Natixis Advisors LLC Purchases 19,116 Shares of Pacific Gas & Electric Co. (NYSE:PCG)

Key Points

• Natixis Advisors LLC increased its ownership in Pacific Gas & Electric by 1.2% in the first quarter, holding approximately 1.57 million shares valued at $27 million.
• Pacific Gas & Electric reported $0.31 EPS for the latest quarter, falling short of the consensus estimate of $0.33, with revenues of $5.90 billion against expectations of $6.37 billion.
• The company recently announced a quarterly dividend of $0.025 per share with a 0.7% dividend yield, reflecting a payout ratio of 9.17%.

Natixis Advisors LLC boosted its holdings in Pacific Gas & Electric Co. (NYSE:PCG - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,572,979 shares of the utilities provider's stock after purchasing an additional 19,116 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Pacific Gas & Electric worth $27,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Howard Capital Management Inc. grew its stake in shares of Pacific Gas & Electric by 7.5% in the 1st quarter. Howard Capital Management Inc. now owns 64,278 shares of the utilities provider's stock worth $1,104,000 after buying an additional 4,479 shares during the last quarter. Bayforest Capital Ltd grew its stake in shares of Pacific Gas & Electric by 763.0% in the 1st quarter. Bayforest Capital Ltd now owns 29,127 shares of the utilities provider's stock worth $500,000 after buying an additional 25,752 shares during the last quarter. Vestcor Inc grew its stake in shares of Pacific Gas & Electric by 38.1% in the 1st quarter. Vestcor Inc now owns 87,028 shares of the utilities provider's stock worth $1,495,000 after buying an additional 24,024 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Pacific Gas & Electric in the 1st quarter worth approximately $466,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Pacific Gas & Electric in the 1st quarter worth approximately $512,000. Institutional investors own 78.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PCG. Morgan Stanley set a $18.00 price objective on shares of Pacific Gas & Electric and gave the company an "underweight" rating in a research note on Thursday, May 22nd. BMO Capital Markets lowered their price objective on Pacific Gas & Electric from $23.00 to $22.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company restated an "overweight" rating and issued a $24.00 price target on shares of Pacific Gas & Electric in a research note on Friday, April 25th. Jefferies Financial Group upped their target price on shares of Pacific Gas & Electric from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Argus raised shares of Pacific Gas & Electric to a "hold" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Pacific Gas & Electric has an average rating of "Moderate Buy" and a consensus price target of $20.55.

Pacific Gas & Electric Stock Performance

Shares of PCG stock traded up $0.94 during mid-day trading on Monday, reaching $15.06. 52,246,839 shares of the company's stock traded hands, compared to its average volume of 24,278,308. The firm has a 50 day moving average price of $14.34 and a two-hundred day moving average price of $15.81. The firm has a market capitalization of $40.29 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. Pacific Gas & Electric Co. has a 12 month low of $12.97 and a 12 month high of $21.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.89 and a current ratio of 0.94.

Pacific Gas & Electric (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Pacific Gas & Electric had a net margin of 9.95% and a return on equity of 10.13%. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. On average, research analysts forecast that Pacific Gas & Electric Co. will post 1.49 EPS for the current year.

Pacific Gas & Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 30th. Pacific Gas & Electric's dividend payout ratio (DPR) is 9.17%.

Pacific Gas & Electric 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.