Personal CFO Solutions LLC Makes New $246,000 Investment in PG&E Co. (NYSE:PCG)

Personal CFO Solutions LLC purchased a new position in PG&E Co. (NYSE:PCG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,213 shares of the utilities provider’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 626 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of PG&E by 61.5% in the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,506 shares in the last quarter. Huntington National Bank lifted its holdings in shares of PG&E by 32.9% in the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 1,195 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of PG&E by 746.0% in the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 4,819 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of PG&E in the fourth quarter valued at approximately $111,000. Institutional investors own 78.56% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PCG shares. UBS Group dropped their target price on PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Mizuho raised their target price on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Morgan Stanley lowered PG&E from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $20.00 to $16.50 in a report on Friday, February 14th. Barclays dropped their target price on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, BMO Capital Markets raised their target price on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.23.

Insiders Place Their Bets

In other news, Director Arno Lockheart Harris bought 6,389 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $15.66 per share, with a total value of $100,051.74. Following the completion of the transaction, the director now directly owns 14,864 shares of the company’s stock, valued at $232,770.24. This represents a 75.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Carla J. Peterman sold 32,521 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the sale, the executive vice president now directly owns 183,635 shares of the company’s stock, valued at $3,006,104.95. This represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

PG&E Stock Performance

Shares of PG&E stock opened at $15.91 on Tuesday. The business’s fifty day simple moving average is $16.67 and its 200 day simple moving average is $18.94. The firm has a market capitalization of $42.49 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72. 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 (NYSE:PCG) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period last year, the business posted $0.47 earnings per share. As a group, analysts anticipate that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, March 31st. PG&E’s dividend payout ratio is currently 8.70%.

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.