Stratos Wealth Partners LTD. Acquires New Holdings in PG&E Co. (NYSE:PCG)

Stratos Wealth Partners LTD. bought a new position in PG&E Co. (NYSE:PCG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,187 shares of the utilities provider’s stock, valued at approximately $184,000.

Other large investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in shares of PG&E by 0.9% in the 4th quarter. New York State Teachers Retirement System now owns 1,751,100 shares of the utilities provider’s stock worth $31,572,000 after buying an additional 16,062 shares during the last quarter. Allworth Financial LP boosted its position in PG&E by 6.8% in the fourth quarter. Allworth Financial LP now owns 248,232 shares of the utilities provider’s stock worth $4,476,000 after purchasing an additional 15,898 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of PG&E by 84.9% during the 4th quarter. International Assets Investment Management LLC now owns 5,589 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 2,566 shares during the period. Chevy Chase Trust Holdings LLC grew its stake in shares of PG&E by 1.4% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 1,191,795 shares of the utilities provider’s stock valued at $21,488,000 after purchasing an additional 16,301 shares during the period. Finally, Arizona State Retirement System increased its position in shares of PG&E by 7.7% during the 4th quarter. Arizona State Retirement System now owns 556,985 shares of the utilities provider’s stock valued at $10,042,000 after purchasing an additional 39,721 shares during the last quarter. Institutional investors own 78.56% of the company’s stock.

PG&E Price Performance

Shares of NYSE:PCG opened at $16.03 on Wednesday. The company has a market capitalization of $34.26 billion, a P/E ratio of 15.27 and a beta of 1.32. PG&E Co. has a 1-year low of $14.71 and a 1-year high of $18.32. The firm’s 50 day simple moving average is $16.51 and its two-hundred day simple moving average is $16.83. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $7.04 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.26 EPS. Research analysts expect that PG&E Co. will post 1.35 EPS for the current fiscal year.

PG&E Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.25%. PG&E’s payout ratio is 3.81%.

Analysts Set New Price Targets

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