Natixis Advisors LLC Acquires 111,450 Shares of PG&E Co. (NYSE:PCG)

Natixis Advisors LLC grew its holdings in PG&E Co. (NYSE:PCG) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,553,863 shares of the utilities provider’s stock after acquiring an additional 111,450 shares during the quarter. Natixis Advisors LLC owned 0.06% of PG&E worth $31,357,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 626 shares during the period. UMB Bank n.a. boosted its position 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 acquiring an additional 1,506 shares during the period. Huntington National Bank lifted its position in PG&E by 32.9% during the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 1,195 shares during the period. First Horizon Advisors Inc. lifted its position in PG&E by 746.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 4,819 shares during the period. Finally, Sierra Ocean LLC bought a new stake in PG&E during the fourth quarter worth about $111,000. Institutional investors own 78.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PCG shares. Mizuho upped their price objective on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays cut their price objective on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. BMO Capital Markets upped their price objective on shares of PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Morgan Stanley cut shares of PG&E from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $20.00 to $16.50 in a research report on Friday, February 14th. Finally, Guggenheim downgraded PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, PG&E has a consensus rating of “Moderate Buy” and a consensus target price of $22.23.

Insider Activity

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

PG&E Stock Performance

PG&E stock opened at $16.81 on Monday. The business has a 50 day moving average of $16.36 and a 200-day moving average of $18.87. PG&E Co. has a 1 year low of $14.99 and a 1 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. The company has a market capitalization of $44.89 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.09 and a beta of 1.04.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, equities research analysts predict 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 will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.60%. 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.