Oak Thistle LLC Acquires Shares of 47,058 PG&E Co. (NYSE:PCG)

Oak Thistle LLC bought a new position in shares of PG&E Co. (NYSE:PCG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,058 shares of the utilities provider’s stock, valued at approximately $950,000.

A number of other large investors have also recently modified their holdings of PCG. Versant Capital Management Inc lifted its position in shares of PG&E by 68.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock worth $31,000 after buying an additional 626 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of PG&E by 77.7% in the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,834 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of PG&E in the 2nd quarter valued at approximately $74,000. Catalyst Capital Advisors LLC grew its holdings in shares of PG&E by 98.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 2,154 shares during the last quarter. Finally, Huntington National Bank increased its position in PG&E by 32.9% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Trading Up 3.9 %

NYSE:PCG opened at $16.86 on Thursday. PG&E Co. has a 52 week low of $15.94 and a 52 week high of $21.72. The firm’s fifty day moving average is $20.13 and its 200-day moving average is $19.47. The firm has a market cap of $44.09 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.51 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04.

PG&E (NYSE:PCG) last issued its quarterly earnings results 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the business posted $0.24 EPS. The business’s revenue was up .9% compared to the same quarter last year. Equities analysts expect that PG&E Co. will post 1.36 earnings per share for the current year.

PG&E Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.025 dividend. This is an increase from PG&E’s previous quarterly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Tuesday, December 31st. PG&E’s payout ratio is presently 7.81%.

Analysts Set New Price Targets

A number of research firms have weighed in on PCG. Morgan Stanley boosted their target price on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. BMO Capital Markets began coverage on PG&E in a report on Monday. They issued an “outperform” rating and a $21.00 target price for the company. Barclays cut their price target on PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. UBS Group lowered their price objective on PG&E from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Jefferies Financial Group began coverage on shares of PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.64.

Insider Buying and Selling at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of PG&E stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the completion of the sale, the chief executive officer now owns 1,460,222 shares in the company, valued at $30,168,186.52. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.15% of the company’s stock.

PG&E Profile

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.