Moss Adams Wealth Advisors LLC Invests $207,000 in PG&E Co. (NYSE:PCG)

Moss Adams Wealth Advisors LLC acquired a new stake in shares of PG&E Co. (NYSE:PCG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,274 shares of the utilities provider’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in PG&E by 68.3% during the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 626 shares during the period. William B. Walkup & Associates Inc. purchased a new position in shares of PG&E during the 2nd quarter valued at about $74,000. Blue Trust Inc. grew its stake in shares of PG&E by 77.7% during the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after acquiring an additional 1,834 shares during the period. Catalyst Capital Advisors LLC increased its holdings in PG&E by 98.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 2,154 shares in the last quarter. Finally, Huntington National Bank raised its stake in PG&E by 32.9% during the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 1,195 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PCG. Jefferies Financial Group started coverage on shares of PG&E in a research report on Monday, October 14th. They issued a “buy” rating and a $24.00 price target for the company. Morgan Stanley upped their target price on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Mizuho raised their price target on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Barclays dropped their price objective on PG&E from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, BMO Capital Markets initiated coverage on PG&E in a research note on Monday, January 13th. They set an “outperform” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.64.

Insider Buying and Selling at PG&E

In other news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the sale, the chief executive officer now owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

PG&E Stock Up 0.4 %

NYSE PCG opened at $17.02 on Monday. The stock has a 50 day moving average price of $19.99 and a 200-day moving average price of $19.48. PG&E Co. has a one year low of $15.94 and a one year high of $21.72. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04. The company has a market capitalization of $44.51 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.20 and a beta of 0.98.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the business earned $0.24 earnings per share. PG&E’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts predict that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.025 per share. This is a boost from PG&E’s previous quarterly dividend of $0.01. This represents a $0.10 annualized dividend and a yield of 0.59%. The ex-dividend date was Tuesday, December 31st. PG&E’s payout ratio is presently 7.81%.

About PG&E

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.