Mirador Capital Partners LP Takes Position in PG&E Co. (NYSE:PCG)

Mirador Capital Partners LP bought a new position in shares of PG&E Co. (NYSE:PCG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 138,920 shares of the utilities provider's stock, valued at approximately $2,387,000.

A number of other hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its holdings in PG&E by 1,233.6% during the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,690 shares during the last quarter. Colonial Trust Co SC grew its holdings in PG&E by 563.0% during the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider's stock worth $39,000 after acquiring an additional 1,627 shares during the last quarter. Versant Capital Management Inc grew its holdings in PG&E by 124.9% during the 1st quarter. Versant Capital Management Inc now owns 3,470 shares of the utilities provider's stock worth $60,000 after acquiring an additional 1,927 shares during the last quarter. Optiver Holding B.V. grew its holdings in PG&E by 23.9% during the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider's stock worth $86,000 after acquiring an additional 825 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of PG&E by 30.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 5,183 shares of the utilities provider's stock valued at $89,000 after purchasing an additional 1,203 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group lowered shares of PG&E from a "buy" rating to a "neutral" rating and reduced their target price for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. Jefferies Financial Group raised their target price on shares of PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. BMO Capital Markets reduced their target price on shares of PG&E from $23.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Guggenheim raised their target price on shares of PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $24.00 target price on shares of PG&E in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.75.

Insider Buying and Selling

In other news, EVP Carla J. Peterman sold 32,519 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were 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 owns 151,116 shares of the company's stock, valued at approximately $2,614,306.80. The trade was a 17.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

PG&E Stock Down 0.9%

PCG traded down $0.15 during trading on Thursday, reaching $15.91. The company had a trading volume of 13,597,467 shares, compared to its average volume of 16,649,132. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72. The business's fifty day moving average price is $17.01 and its 200 day moving average price is $17.62. The company has a market cap of $42.57 billion, a P/E ratio of 13.83, a PEG ratio of 1.09 and a beta of 0.63.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $6.23 billion. During the same period in the previous year, the firm posted $0.37 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. PG&E's payout ratio is 9.17%.

PG&E Company 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.