Susquehanna Fundamental Investments LLC Buys Shares of 402,476 PG&E Co. (NYSE:PCG)

Susquehanna Fundamental Investments LLC bought a new position in shares of PG&E Co. (NYSE:PCG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 402,476 shares of the utilities provider's stock, valued at approximately $8,122,000.

A number of other institutional investors have also added to or reduced their stakes in PCG. Coldstream Capital Management Inc. increased its position in shares of PG&E by 15.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 13,877 shares of the utilities provider's stock worth $280,000 after purchasing an additional 1,907 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of PG&E by 5.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,617,030 shares of the utilities provider's stock worth $32,632,000 after buying an additional 82,888 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of PG&E by 26.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 40,468 shares of the utilities provider's stock valued at $817,000 after buying an additional 8,478 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of PG&E by 27.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 8,817,600 shares of the utilities provider's stock worth $177,939,000 after acquiring an additional 1,877,800 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its position in PG&E by 198.9% in the fourth quarter. Pinebridge Investments L.P. now owns 207,102 shares of the utilities provider's stock worth $4,179,000 after acquiring an additional 137,810 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BMO Capital Markets cut their price objective on PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Guggenheim lifted their price objective on PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Morgan Stanley restated an "underweight" rating on shares of PG&E in a report on Wednesday, April 23rd. Barclays cut their price target on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Evercore ISI upped their price objective on shares of PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.13.

PG&E Stock Up 0.9 %

PCG stock traded up $0.15 on Thursday, reaching $16.67. 22,417,383 shares of the company traded hands, compared to its average volume of 16,484,476. The firm has a fifty day simple moving average of $16.76 and a 200-day simple moving average of $18.21. The company has a market cap of $44.59 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. PG&E Co. has a one year low of $14.99 and a one year high of $21.72. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00.

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

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 yield of 0.60%. PG&E's payout ratio is currently 9.17%.

Insider Activity at PG&E

In other news, EVP Carla J. Peterman sold 32,521 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total transaction of $532,368.77. Following the sale, the executive vice president now owns 183,635 shares of the company's stock, valued at $3,006,104.95. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 cost of $15.66 per share, with a total value of $100,051.74. Following the transaction, the director now owns 14,864 shares in the company, valued at $232,770.24. This trade represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

PG&E Company Profile

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.