Terril Brothers Inc. Takes $207,000 Position in PG&E Co. (NYSE:PCG)

Terril Brothers Inc. purchased a new stake in PG&E Co. (NYSE:PCG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,280 shares of the utilities provider’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Yelin Lapidot Holdings Management Ltd. bought a new position in PG&E in the fourth quarter valued at approximately $206,000. Wakefield Asset Management LLLP bought a new position in PG&E in the fourth quarter valued at approximately $4,039,000. Proficio Capital Partners LLC bought a new position in PG&E in the fourth quarter valued at approximately $2,175,000. Mn Services Vermogensbeheer B.V. increased its stake in PG&E by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 790,300 shares of the utilities provider’s stock valued at $15,948,000 after acquiring an additional 13,100 shares during the last quarter. Finally, New York Life Investment Management LLC increased its stake in PG&E by 3.0% in the fourth quarter. New York Life Investment Management LLC now owns 323,976 shares of the utilities provider’s stock valued at $6,538,000 after acquiring an additional 9,346 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCG has been the topic of a number of recent analyst reports. Mizuho lifted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Barclays decreased their target price on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. BMO Capital Markets boosted their target price on shares of PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. UBS Group decreased their target price on shares of PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Guggenheim cut shares of PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, PG&E presently has a consensus rating of “Moderate Buy” and an average target price of $22.23.

PG&E Price Performance

PCG stock opened at $16.33 on Friday. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.09 and a beta of 0.99. The company’s fifty day simple moving average is $17.22 and its 200 day simple moving average is $19.05. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. PG&E Co. has a 12-month low of $14.99 and a 12-month high of $21.72.

PG&E (NYSE:PCG) last issued its quarterly earnings results 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 firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. On average, analysts expect that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.025 per share. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.61%. PG&E’s dividend payout ratio is currently 8.70%.

Insider Transactions at PG&E

In other news, Director Arno Lockheart Harris purchased 6,389 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price 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. The trade was a 75.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total value of $1,147,766.30. Following the completion of the transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

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.