Mutual of America Capital Management LLC Lowers Stock Position in PG&E Co. (NYSE:PCG)

Mutual of America Capital Management LLC lessened its stake in shares of PG&E Co. (NYSE:PCG) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 284,711 shares of the utilities provider’s stock after selling 7,204 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PG&E were worth $5,133,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of PG&E by 44.3% in the first quarter. Raymond James & Associates now owns 337,858 shares of the utilities provider’s stock valued at $4,034,000 after purchasing an additional 103,767 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of PG&E by 86.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 146,663 shares of the utilities provider’s stock valued at $1,751,000 after purchasing an additional 67,898 shares during the period. American Century Companies Inc. boosted its stake in shares of PG&E by 190.4% in the first quarter. American Century Companies Inc. now owns 183,755 shares of the utilities provider’s stock valued at $2,194,000 after purchasing an additional 120,468 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of PG&E by 3.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,636 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 1,122 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new position in shares of PG&E in the first quarter valued at approximately $154,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

PG&E Stock Up 0.8 %

PCG stock opened at $16.60 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 2.04. PG&E Co. has a twelve month low of $14.71 and a twelve month high of $18.32. The company’s 50 day moving average is $16.51 and its two-hundred day moving average is $16.83. The stock has a market cap of $35.47 billion, a P/E ratio of 15.81 and a beta of 1.32.

PG&E (NYSE:PCG) last released its quarterly earnings data 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. PG&E had a net margin of 9.24% and a return on equity of 10.84%. The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter last year, the company earned $0.26 earnings per share. Research analysts expect that PG&E Co. will post 1.35 earnings per share for the current fiscal year.

PG&E Dividend Announcement

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

Analysts Set New Price Targets

PCG has been the subject of several recent research reports. The Goldman Sachs Group started coverage on shares of PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price objective for the company. Barclays decreased their price target on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Finally, StockNews.com upgraded shares of PG&E from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PG&E has a consensus rating of “Moderate Buy” and an average price target of $18.78.

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.