Souders Financial Advisors Has $3.28 Million Holdings in PG&E Co. (NYSE:PCG)

Souders Financial Advisors lifted its stake in shares of PG&E Co. (NYSE:PCG) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,816 shares of the utilities provider’s stock after acquiring an additional 5,966 shares during the quarter. Souders Financial Advisors’ holdings in PG&E were worth $3,279,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. King Street Capital Management L.P. bought a new stake in shares of PG&E in the 2nd quarter worth approximately $1,964,250,000. Massachusetts Financial Services Co. MA increased its stake in shares of PG&E by 17.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 101,910,190 shares of the utilities provider’s stock valued at $1,779,352,000 after buying an additional 14,998,472 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of PG&E in the 4th quarter valued at $142,612,000. Capital International Investors increased its stake in shares of PG&E by 7.1% in the 4th quarter. Capital International Investors now owns 116,093,791 shares of the utilities provider’s stock valued at $2,093,198,000 after buying an additional 7,681,566 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of PG&E by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 282,332,215 shares of the utilities provider’s stock valued at $4,731,888,000 after buying an additional 5,635,693 shares during the period. Institutional investors own 78.56% of the company’s stock.

PG&E Stock Performance

Shares of NYSE:PCG opened at $19.77 on Tuesday. PG&E Co. has a 52 week low of $14.71 and a 52 week high of $20.65. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99. The firm has a fifty day simple moving average of $19.03 and a two-hundred day simple moving average of $18.00. The stock has a market capitalization of $56.92 billion, a P/E ratio of 17.65, a PEG ratio of 1.52 and a beta of 1.01.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.86 billion. PG&E had a net margin of 10.22% and a return on equity of 11.76%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. On average, analysts expect that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. PG&E’s dividend payout ratio (DPR) is presently 3.57%.

Insider Buying and Selling

In other news, VP Stephanie N. Williams sold 38,601 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $18.32, for a total value of $707,170.32. Following the sale, the vice president now directly owns 19,114 shares of the company’s stock, valued at approximately $350,168.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays lifted their target price on PG&E from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. UBS Group lifted their target price on PG&E from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Citigroup lifted their target price on PG&E from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Wells Fargo & Company lifted their target price on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Bank of America began coverage on PG&E in a research note on Thursday, September 12th. They issued a “buy” rating and a $24.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.55.

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.