Aigen Investment Management LP Invests $344,000 in PG&E Co. (NYSE:PCG)

Aigen Investment Management LP acquired a new position in PG&E Co. (NYSE:PCG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,025 shares of the utilities provider's stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc raised its position in PG&E by 68.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 626 shares in the last quarter. Commerce Bank grew its holdings in PG&E by 1.5% in the third quarter. Commerce Bank now owns 47,051 shares of the utilities provider's stock worth $930,000 after purchasing an additional 712 shares during the last quarter. Baker Tilly Wealth Management LLC increased its position in PG&E by 4.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock valued at $330,000 after buying an additional 715 shares in the last quarter. Continuum Advisory LLC raised its position in shares of PG&E by 11.4% in the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider's stock valued at $157,000 after purchasing an additional 769 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in shares of PG&E by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider's stock worth $624,000 after buying an additional 812 shares during the period. 78.56% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets upped their price target on shares of PG&E from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Mizuho increased their target price on PG&E from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Barclays cut their price objective on shares of PG&E from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Morgan Stanley cut shares of PG&E from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $20.00 to $16.50 in a research report on Friday, February 14th. Finally, UBS Group lowered their price objective on PG&E from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.23.

Insider Buying and Selling at PG&E

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the sale, the executive vice president now owns 183,635 shares of the company's stock, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arno Lockheart Harris bought 6,389 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the transaction, the director now directly owns 14,864 shares of the company's stock, valued at $232,770.24. This trade represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.

PG&E Stock Up 0.2 %

Shares of PG&E stock traded up $0.04 during trading hours on Wednesday, reaching $16.23. 10,431,864 shares of the company were exchanged, compared to its average volume of 15,147,177. The stock's fifty day moving average is $16.59 and its 200 day moving average is $18.92. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The firm has a market cap of $43.34 billion, a PE ratio of 14.11, a PEG ratio of 1.09 and a beta of 1.04. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72.

PG&E (NYSE:PCG - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. PG&E had a net margin of 10.27% and a return on equity of 10.94%. The company had revenue of $6.63 billion during the quarter, compared to analysts' expectations of $7.29 billion. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, equities research analysts forecast that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 31st. PG&E's dividend payout ratio (DPR) is 8.70%.

PG&E Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.