Eagle Global Advisors LLC Increases Stake in PG&E Co. (NYSE:PCG)

Eagle Global Advisors LLC grew its holdings in PG&E Co. (NYSE:PCG - Free Report) by 398.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 547,397 shares of the utilities provider's stock after purchasing an additional 437,539 shares during the period. Eagle Global Advisors LLC's holdings in PG&E were worth $11,046,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock valued at $31,000 after buying an additional 626 shares during the period. Colonial Trust Co SC increased its stake in PG&E by 563.0% during the fourth quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after purchasing an additional 1,627 shares during the period. UMB Bank n.a. lifted its position in shares of PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock worth $80,000 after purchasing an additional 1,506 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of PG&E by 23.9% during the fourth quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after purchasing an additional 825 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of PG&E by 746.0% in the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock valued at $110,000 after purchasing an additional 4,819 shares during the period. Institutional investors and hedge funds own 78.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on PCG. Evercore ISI raised their price target on shares of PG&E from $15.00 to $17.00 and gave the company an "in-line" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. BMO Capital Markets lowered their price target on shares of PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Jefferies Financial Group raised their price objective on shares of PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Barclays lowered their target price on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, PG&E has an average rating of "Moderate Buy" and a consensus price target of $21.13.

PG&E Stock Performance

PCG traded down $0.03 on Monday, reaching $17.11. The company had a trading volume of 4,243,867 shares, compared to its average volume of 16,481,058. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The stock has a market capitalization of $45.76 billion, a PE ratio of 14.88, a P/E/G ratio of 1.09 and a beta of 0.63. The stock has a 50-day moving average price of $16.88 and a 200-day moving average price of $18.01.

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

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given 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 dividend yield of 0.58%. PG&E's dividend payout ratio (DPR) is presently 9.17%.

Insider Activity

In other PG&E news, Director Arno Lockheart Harris acquired 6,389 shares of the company's stock in a transaction 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 completion of the purchase, the director now owns 14,864 shares in the company, valued at $232,770.24. This trade represents a 75.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Carla J. Peterman sold 32,519 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the completion of the sale, the executive vice president now directly owns 151,116 shares of the company's stock, valued at $2,614,306.80. The trade was a 17.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company's stock.

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.