Jump Financial LLC Purchases 13,362 Shares of PG&E Co. (NYSE:PCG)

Jump Financial LLC boosted its position in PG&E Co. (NYSE:PCG) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,100 shares of the utilities provider’s stock after buying an additional 13,362 shares during the quarter. Jump Financial LLC’s holdings in PG&E were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Czech National Bank raised its position in PG&E by 8.9% in the 4th quarter. Czech National Bank now owns 474,013 shares of the utilities provider’s stock worth $9,566,000 after purchasing an additional 38,590 shares during the period. New York State Teachers Retirement System grew its stake in shares of PG&E by 8.2% during the fourth quarter. New York State Teachers Retirement System now owns 1,974,070 shares of the utilities provider’s stock valued at $39,837,000 after buying an additional 148,860 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of PG&E in the fourth quarter worth about $514,000. Atria Wealth Solutions Inc. bought a new stake in shares of PG&E in the 4th quarter valued at about $466,000. Finally, Merit Financial Group LLC purchased a new stake in PG&E during the 4th quarter valued at about $336,000. 78.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays lowered their price objective on PG&E from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley increased their price target on shares of PG&E from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Thursday, March 20th. BMO Capital Markets decreased their price objective on shares of PG&E from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. UBS Group downgraded shares of PG&E from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. Finally, Guggenheim cut PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.95.

Insider Activity

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

PG&E Stock Up 0.3 %

Shares of NYSE:PCG opened at $17.23 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. The firm has a market capitalization of $46.02 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.09 and a beta of 0.70. The stock has a 50 day moving average price of $16.51 and a 200-day moving average price of $18.35.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $6.63 billion during 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 quarter last year, the firm posted $0.47 earnings per share. As a group, equities research analysts anticipate that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Monday, March 31st. PG&E’s dividend payout ratio (DPR) is presently 8.70%.

PG&E 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.