PG&E Co. (NYSE:PCG) Shares Purchased by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP raised its stake in shares of PG&E Co. (NYSE:PCG) by 28.5% during the third quarter, HoldingsChannel reports. The firm owned 619,630 shares of the utilities provider’s stock after purchasing an additional 137,271 shares during the quarter. PG&E makes up about 0.3% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 26th largest position. Kayne Anderson Capital Advisors LP’s holdings in PG&E were worth $12,250,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PCG shares. UBS Group lifted their price objective on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Barclays raised their price target on shares of PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Bank of America initiated coverage on shares of PG&E in a research note on Thursday, September 12th. They set a “buy” rating and a $24.00 target price on the stock. Morgan Stanley lifted their price target on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company increased their price target on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.80.

PG&E Trading Up 0.2 %

Shares of PG&E stock opened at $21.04 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $20.12 and its 200-day simple moving average is $18.89. The stock has a market cap of $55.03 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.62 and a beta of 1.03. PG&E Co. has a 1-year low of $15.94 and a 1-year high of $21.51.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts predict that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.19%. PG&E’s dividend payout ratio (DPR) is 3.13%.

About PG&E

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.