PG&E Co. (NYSE:PCG) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in PG&E Co. (NYSE:PCG) by 26.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,442,413 shares of the utilities provider’s stock after acquiring an additional 300,651 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of PG&E worth $28,517,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Rothschild Investment LLC purchased a new position in shares of PG&E during the second quarter valued at $30,000. UMB Bank n.a. grew its holdings in shares of PG&E by 84.7% during the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock valued at $38,000 after buying an additional 1,011 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of PG&E by 77.0% during the second quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock valued at $40,000 after buying an additional 1,027 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of PG&E during the second quarter valued at $44,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of PG&E by 48.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,596 shares of the utilities provider’s stock valued at $63,000 after buying an additional 1,179 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

PG&E Price Performance

Shares of NYSE:PCG opened at $21.05 on Tuesday. PG&E Co. has a fifty-two week low of $15.94 and a fifty-two week high of $21.51. The business has a 50-day moving average of $20.12 and a two-hundred day moving average of $18.90. The stock has a market capitalization of $55.05 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.62 and a beta of 1.03. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99.

PG&E (NYSE:PCG) last announced 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 company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.19%. PG&E’s dividend payout ratio is presently 3.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group lifted their price target on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley lifted their price target on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Barclays boosted their target price on PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their target price on PG&E from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group initiated coverage on PG&E in a research note on Monday, October 14th. They issued a “buy” rating and a $24.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.80.

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.