U.S. Capital Wealth Advisors LLC Has $1.87 Million Stake in PG&E Co. (NYSE:PCG)

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of PG&E Co. (NYSE:PCG) by 9.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 103,490 shares of the utilities provider’s stock after selling 11,368 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in PG&E were worth $1,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Planned Solutions Inc. bought a new position in PG&E during the 4th quarter worth approximately $37,000. CVA Family Office LLC bought a new position in shares of PG&E during the fourth quarter worth $43,000. Millburn Ridgefield Corp acquired a new position in shares of PG&E in the 3rd quarter valued at $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of PG&E in the 3rd quarter valued at $44,000. Finally, Headlands Technologies LLC acquired a new stake in PG&E during the 3rd quarter worth $47,000. 78.56% of the stock is currently owned by institutional investors.

Insider Transactions at PG&E

In related news, CEO Patricia K. Poppe sold 59,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $17.08, for a total value of $1,007,720.00. Following the completion of the transaction, the chief executive officer now directly owns 1,515,777 shares of the company’s stock, valued at $25,889,471.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PCG. The Goldman Sachs Group started coverage on PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. increased their target price on PG&E from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. StockNews.com upgraded shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Barclays upped their price target on shares of PG&E from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.11.

PG&E Stock Up 0.2 %

Shares of PCG stock traded up $0.04 during trading on Friday, reaching $17.57. The company’s stock had a trading volume of 12,813,177 shares, compared to its average volume of 11,748,601. The company has a market cap of $37.55 billion, a price-to-earnings ratio of 15.69 and a beta of 1.26. PG&E Co. has a one year low of $14.71 and a one year high of $18.32. The business has a fifty day moving average price of $16.65 and a 200-day moving average price of $16.94. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 2.08.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $6.60 billion. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. Analysts anticipate that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Wednesday, March 27th. PG&E’s dividend payout ratio (DPR) is 3.57%.

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.