PG&E Co. (NYSE:PCG) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of PG&E Co. (NYSE:PCG) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,394 shares of the utilities provider’s stock after selling 7,961 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in PG&E were worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCG. Contravisory Investment Management Inc. increased its stake in PG&E by 3.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 33,464 shares of the utilities provider’s stock valued at $584,000 after purchasing an additional 1,164 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of PG&E by 4.3% during the second quarter. NBC Securities Inc. now owns 152,375 shares of the utilities provider’s stock worth $2,660,000 after purchasing an additional 6,239 shares during the last quarter. CWM LLC boosted its holdings in shares of PG&E by 53.1% during the second quarter. CWM LLC now owns 39,006 shares of the utilities provider’s stock worth $681,000 after purchasing an additional 13,524 shares during the last quarter. DNB Asset Management AS boosted its holdings in PG&E by 6.7% in the second quarter. DNB Asset Management AS now owns 458,875 shares of the utilities provider’s stock valued at $8,012,000 after acquiring an additional 28,649 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in PG&E by 48.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,596 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 1,179 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Stock Up 0.4 %

Shares of NYSE PCG traded up $0.08 during mid-day trading on Friday, reaching $18.20. The company had a trading volume of 9,848,274 shares, compared to its average volume of 14,226,961. PG&E Co. has a twelve month low of $14.71 and a twelve month high of $18.95. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.86 and a current ratio of 0.90. The stock has a market capitalization of $52.40 billion, a PE ratio of 16.25 and a beta of 1.09. The stock’s 50 day moving average is $17.91 and its 200-day moving average is $17.29.

PG&E (NYSE:PCG) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. PG&E had a net margin of 10.22% and a return on equity of 11.76%. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same period in the prior year, the business posted $0.23 earnings per share. PG&E’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities analysts anticipate that PG&E Co. will post 1.35 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Friday, June 28th. PG&E’s dividend payout ratio (DPR) is presently 3.57%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PCG. Barclays raised their price objective on PG&E from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley decreased their target price on PG&E from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. JPMorgan Chase & Co. upgraded PG&E from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $22.00 in a research report on Monday, June 10th. Citigroup boosted their target price on PG&E from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Finally, Wells Fargo & Company upped their price target on PG&E from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PG&E presently has an average rating of “Moderate Buy” and a consensus price target of $20.44.

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.