14,810 Shares in PG&E Co. (NYSE:PCG) Acquired by Strategic Blueprint LLC

Strategic Blueprint LLC acquired a new position in PG&E Co. (NYSE:PCG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,810 shares of the utilities provider’s stock, valued at approximately $267,000.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in PG&E by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider’s stock worth $4,329,416,000 after purchasing an additional 21,731,911 shares during the last quarter. FMR LLC grew its holdings in PG&E by 2.4% during the 3rd quarter. FMR LLC now owns 176,029,931 shares of the utilities provider’s stock worth $2,839,363,000 after acquiring an additional 4,044,631 shares during the period. BlackRock Inc. grew its holdings in PG&E by 12.8% during the 1st quarter. BlackRock Inc. now owns 134,314,990 shares of the utilities provider’s stock worth $2,171,873,000 after acquiring an additional 15,210,198 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in PG&E by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider’s stock worth $1,347,215,000 after acquiring an additional 18,180,432 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in PG&E by 43.6% during the 1st quarter. JPMorgan Chase & Co. now owns 62,502,105 shares of the utilities provider’s stock worth $1,010,660,000 after acquiring an additional 18,984,092 shares during the period. Institutional investors own 78.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays lowered their target price on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. The Goldman Sachs Group assumed coverage on shares of PG&E in a report on Wednesday. They set a “buy” rating and a $21.00 target price for the company. Finally, StockNews.com raised shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.78.

PG&E Price Performance

Shares of PCG stock opened at $16.60 on Friday. PG&E Co. has a 12-month low of $14.71 and a 12-month high of $18.32. The firm has a market capitalization of $35.47 billion, a price-to-earnings ratio of 15.81 and a beta of 1.32. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 2.04. The firm has a fifty day moving average of $16.51 and a 200-day moving average of $16.83.

PG&E (NYSE:PCG) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.43 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. During the same period in the prior year, the business earned $0.26 EPS. On average, equities research analysts forecast that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Wednesday, March 27th. PG&E’s payout ratio is presently 3.81%.

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.