PG&E Co. (NYSE:PCG) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 803,682 shares of the utilities provider's stock after acquiring an additional 24,973 shares during the quarter. Victory Capital Management Inc.'s holdings in PG&E were worth $15,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Axxcess Wealth Management LLC lifted its holdings in shares of PG&E by 3.5% during the 1st quarter. Axxcess Wealth Management LLC now owns 18,217 shares of the utilities provider's stock valued at $305,000 after acquiring an additional 614 shares in the last quarter. Ballentine Partners LLC increased its stake in PG&E by 3.1% during the 2nd quarter. Ballentine Partners LLC now owns 22,458 shares of the utilities provider's stock worth $392,000 after buying an additional 666 shares during the period. Alta Advisers Ltd increased its stake in PG&E by 19.5% during the 2nd quarter. Alta Advisers Ltd now owns 4,900 shares of the utilities provider's stock worth $86,000 after buying an additional 800 shares during the period. EverSource Wealth Advisors LLC increased its stake in PG&E by 14.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,830 shares of the utilities provider's stock worth $125,000 after buying an additional 863 shares during the period. Finally, Signaturefd LLC increased its stake in PG&E by 9.8% during the 3rd quarter. Signaturefd LLC now owns 11,280 shares of the utilities provider's stock worth $223,000 after buying an additional 1,009 shares during the period. Institutional investors and hedge funds own 78.56% of the company's stock.

PG&E Stock Performance

Shares of NYSE:PCG traded up $0.10 during trading on Wednesday, reaching $21.10. 11,549,233 shares of the company's stock traded hands, compared to its average volume of 13,804,358. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. PG&E Co. has a 12 month low of $15.94 and a 12 month high of $21.51. The company has a 50 day moving average of $20.18 and a 200-day moving average of $18.95. The stock has a market capitalization of $55.18 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share 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 business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The company's revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts expect that PG&E Co. will post 1.36 EPS for the current year.

PG&E Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Monday, September 30th. PG&E's payout ratio is 3.13%.

Wall Street Analysts Forecast Growth

PCG has been the topic of several analyst reports. Barclays lifted their price target on shares of PG&E from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted 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. UBS Group lifted their price target on shares of PG&E from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Jefferies Financial Group assumed coverage on shares of PG&E in a research report on Monday, October 14th. They issued a "buy" rating and a $24.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of PG&E from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.80.

About PG&E

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.