Quadcap Wealth Management LLC Has $749,000 Stock Position in PG&E Co. (NYSE:PCG)

Quadcap Wealth Management LLC boosted its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 141.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,117 shares of the utilities provider's stock after purchasing an additional 21,760 shares during the quarter. Quadcap Wealth Management LLC's holdings in PG&E were worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PCG. New York State Teachers Retirement System raised its holdings in shares of PG&E by 8.2% in the 4th quarter. New York State Teachers Retirement System now owns 1,974,070 shares of the utilities provider's stock valued at $39,837,000 after buying an additional 148,860 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in shares of PG&E during the 4th quarter worth $514,000. Atria Wealth Solutions Inc. bought a new stake in shares of PG&E during the 4th quarter worth $466,000. Merit Financial Group LLC purchased a new stake in shares of PG&E in the fourth quarter valued at $336,000. Finally, Mediolanum International Funds Ltd lifted its holdings in shares of PG&E by 327.7% in the fourth quarter. Mediolanum International Funds Ltd now owns 167,580 shares of the utilities provider's stock valued at $3,365,000 after purchasing an additional 128,396 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

Insider Activity

In related news, EVP Carla J. Peterman sold 32,519 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $17.30, for a total transaction of $562,578.70. Following the sale, the executive vice president now owns 151,116 shares in the company, valued at approximately $2,614,306.80. This trade represents a 17.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arno Lockheart Harris bought 6,389 shares of the business's stock in a transaction on Thursday, February 20th. The stock was bought at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the transaction, the director now directly owns 14,864 shares of the company's stock, valued at approximately $232,770.24. This represents a 75.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PCG shares. Barclays cut their price objective on PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $24.00 price target on shares of PG&E in a research report on Friday, April 25th. Morgan Stanley reaffirmed an "underweight" rating on shares of PG&E in a report on Wednesday, April 23rd. Guggenheim lifted their target price on shares of PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.71.

PG&E Trading Down 0.6%

Shares of PCG stock traded down $0.11 on Wednesday, hitting $17.64. The stock had a trading volume of 3,331,710 shares, compared to its average volume of 16,396,946. The firm has a market cap of $47.18 billion, a P/E ratio of 15.33, a PEG ratio of 1.09 and a beta of 0.63. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The company has a fifty day moving average price of $17.06 and a two-hundred day moving average price of $17.89.

PG&E (NYSE:PCG - Get Free Report) last announced its earnings results on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). PG&E had a return on equity of 10.94% and a net margin of 10.27%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same period in the previous year, the company posted $0.37 earnings per share. PG&E's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts forecast that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. PG&E's payout ratio is 9.17%.

About PG&E

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.