Signaturefd LLC Has $268,000 Stock Holdings in PG&E Co. (NYSE:PCG)

Signaturefd LLC increased its holdings in shares of PG&E Co. (NYSE:PCG) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,278 shares of the utilities provider’s stock after purchasing an additional 1,998 shares during the period. Signaturefd LLC’s holdings in PG&E were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PCG. Versant Capital Management Inc grew its position 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 worth $31,000 after buying an additional 626 shares during the period. UMB Bank n.a. grew its holdings in PG&E by 61.5% in the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after purchasing an additional 1,506 shares during the period. First Horizon Advisors Inc. increased its stake in PG&E by 746.0% in the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 4,819 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of PG&E during the fourth quarter valued at about $111,000. Finally, Brooklyn Investment Group bought a new position in shares of PG&E during the 3rd quarter worth about $115,000. 78.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Arno Lockheart Harris purchased 6,389 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $15.66 per share, with a total value of $100,051.74. Following the acquisition, the director now owns 14,864 shares of the company’s stock, valued at $232,770.24. This trade represents a 75.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the transaction, the executive vice president now directly owns 183,635 shares of the company’s stock, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PCG. Guggenheim downgraded PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. UBS Group cut PG&E from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $19.00 in a report on Wednesday. BMO Capital Markets boosted their price target on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Mizuho lifted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. 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 report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.05.

PG&E Price Performance

PG&E stock opened at $16.91 on Friday. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The company’s 50 day moving average price is $16.16 and its two-hundred day moving average price is $18.79. The stock has a market cap of $45.16 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.09 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86.

PG&E (NYSE:PCG) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same period last year, the company posted $0.47 earnings per share. On average, equities analysts predict that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.025 per share. The ex-dividend date is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.59%. PG&E’s dividend payout ratio (DPR) is presently 8.70%.

PG&E Company Profile

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.