Oak Thistle LLC Invests $1.78 Million in PG&E Co. (NYSE:PCG)

Oak Thistle LLC purchased a new stake in shares of PG&E Co. (NYSE:PCG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 98,460 shares of the utilities provider's stock, valued at approximately $1,775,000.

Several other institutional investors have also modified their holdings of the company. Cigna Investments Inc. New boosted its position in PG&E by 5.6% during the 4th quarter. Cigna Investments Inc. New now owns 21,913 shares of the utilities provider's stock worth $395,000 after acquiring an additional 1,166 shares during the period. Fifth Third Bancorp lifted its holdings in PG&E by 27.5% in the fourth quarter. Fifth Third Bancorp now owns 21,682 shares of the utilities provider's stock worth $391,000 after purchasing an additional 4,681 shares during the period. Caprock Group LLC grew its position in PG&E by 5.1% in the 4th quarter. Caprock Group LLC now owns 20,496 shares of the utilities provider's stock valued at $370,000 after buying an additional 999 shares in the last quarter. Planned Solutions Inc. acquired a new position in PG&E during the 4th quarter valued at about $37,000. Finally, Assenagon Asset Management S.A. raised its position in shares of PG&E by 11.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 35,429 shares of the utilities provider's stock worth $639,000 after buying an additional 3,506 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

PG&E Stock Down 1.2 %

Shares of PCG traded down $0.20 during mid-day trading on Monday, reaching $16.56. The company's stock had a trading volume of 11,819,740 shares, compared to its average volume of 16,839,641. The company has a market cap of $43.24 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 4.94 and a beta of 1.32. PG&E Co. has a 1 year low of $14.71 and a 1 year high of $18.32. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 2.04. The business has a fifty day moving average of $16.53 and a 200 day moving average of $16.85.

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

PG&E Dividend Announcement

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

Wall Street Analysts Forecast Growth

PCG has been the topic of several recent analyst reports. Barclays dropped their target price on PG&E from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Monday, January 22nd. StockNews.com raised PG&E from a "sell" rating to a "hold" rating in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.72.

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.