Signaturefd LLC Purchases 1,009 Shares of PG&E Co. (NYSE:PCG)

Signaturefd LLC grew its position in PG&E Co. (NYSE:PCG) by 9.8% during the third quarter, HoldingsChannel reports. The firm owned 11,280 shares of the utilities provider’s stock after buying an additional 1,009 shares during the quarter. Signaturefd LLC’s holdings in PG&E were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Axxcess Wealth Management LLC raised its position in shares of PG&E by 3.5% in the first quarter. Axxcess Wealth Management LLC now owns 18,217 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 614 shares during the period. Ballentine Partners LLC grew its stake in shares of PG&E by 3.1% in the second quarter. Ballentine Partners LLC now owns 22,458 shares of the utilities provider’s stock worth $392,000 after acquiring an additional 666 shares during the last quarter. Alta Advisers Ltd grew its stake in shares of PG&E by 19.5% in the second quarter. Alta Advisers Ltd now owns 4,900 shares of the utilities provider’s stock worth $86,000 after acquiring an additional 800 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of PG&E by 14.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,830 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 863 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of PG&E by 8.0% in the first quarter. Meeder Advisory Services Inc. now owns 12,363 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 917 shares during the last quarter. Institutional investors own 78.56% of the company’s stock.

PG&E Stock Down 1.5 %

Shares of NYSE PCG opened at $20.36 on Friday. The stock has a market cap of $53.25 billion, a PE ratio of 17.40, a PEG ratio of 1.58 and a beta of 1.01. The business has a fifty day moving average of $19.77 and a two-hundred day moving average of $18.49. PG&E Co. has a 52-week low of $15.59 and a 52-week high of $20.93. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.86 and a current ratio of 0.90.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.76% and a net margin of 10.22%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. As a group, equities research analysts expect that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. PG&E’s payout ratio is presently 3.42%.

Insider Buying and Selling at PG&E

In other PG&E news, VP Stephanie N. Williams sold 38,601 shares of PG&E stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $18.32, for a total transaction of $707,170.32. Following the completion of the transaction, the vice president now directly owns 19,114 shares of the company’s stock, valued at approximately $350,168.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PCG shares. Barclays raised their price objective on shares of PG&E from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company raised their price objective on shares of PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Morgan Stanley raised their price objective on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group raised their price objective on shares of PG&E from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Jefferies Financial Group initiated coverage on shares of PG&E in a research note on Monday, October 14th. They set a “buy” rating and a $24.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.80.

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.