Yousif Capital Management LLC Has $5.79 Million Stock Position in PG&E Co. (NYSE:PCG)

Yousif Capital Management LLC reduced its position in shares of PG&E Co. (NYSE:PCG) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,995 shares of the utilities provider’s stock after selling 51,608 shares during the period. Yousif Capital Management LLC’s holdings in PG&E were worth $5,788,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in PG&E by 8.8% during the third quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider’s stock valued at $4,329,416,000 after purchasing an additional 21,731,911 shares in the last quarter. FMR LLC raised its position in PG&E by 2.4% during the third quarter. FMR LLC now owns 176,029,931 shares of the utilities provider’s stock valued at $2,839,363,000 after purchasing an additional 4,044,631 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in PG&E by 27.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider’s stock valued at $1,347,215,000 after purchasing an additional 18,180,432 shares in the last quarter. Third Point LLC increased its holdings in shares of PG&E by 5.3% during the third quarter. Third Point LLC now owns 56,860,000 shares of the utilities provider’s stock worth $917,152,000 after buying an additional 2,860,000 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of PG&E by 21.7% during the third quarter. Northern Trust Corp now owns 18,270,915 shares of the utilities provider’s stock worth $294,710,000 after buying an additional 3,258,363 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

PG&E Price Performance

PCG stock opened at $17.07 on Friday. The stock has a market capitalization of $36.47 billion, a PE ratio of 16.25 and a beta of 1.32. The company’s 50-day moving average is $16.57 and its 200-day moving average is $16.88. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78. PG&E Co. has a 1 year low of $14.71 and a 1 year high of $18.32.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. PG&E had a net margin of 9.24% and a return on equity of 10.84%. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s revenue was down 5.6% on a year-over-year basis. Equities research analysts expect that PG&E Co. will post 1.35 EPS for the current fiscal year.

PG&E Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.23%. PG&E’s dividend payout ratio (DPR) is 3.81%.

Analysts Set New Price Targets

PCG has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of PG&E in a report on Wednesday, April 10th. They set a “buy” rating and a $21.00 price target for the company. JPMorgan Chase & Co. increased their price objective on PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays decreased their price objective on PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, January 22nd. Finally, StockNews.com upgraded PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.89.

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.