Daiwa Securities Group Inc. Has $4.46 Million Stock Holdings in PG&E Co. (NYSE:PCG)

Daiwa Securities Group Inc. boosted its stake in PG&E Co. (NYSE:PCG) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 247,181 shares of the utilities provider’s stock after purchasing an additional 16,723 shares during the quarter. Daiwa Securities Group Inc.’s holdings in PG&E were worth $4,456,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PCG. Raymond James & Associates grew its holdings in PG&E by 44.3% in the first quarter. Raymond James & Associates now owns 337,858 shares of the utilities provider’s stock worth $4,034,000 after purchasing an additional 103,767 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of PG&E by 86.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 146,663 shares of the utilities provider’s stock valued at $1,751,000 after buying an additional 67,898 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of PG&E by 190.4% during the first quarter. American Century Companies Inc. now owns 183,755 shares of the utilities provider’s stock valued at $2,194,000 after buying an additional 120,468 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of PG&E by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,636 shares of the utilities provider’s stock valued at $366,000 after buying an additional 1,122 shares during the last quarter. Finally, Cetera Advisor Networks LLC acquired a new position in shares of PG&E during the first quarter valued at about $154,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

PG&E Stock Performance

Shares of PCG stock opened at $16.85 on Friday. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 16.04 and a beta of 1.32. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.78 and a current ratio of 0.83. PG&E Co. has a 52 week low of $14.71 and a 52 week high of $18.32. The firm’s 50-day simple moving average is $16.51 and its two-hundred day simple moving average is $16.82.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.43 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. During the same quarter in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts forecast that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 27th. PG&E’s dividend payout ratio (DPR) is currently 3.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Barclays reduced their price objective on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. Finally, The Goldman Sachs Group began coverage on shares of PG&E in a report on Wednesday, April 10th. They set a “buy” rating and a $21.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, PG&E currently has a consensus rating of “Moderate Buy” and an average price target of $18.78.

About PG&E

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.