Capital Performance Advisors LLP Invests $239,000 in PG&E Co. (NYSE:PCG)

Capital Performance Advisors LLP purchased a new position in shares of PG&E Co. (NYSE:PCG) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 12,081 shares of the utilities provider’s stock, valued at approximately $239,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of PG&E in the 2nd quarter valued at approximately $30,000. UMB Bank n.a. lifted its holdings in shares of PG&E by 84.7% during the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 1,011 shares during the period. Blue Trust Inc. grew its position in PG&E by 77.0% in the 2nd quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock valued at $40,000 after buying an additional 1,027 shares during the last quarter. Plato Investment Management Ltd acquired a new position in PG&E in the 2nd quarter valued at $44,000. Finally, Massmutual Trust Co. FSB ADV raised its position in PG&E by 48.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,596 shares of the utilities provider’s stock worth $63,000 after buying an additional 1,179 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Price Performance

PCG traded up $0.22 during midday trading on Friday, reaching $20.58. 1,444,690 shares of the company’s stock were exchanged, compared to its average volume of 13,749,613. PG&E Co. has a 1-year low of $15.94 and a 1-year high of $20.93. The stock has a market capitalization of $53.82 billion, a PE ratio of 17.42, a P/E/G ratio of 1.53 and a beta of 1.03. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.86. The business’s 50-day moving average price is $20.01 and its 200 day moving average price is $18.71.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $6.58 billion. PG&E had a return on equity of 11.76% and a net margin of 10.22%. PG&E’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, equities analysts anticipate that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Monday, September 30th. PG&E’s dividend payout ratio is presently 3.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PCG. Bank of America initiated coverage on shares of PG&E in a report on Thursday, September 12th. They issued a “buy” rating and a $24.00 target price on the stock. Wells Fargo & Company boosted their target price on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Jefferies Financial Group initiated coverage on PG&E in a report on Monday, October 14th. They issued a “buy” rating and a $24.00 price target for the company. Barclays upped their price objective on PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Morgan Stanley boosted their target price on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.80.

Insider Activity at PG&E

In other news, VP Stephanie N. Williams sold 38,601 shares of PG&E stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.32, for a total transaction of $707,170.32. Following the completion of the sale, the vice president now directly owns 19,114 shares in the company, valued at $350,168.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by corporate 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.