VCI Wealth Management LLC Takes $692,000 Position in PG&E Co. (NYSE:PCG)

VCI Wealth Management LLC bought a new stake in shares of PG&E Co. (NYSE:PCG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,299 shares of the utilities provider’s stock, valued at approximately $692,000.

Several other institutional investors have also recently made changes to their positions in PCG. Versant Capital Management Inc increased its holdings 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 valued at $31,000 after purchasing an additional 626 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in PG&E in the 2nd quarter valued at $74,000. UMB Bank n.a. grew its stake in PG&E by 61.5% in the 4th 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. Blue Trust Inc. grew its stake in 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 acquiring an additional 1,834 shares during the period. Finally, Catalyst Capital Advisors LLC grew its stake in PG&E by 98.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 2,154 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Stock Performance

Shares of PCG opened at $16.29 on Tuesday. The company has a market capitalization of $42.59 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. PG&E Co. has a 52-week low of $15.94 and a 52-week high of $21.72. The stock has a 50 day moving average price of $19.55 and a 200 day moving average price of $19.46. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.02.

PG&E (NYSE:PCG) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. PG&E had a return on equity of 12.51% and a net margin of 11.11%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. Research analysts predict that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Increases Dividend

The company 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 a positive change from PG&E’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.10 annualized dividend and a yield of 0.61%. PG&E’s dividend payout ratio is 7.81%.

Insider Buying and Selling at PG&E

In related news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the sale, the chief executive officer now owns 1,460,222 shares of the company’s stock, valued at $30,168,186.52. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PCG has been the topic of a number of research analyst reports. Mizuho lifted their price target 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. Jefferies Financial Group initiated coverage on shares of PG&E in a research note on Monday, October 14th. They set a “buy” rating and a $24.00 target price on the stock. BMO Capital Markets initiated coverage on shares of PG&E in a research note on Monday, January 13th. They set an “outperform” rating and a $21.00 target price on the stock. UBS Group lowered their target price on shares of PG&E from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Barclays lowered 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.55.

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.