V Square Quantitative Management LLC Buys 2,449 Shares of PG&E Co. (NYSE:PCG)

V Square Quantitative Management LLC grew its stake in shares of PG&E Co. (NYSE:PCG) by 22.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,254 shares of the utilities provider’s stock after buying an additional 2,449 shares during the period. V Square Quantitative Management LLC’s holdings in PG&E were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of PG&E in the 2nd quarter valued at approximately $30,000. UMB Bank n.a. increased its stake in PG&E by 84.7% in the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 1,011 shares in the last quarter. Blue Trust Inc. raised its holdings in PG&E by 77.0% in the second quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 1,027 shares during the period. Plato Investment Management Ltd bought a new position in shares of PG&E during the second quarter worth $44,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of PG&E by 48.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,596 shares of the utilities provider’s stock valued at $63,000 after buying an additional 1,179 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Stephanie N. Williams sold 38,601 shares of PG&E stock in a transaction that occurred 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 in the company, valued at approximately $350,168.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PCG shares. 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. Bank of America initiated coverage on PG&E in a research report on Thursday, September 12th. They issued a “buy” rating and a $24.00 price objective for the company. Wells Fargo & Company raised their target price on shares of PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Morgan Stanley upped their price target on shares of PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group began coverage on shares of PG&E in a report on Monday, October 14th. They set a “buy” rating and a $24.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.00.

PG&E Stock Up 0.5 %

NYSE:PCG opened at $20.38 on Monday. PG&E Co. has a twelve month low of $15.59 and a twelve month high of $20.65. The firm has a market capitalization of $58.68 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.01. 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 stock’s 50 day moving average price is $19.55 and its two-hundred day moving average price is $18.37.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.31 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 the consensus estimate of $5.86 billion. PG&E had a net margin of 10.22% and a return on equity of 11.76%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. Equities research analysts expect that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.20%. PG&E’s dividend payout ratio is 3.57%.

PG&E Company 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.