shares of the utilities provider's stock valued at $944,540,000 after buying an additional 19,317,171 shares during the last quarter. Norges Bank purchased a new stake in shares of PG&E during the fourth quarter valued at $591,625,000. Finally, Northern Trust Corp boosted its position in shares of PG&E by 6.8% during the fourth quarter. Northern Trust Corp now owns 19,125,945 shares of the utilities provider's stock valued at $385,962,000 after buying an additional 1,214,394 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Stock Down 1.5%

PCG stock opened at $16.97 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 quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The stock has a market cap of $45.40 billion, a P/E ratio of 14.76, a PEG ratio of 1.09 and a beta of 0.63. The business's 50-day moving average price is $16.90 and its 200-day moving average price is $17.99.

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

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.025 dividend. 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 0.59%. PG&E's dividend payout ratio is presently 9.17%.

Insider Buying and Selling

In other news, Director Arno Lockheart Harris acquired 6,389 shares of PG&E stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $15.66 per share, with a total value of $100,051.74. Following the purchase, the director now directly owns 14,864 shares in the company, valued at $232,770.24. The trade was a 75.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carla J. Peterman sold 32,519 shares of PG&E 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 completion of the sale, the executive vice president now directly owns 151,116 shares in the company, valued at approximately $2,614,306.80. The trade was a 17.71% decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on PCG shares. Wells Fargo & Company reissued an "overweight" rating and issued a $24.00 target price on shares of PG&E in a research report on Friday, April 25th. BMO Capital Markets dropped their target price on PG&E from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Guggenheim raised their target price on PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. Finally, Evercore ISI raised their target price on PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, PG&E currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.13.

PG&E 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.

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