Greenleaf Trust Boosts Holdings in PG&E Co. (NYSE:PCG)

Greenleaf Trust raised its holdings in PG&E Co. (NYSE:PCG) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,014 shares of the utilities provider’s stock after purchasing an additional 1,977 shares during the period. Greenleaf Trust’s holdings in PG&E were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Planned Solutions Inc. acquired a new stake in shares of PG&E during the fourth quarter valued at $37,000. AdvisorNet Financial Inc boosted its stake in shares of PG&E by 470.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,442 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 2,014 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of PG&E during the 4th quarter worth about $43,000. Millburn Ridgefield Corp purchased a new stake in shares of PG&E during the third quarter worth about $44,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of PG&E in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PCG shares. Barclays lowered their target price on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. The Goldman Sachs Group started coverage on PG&E in a research report on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price objective for the company. StockNews.com upgraded PG&E from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted their price target on PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.89.

PG&E Stock Performance

Shares of NYSE:PCG opened at $17.00 on Thursday. The business has a 50-day moving average of $16.56 and a two-hundred day moving average of $16.88. The firm has a market capitalization of $36.33 billion, a PE ratio of 16.19 and a beta of 1.32. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78. PG&E Co. has a 12 month low of $14.71 and a 12 month high of $18.32.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $7.04 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.26 EPS. As a group, research analysts forecast that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The business also recently announced 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 was Wednesday, March 27th. PG&E’s payout ratio is 3.81%.

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.