Signaturefd LLC Has $175,000 Stock Holdings in PG&E Co. (NYSE:PCG)

Signaturefd LLC lifted its position in PG&E Co. (NYSE:PCG) by 20.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,694 shares of the utilities provider’s stock after purchasing an additional 1,627 shares during the quarter. Signaturefd LLC’s holdings in PG&E were worth $175,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Lindbrook Capital LLC grew its holdings in shares of PG&E by 6.7% in the 4th quarter. Lindbrook Capital LLC now owns 16,431 shares of the utilities provider’s stock worth $296,000 after purchasing an additional 1,038 shares during the last quarter. abrdn plc grew its holdings in shares of PG&E by 78.1% in the 4th quarter. abrdn plc now owns 899,387 shares of the utilities provider’s stock worth $16,216,000 after purchasing an additional 394,414 shares during the last quarter. Greenleaf Trust grew its holdings in shares of PG&E by 15.2% in the 4th quarter. Greenleaf Trust now owns 15,014 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 1,977 shares during the last quarter. Xponance Inc. grew its holdings in shares of PG&E by 26.9% in the 4th quarter. Xponance Inc. now owns 439,694 shares of the utilities provider’s stock worth $7,928,000 after purchasing an additional 93,296 shares during the last quarter. Finally, AIA Group Ltd bought a new stake in shares of PG&E in the 4th quarter worth about $1,401,000. Institutional investors own 78.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PCG shares. Barclays upped their target price on shares of PG&E from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of PG&E from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group started coverage on shares of PG&E in a report on Wednesday, April 10th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, StockNews.com raised shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

PG&E Stock Performance

PG&E stock opened at $17.03 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 2.08. PG&E Co. has a 1 year low of $14.71 and a 1 year high of $18.32. The company has a market cap of $36.39 billion, a PE ratio of 15.21 and a beta of 1.32. The company’s 50-day moving average is $16.58 and its two-hundred day moving average is $16.90.

PG&E (NYSE:PCG) last released its earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $6.60 billion. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. Equities analysts anticipate that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.23%. PG&E’s dividend payout ratio is 3.57%.

PG&E Company 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.