Souders Financial Advisors Takes $3.07 Million Position in PG&E Co. (NYSE:PCG)

Souders Financial Advisors purchased a new stake in PG&E Co. (NYSE:PCG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 170,160 shares of the utilities provider's stock, valued at approximately $3,068,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of PG&E by 8.8% during the third quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider's stock worth $4,329,416,000 after acquiring an additional 21,731,911 shares during the last quarter. FMR LLC lifted its holdings in PG&E by 2.4% in the third quarter. FMR LLC now owns 176,029,931 shares of the utilities provider's stock valued at $2,839,363,000 after acquiring an additional 4,044,631 shares during the period. BlackRock Inc. lifted its holdings in PG&E by 12.8% in the first quarter. BlackRock Inc. now owns 134,314,990 shares of the utilities provider's stock valued at $2,171,873,000 after acquiring an additional 15,210,198 shares during the period. State Street Corp lifted its holdings in PG&E by 6.0% in the second quarter. State Street Corp now owns 88,758,535 shares of the utilities provider's stock valued at $1,533,747,000 after acquiring an additional 4,994,402 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in PG&E by 27.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider's stock valued at $1,347,215,000 after acquiring an additional 18,180,432 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PCG. Barclays cut their price target on PG&E from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, January 22nd. StockNews.com raised shares of PG&E from a "sell" rating to a "hold" rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $18.50.

PG&E Trading Up 1.4 %

PCG traded up $0.24 during midday trading on Friday, hitting $16.81. The company's stock had a trading volume of 14,079,526 shares, compared to its average volume of 13,789,867. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 2.04. The firm has a market cap of $43.90 billion, a P/E ratio of 16.01, a PEG ratio of 4.90 and a beta of 1.32. The firm has a 50-day moving average price of $16.53 and a two-hundred day moving average price of $16.84. PG&E Co. has a 52-week low of $14.71 and a 52-week high of $18.32.

PG&E (NYSE:PCG - Get Free Report) last issued 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 return on equity of 10.84% and a net margin of 9.24%. The business had revenue of $7.04 billion during the quarter, compared to analysts' expectations of $6.43 billion. During the same quarter in the previous year, the business earned $0.26 EPS. On average, research analysts anticipate that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued 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 currently 3.81%.

About PG&E

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.