Signaturefd LLC Purchases 1,627 Shares of PG&E Co. (NYSE:PCG)

Signaturefd LLC lifted its position in shares of PG&E Co. (NYSE:PCG) by 20.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,694 shares of the utilities provider’s stock after purchasing an additional 1,627 shares during the period. Signaturefd LLC’s holdings in PG&E were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in PG&E by 8.8% in the third quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider’s stock valued at $4,329,416,000 after acquiring an additional 21,731,911 shares during the last quarter. FMR LLC boosted its holdings in PG&E by 2.4% in the third quarter. FMR LLC now owns 176,029,931 shares of the utilities provider’s stock valued at $2,839,363,000 after acquiring an additional 4,044,631 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in PG&E by 27.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider’s stock valued at $1,347,215,000 after acquiring an additional 18,180,432 shares during the last quarter. Third Point LLC boosted its holdings in PG&E by 5.3% in the third quarter. Third Point LLC now owns 56,860,000 shares of the utilities provider’s stock valued at $917,152,000 after acquiring an additional 2,860,000 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in PG&E by 21.7% in the third quarter. Northern Trust Corp now owns 18,270,915 shares of the utilities provider’s stock valued at $294,710,000 after acquiring an additional 3,258,363 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

PG&E Price Performance

Shares of PCG opened at $17.03 on Monday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.93 and a current ratio of 0.99. PG&E Co. has a 52-week low of $14.71 and a 52-week high of $18.32. The business’s 50 day moving average price is $16.58 and its two-hundred day moving average price is $16.90. The firm has a market cap of $36.39 billion, a PE ratio of 15.21 and a beta of 1.32.

PG&E (NYSE:PCG) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. PG&E had a return on equity of 11.32% and a net margin of 10.05%. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. PG&E’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that PG&E Co. will post 1.35 EPS for the current year.

PG&E Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 27th. PG&E’s payout ratio is 3.57%.

Wall Street Analysts Forecast Growth

PCG has been the topic of several analyst reports. StockNews.com upgraded PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. upped their target price on PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. The Goldman Sachs Group began coverage on PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Barclays boosted their price target on PG&E from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.11.

PG&E 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.