Diversify Advisory Services LLC Sells 2,233 Shares of PG&E Co. (NYSE:PCG)

Diversify Advisory Services LLC lessened its holdings in PG&E Co. (NYSE:PCG) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,459 shares of the utilities provider’s stock after selling 2,233 shares during the quarter. Diversify Advisory Services LLC’s holdings in PG&E were worth $494,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PCG. Versant Capital Management Inc increased its stake in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 626 shares during the period. Blue Trust Inc. grew its stake in shares of PG&E by 77.7% in the 3rd quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,834 shares during the period. William B. Walkup & Associates Inc. acquired a new position in shares of PG&E in the 2nd quarter worth approximately $74,000. Catalyst Capital Advisors LLC lifted its position in shares of PG&E by 98.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock worth $86,000 after buying an additional 2,154 shares during the period. Finally, Huntington National Bank boosted its stake in PG&E by 32.9% in the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after buying an additional 1,195 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

PG&E Price Performance

PG&E stock opened at $17.31 on Wednesday. The business’s 50-day simple moving average is $19.91 and its 200 day simple moving average is $19.48. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 2.02. The stock has a market cap of $45.27 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.19 and a beta of 0.98. PG&E Co. has a 12-month low of $15.94 and a 12-month high of $21.72.

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

PG&E Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.025 per share. This is a boost from PG&E’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, December 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. PG&E’s payout ratio is presently 7.81%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets assumed coverage on PG&E in a research note on Monday, January 13th. They set an “outperform” rating and a $21.00 price objective for the company. Barclays cut their price target on shares of PG&E from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Mizuho upped their price objective on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Jefferies Financial Group started coverage on shares of PG&E in a research note on Monday, October 14th. They issued a “buy” rating and a $24.00 target price for the company. Finally, UBS Group decreased their price target on PG&E from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.64.

Insider Activity

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.66, for a total value of $1,147,766.30. Following the transaction, the chief executive officer now owns 1,460,222 shares of the company’s stock, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

PG&E Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.