Natixis Advisors LLC Has $28.52 Million Stock Holdings in PG&E Co. (NYSE:PCG)

Natixis Advisors LLC increased its holdings in shares of PG&E Co. (NYSE:PCG) by 26.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,442,413 shares of the utilities provider’s stock after acquiring an additional 300,651 shares during the quarter. Natixis Advisors LLC’s holdings in PG&E were worth $28,517,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PCG. King Street Capital Management L.P. acquired a new position in shares of PG&E during the 2nd quarter worth about $1,964,250,000. Massachusetts Financial Services Co. MA increased its stake in PG&E by 17.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 101,910,190 shares of the utilities provider’s stock valued at $1,779,352,000 after acquiring an additional 14,998,472 shares during the period. Capital International Investors increased its stake in PG&E by 4.4% during the first quarter. Capital International Investors now owns 121,159,974 shares of the utilities provider’s stock valued at $2,030,641,000 after acquiring an additional 5,066,183 shares during the period. Clearbridge Investments LLC bought a new position in PG&E during the second quarter valued at about $56,679,000. Finally, Marshall Wace LLP increased its stake in PG&E by 2,850.3% during the second quarter. Marshall Wace LLP now owns 1,946,520 shares of the utilities provider’s stock valued at $33,986,000 after acquiring an additional 1,880,542 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PCG shares. UBS Group boosted their price target on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Barclays boosted their price target on PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group started coverage on PG&E in a research note on Monday, October 14th. They set a “buy” rating and a $24.00 price target on the stock. Bank of America assumed coverage on PG&E in a research note on Thursday, September 12th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Morgan Stanley upped their price objective on PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, PG&E has a consensus rating of “Moderate Buy” and an average target price of $22.80.

PG&E Trading Up 0.0 %

PCG stock opened at $21.05 on Tuesday. The firm has a market cap of $55.05 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.62 and a beta of 1.03. PG&E Co. has a 1-year low of $15.94 and a 1-year high of $21.51. The business’s 50 day moving average is $20.12 and its 200-day moving average is $18.90. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02.

PG&E (NYSE:PCG) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $6.58 billion. PG&E had a return on equity of 12.51% and a net margin of 11.11%. PG&E’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 EPS. Equities analysts anticipate that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The firm also recently declared 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 dividend payout ratio (DPR) is presently 3.13%.

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.