Everpar Advisors LLC Invests $985,000 in PG&E Co. (NYSE:PCG)

Everpar Advisors LLC bought a new stake in PG&E Co. (NYSE:PCG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 54,604 shares of the utilities provider's stock, valued at approximately $985,000.

Several other institutional investors have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in PG&E during the 4th quarter valued at $37,000. CVA Family Office LLC bought a new stake in shares of PG&E in the fourth quarter valued at about $43,000. Millburn Ridgefield Corp acquired a new stake in PG&E during the third quarter worth about $44,000. Catalyst Capital Advisors LLC bought a new position in PG&E during the third quarter valued at about $44,000. Finally, Headlands Technologies LLC acquired a new position in PG&E in the 3rd quarter valued at approximately $47,000. Institutional investors own 78.56% of the company's stock.

PG&E Stock Up 0.6 %

Shares of NYSE PCG traded up $0.11 during midday trading on Wednesday, reaching $17.84. The company's stock had a trading volume of 11,404,402 shares, compared to its average volume of 15,240,472. The stock has a 50 day simple moving average of $16.73 and a 200-day simple moving average of $16.97. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $51.37 billion, a price-to-earnings ratio of 15.93 and a beta of 1.26. PG&E Co. has a fifty-two week low of $14.71 and a fifty-two week high of $18.32.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $5.86 billion for the quarter, compared to analysts' expectations of $6.60 billion. PG&E had a return on equity of 11.32% and a net margin of 10.05%. The business's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. Equities research analysts predict that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.22%. PG&E's dividend payout ratio (DPR) is presently 3.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group started coverage on shares of PG&E in a research note on Wednesday, April 10th. They set a "buy" rating and a $21.00 price target on the stock. StockNews.com raised PG&E from a "sell" rating to a "hold" rating in a report on Thursday, February 1st. JPMorgan Chase & Co. upped their target price on shares of PG&E from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Tuesday, April 23rd. Finally, Barclays increased their target price on shares of PG&E from $20.00 to $21.00 and gave the stock an "overweight" rating in a research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.11.

Insider Activity

In related news, CEO Patricia K. Poppe sold 59,000 shares of PG&E stock in a transaction that occurred on Tuesday, April 30th. The stock was 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 approximately $25,889,471.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.15% of the stock is owned by company insiders.

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.

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