Yousif Capital Management LLC Cuts Stock Holdings in PG&E Co. (NYSE:PCG)

Yousif Capital Management LLC lowered its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 13.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 320,995 shares of the utilities provider's stock after selling 51,608 shares during the period. Yousif Capital Management LLC's holdings in PG&E were worth $5,788,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PCG. CWM LLC boosted its stake in PG&E by 10.4% during the 3rd quarter. CWM LLC now owns 17,673 shares of the utilities provider's stock valued at $285,000 after purchasing an additional 1,665 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of PG&E by 11.9% in the 3rd quarter. SG Americas Securities LLC now owns 78,775 shares of the utilities provider's stock worth $1,271,000 after buying an additional 8,369 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of PG&E by 24.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 248,475 shares of the utilities provider's stock worth $4,007,000 after buying an additional 48,140 shares during the last quarter. Czech National Bank boosted its stake in shares of PG&E by 91.0% in the 3rd quarter. Czech National Bank now owns 365,507 shares of the utilities provider's stock worth $5,896,000 after buying an additional 174,137 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of PG&E by 5.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 896,984 shares of the utilities provider's stock worth $14,468,000 after buying an additional 42,446 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

PG&E Stock Performance

Shares of NYSE:PCG traded down $0.04 during mid-day trading on Friday, reaching $17.03. The company had a trading volume of 13,459,180 shares, compared to its average volume of 15,607,474. 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 $36.39 billion, a price-to-earnings ratio of 16.29 and a beta of 1.32. The company's 50-day moving average price is $16.57 and its 200-day moving average price is $16.88. PG&E Co. has a one year low of $14.71 and a one year high of $18.32.

PG&E (NYSE:PCG - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. PG&E had a net margin of 9.24% and a return on equity of 10.84%. The company had revenue of $5.86 billion for the quarter, compared to analysts' expectations of $6.60 billion. During the same quarter in the previous year, the firm posted $0.29 EPS. PG&E's revenue was down 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that PG&E Co. will post 1.35 EPS for the current fiscal year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. PG&E's payout ratio is 3.81%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PCG. StockNews.com upgraded PG&E from a "sell" rating to a "hold" rating in a research note on Thursday, February 1st. The Goldman Sachs Group began coverage on PG&E in a research note on Wednesday, April 10th. They issued a "buy" rating and a $21.00 target price on the stock. Barclays boosted their target price on PG&E from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on PG&E from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.11.

PG&E Company 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.