Natixis Advisors L.P. Grows Position in PG&E Co. (NYSE:PCG)

Natixis Advisors L.P. grew its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,153,670 shares of the utilities provider's stock after buying an additional 224,352 shares during the quarter. Natixis Advisors L.P.'s holdings in PG&E were worth $20,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in PG&E by 3.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 35,804 shares of the utilities provider's stock worth $578,000 after purchasing an additional 1,156 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in PG&E by 50.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 57,852 shares of the utilities provider's stock valued at $933,000 after acquiring an additional 19,480 shares during the period. Robeco Institutional Asset Management B.V. grew its position in PG&E by 10.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 220,390 shares of the utilities provider's stock valued at $3,555,000 after acquiring an additional 20,867 shares during the period. Raymond James & Associates lifted its stake in shares of PG&E by 14.8% during the third quarter. Raymond James & Associates now owns 792,097 shares of the utilities provider's stock valued at $12,777,000 after acquiring an additional 102,171 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of PG&E by 16.4% during the third quarter. Bank of New York Mellon Corp now owns 12,627,141 shares of the utilities provider's stock valued at $203,676,000 after acquiring an additional 1,778,535 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PCG. The Goldman Sachs Group began coverage on PG&E in a report on Wednesday, April 10th. They issued a "buy" rating and a $21.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on PG&E from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Tuesday, April 23rd. StockNews.com upgraded PG&E from a "sell" rating to a "hold" rating in a report on Thursday, February 1st. Finally, Barclays upped their price objective on PG&E from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, April 26th. Four equities research 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.11.

PG&E Trading Up 0.6 %

PCG traded up $0.10 during midday trading on Monday, hitting $17.67. 11,721,807 shares of the company were exchanged, compared to its average volume of 15,346,275. The firm has a market capitalization of $50.88 billion, a P/E ratio of 15.69 and a beta of 1.26. PG&E Co. has a 1-year low of $14.71 and a 1-year high of $18.32. The firm's 50 day moving average price is $16.65 and its 200-day moving average price is $16.94. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 2.08.

PG&E (NYSE:PCG - Get Free Report) last announced its earnings results on Thursday, April 25th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $6.60 billion. PG&E had a return on equity of 11.32% and a net margin of 10.05%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. As a group, equities analysts forecast that PG&E Co. will post 1.35 EPS for the current fiscal year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. PG&E's dividend payout ratio (DPR) is currently 3.57%.

Insider Buying and Selling at PG&E

In other news, CEO Patricia K. Poppe sold 59,000 shares of the business's stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $17.08, for a total transaction of $1,007,720.00. Following the completion of the sale, the chief executive officer now directly owns 1,515,777 shares of the company's stock, valued at $25,889,471.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.15% of the company's stock.

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.