Cwm LLC Buys 27,965 Shares of PG&E Co. (NYSE:PCG)

Cwm LLC lifted its stake in shares of PG&E Co. (NYSE:PCG) by 71.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,971 shares of the utilities provider’s stock after acquiring an additional 27,965 shares during the quarter. Cwm LLC’s holdings in PG&E were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of PG&E by 18.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 70,077 shares of the utilities provider’s stock worth $1,263,000 after purchasing an additional 11,094 shares during the period. Mather Group LLC. bought a new stake in PG&E during the first quarter valued at $92,000. Czech National Bank boosted its position in PG&E by 0.5% during the first quarter. Czech National Bank now owns 375,393 shares of the utilities provider’s stock valued at $6,292,000 after acquiring an additional 1,723 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its holdings in PG&E by 30.2% during the 1st quarter. Financiere des Professionnels Fonds d investissement inc. now owns 263,521 shares of the utilities provider’s stock worth $4,417,000 after acquiring an additional 61,114 shares during the period. Finally, Miller Howard Investments Inc. NY bought a new position in shares of PG&E in the 1st quarter worth about $657,000. 78.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Stephanie N. Williams sold 38,601 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.32, for a total value of $707,170.32. Following the completion of the sale, the vice president now owns 19,114 shares in the company, valued at $350,168.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Barclays raised their price objective on shares of PG&E from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Morgan Stanley boosted their target price on shares of PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Bank of America started coverage on shares of PG&E in a report on Thursday, September 12th. They issued a “buy” rating and a $24.00 price target for the company. Finally, UBS Group upped their price objective on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

PG&E Trading Up 0.5 %

NYSE:PCG opened at $20.52 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.86. PG&E Co. has a one year low of $15.59 and a one year high of $20.65. The company has a market cap of $59.08 billion, a PE ratio of 18.32, a PEG ratio of 1.50 and a beta of 1.01. The firm has a 50-day moving average of $19.46 and a 200-day moving average of $18.31.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. PG&E had a return on equity of 11.76% and a net margin of 10.22%. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same period in the previous year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities research analysts expect that PG&E Co. will post 1.36 EPS 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 paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Monday, September 30th. PG&E’s dividend payout ratio (DPR) is presently 3.57%.

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.