Guggenheim Capital LLC Boosts Stock Position in PG&E Co. (NYSE:PCG)

Guggenheim Capital LLC lifted its holdings in PG&E Co. (NYSE:PCG - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,923 shares of the utilities provider's stock after buying an additional 31,286 shares during the quarter. Guggenheim Capital LLC's holdings in PG&E were worth $3,530,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in shares of PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock valued at $31,000 after buying an additional 626 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of PG&E by 4.6% in the fourth 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. Level Four Advisory Services LLC boosted its stake in shares of PG&E by 7.5% in the fourth quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider's stock valued at $223,000 after buying an additional 772 shares in the last quarter. Clarius Group LLC boosted its stake in shares of PG&E by 8.2% in the fourth quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider's stock valued at $223,000 after buying an additional 833 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in shares of PG&E by 5.9% in the fourth quarter. Greenleaf Trust now owns 15,542 shares of the utilities provider's stock valued at $314,000 after buying an additional 872 shares in the last quarter. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

PG&E Trading Down 0.3 %

NYSE PCG traded down $0.05 during trading hours on Thursday, hitting $17.49. 6,668,681 shares of the company's stock were exchanged, compared to its average volume of 16,391,507. The business's 50 day moving average is $16.60 and its 200-day moving average is $18.30. PG&E Co. has a 12-month low of $14.99 and a 12-month high of $21.72. The firm has a market capitalization of $46.71 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05.

PG&E (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). PG&E had a return on equity of 10.94% and a net margin of 10.27%. The business had revenue of $5.98 billion for the quarter, compared to analysts' expectations of $6.23 billion. As a group, analysts anticipate that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.57%. PG&E's dividend payout ratio (DPR) is presently 8.70%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PCG shares. Morgan Stanley lifted their price objective on PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a report on Thursday, March 20th. Jefferies Financial Group boosted their target price on PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group downgraded PG&E from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $22.00 to $19.00 in a research report on Wednesday, March 19th. Barclays decreased their target price on PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.75.

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.