Elo Mutual Pension Insurance Co Acquires 4,463 Shares of PG&E Co. (NYSE:PCG)

Elo Mutual Pension Insurance Co lifted its holdings in shares of PG&E Co. (NYSE:PCG) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,746 shares of the utilities provider’s stock after acquiring an additional 4,463 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in PG&E were worth $4,192,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PCG. Versant Capital Management Inc increased its holdings 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 purchasing an additional 626 shares during the last quarter. Baker Tilly Wealth Management LLC grew its stake in PG&E by 4.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock valued at $330,000 after buying an additional 715 shares during the last quarter. Continuum Advisory LLC raised its holdings in PG&E by 11.4% in the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 769 shares during the period. iA Global Asset Management Inc. lifted its position in PG&E by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider’s stock worth $624,000 after acquiring an additional 812 shares during the last quarter. Finally, Clarius Group LLC boosted its holdings in shares of PG&E by 8.2% during the fourth quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 833 shares during the period. Institutional investors own 78.56% of the company’s stock.

Insiders Place Their Bets

In other news, Director Arno Lockheart Harris purchased 6,389 shares of PG&E stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares in the company, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carla J. Peterman sold 32,521 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

PG&E Stock Down 0.5 %

NYSE PCG opened at $17.15 on Friday. The business has a fifty day moving average price of $16.21 and a two-hundred day moving average price of $18.70. The stock has a market capitalization of $45.81 billion, a PE ratio of 14.91, a PEG ratio of 1.09 and a beta of 1.04. PG&E Co. has a fifty-two week low of $14.99 and a fifty-two week 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.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same period last year, the firm posted $0.47 earnings per share. Equities analysts expect that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The business 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. The ex-dividend date is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. PG&E’s dividend payout ratio is currently 8.70%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their target price on PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their target price on PG&E from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Thursday, March 20th. UBS Group cut shares of PG&E from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $22.00 price target on shares of PG&E in a research report on Wednesday, February 12th. Finally, 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 report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.05.

PG&E Profile

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.