PG&E Co. (NYSE:PCG) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,598,807 shares of the utilities provider's stock after buying an additional 446,848 shares during the period. PG&E comprises approximately 2.0% of Artemis Investment Management LLP's holdings, making the stock its 11th largest holding. Artemis Investment Management LLP owned about 0.29% of PG&E worth $137,009,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PCG. Raymond James & Associates increased its position in shares of PG&E by 44.3% in the first quarter. Raymond James & Associates now owns 337,858 shares of the utilities provider's stock valued at $4,034,000 after buying an additional 103,767 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of PG&E by 86.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 146,663 shares of the utilities provider's stock valued at $1,751,000 after buying an additional 67,898 shares during the period. American Century Companies Inc. raised its holdings in shares of PG&E by 190.4% in the 1st quarter. American Century Companies Inc. now owns 183,755 shares of the utilities provider's stock valued at $2,194,000 after buying an additional 120,468 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of PG&E by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,636 shares of the utilities provider's stock valued at $366,000 after buying an additional 1,122 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new stake in PG&E during the 1st quarter worth about $154,000. Hedge funds and other institutional investors own 78.56% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PCG. StockNews.com raised PG&E from a "sell" rating to a "hold" rating in a research report on Thursday, February 1st. Barclays lowered their price objective on PG&E from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.72.

PG&E Stock Up 0.1 %

NYSE:PCG traded up $0.01 during mid-day trading on Monday, hitting $16.42. The company had a trading volume of 14,520,106 shares, compared to its average volume of 16,867,342. The business has a fifty day simple moving average of $16.58 and a 200-day simple moving average of $16.87. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 2.04. PG&E Co. has a 1 year low of $14.71 and a 1 year high of $18.32. The firm has a market capitalization of $42.88 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 4.84 and a beta of 1.32.

PG&E (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. PG&E had a return on equity of 10.84% and a net margin of 9.24%. The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the company posted $0.26 earnings per share. Equities analysts forecast that PG&E Co. will post 1.35 earnings per share for the current fiscal year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, March 27th. PG&E's payout ratio is 3.81%.

PG&E Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.