25,814 Shares in PG&E Co. (NYSE:PCG) Bought by MQS Management LLC

MQS Management LLC acquired a new position in PG&E Co. (NYSE:PCG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,814 shares of the utilities provider's stock, valued at approximately $510,000.

Other hedge funds also recently added to or reduced their stakes in the company. Souders Financial Advisors grew its position in PG&E by 1.3% in the 3rd quarter. Souders Financial Advisors now owns 190,242 shares of the utilities provider's stock worth $3,761,000 after purchasing an additional 2,426 shares during the period. Victory Capital Management Inc. grew its position in shares of PG&E by 3.2% during the 3rd quarter. Victory Capital Management Inc. now owns 803,682 shares of the utilities provider's stock valued at $15,889,000 after acquiring an additional 24,973 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of PG&E by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,094,874 shares of the utilities provider's stock valued at $100,726,000 after acquiring an additional 64,794 shares during the period. Apollon Wealth Management LLC bought a new position in PG&E in the 3rd quarter worth $203,000. Finally, Assetmark Inc. boosted its holdings in PG&E by 35.9% in the 3rd quarter. Assetmark Inc. now owns 86,663 shares of the utilities provider's stock worth $1,713,000 after buying an additional 22,893 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of PG&E in a report on Monday, October 14th. They issued a "buy" rating and a $24.00 target price for the company. Bank of America assumed coverage on shares of PG&E in a report on Thursday, September 12th. They issued a "buy" rating and a $24.00 target price for the company. UBS Group upped their target price on shares of PG&E from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Morgan Stanley upped their target price on shares of PG&E from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company boosted their price target 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, PG&E currently has an average rating of "Moderate Buy" and a consensus target price of $22.80.

PG&E Trading Down 1.4 %

PCG stock traded down $0.29 during mid-day trading on Thursday, reaching $20.99. The company had a trading volume of 10,024,638 shares, compared to its average volume of 13,776,772. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. The company has a market capitalization of $54.89 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. The firm has a 50 day moving average of $20.10 and a 200 day moving average of $18.83. PG&E Co. has a 12 month low of $15.94 and a 12 month high of $21.51.

PG&E (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the firm earned $0.24 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. PG&E's payout ratio is 3.13%.

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.