UniSuper Management Pty Ltd Has $41.44 Million Holdings in PG&E Co. (NYSE:PCG)

UniSuper Management Pty Ltd raised its position in PG&E Co. (NYSE:PCG) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,053,658 shares of the utilities provider’s stock after purchasing an additional 41,219 shares during the period. UniSuper Management Pty Ltd owned 0.08% of PG&E worth $41,443,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PCG. Versant Capital Management Inc lifted its holdings 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 buying an additional 626 shares during the period. UMB Bank n.a. raised its position in shares of PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,506 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of PG&E by 746.0% in the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 4,819 shares during the period. Sierra Ocean LLC bought a new stake in shares of PG&E during the 4th quarter valued at about $111,000. Finally, Brooklyn Investment Group acquired a new stake in PG&E during the third quarter worth approximately $115,000. 78.56% of the stock is owned by institutional investors.

Insider Activity at PG&E

In other news, Director Arno Lockheart Harris acquired 6,389 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the purchase, the director now owns 14,864 shares in the company, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the sale, the executive vice president now directly owns 183,635 shares of the company’s stock, valued at $3,006,104.95. This represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Guggenheim cut PG&E from a “buy” rating to a “neutral” rating in a report on Tuesday, February 18th. UBS Group lowered shares of PG&E from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $19.00 in a research note on Wednesday, March 19th. Morgan Stanley lifted their price target on shares of PG&E from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Thursday, March 20th. BMO Capital Markets raised their target price on PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Mizuho upped their price target on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.05.

PG&E Stock Up 1.0 %

PG&E stock opened at $17.24 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The stock has a market cap of $46.04 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. PG&E Co. has a fifty-two week low of $14.99 and a fifty-two week high of $21.72. The firm’s 50-day simple moving average is $16.21 and its 200 day simple moving average is $18.72.

PG&E (NYSE:PCG) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $6.63 billion during the quarter, compared to analyst estimates of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same period in the prior year, the company posted $0.47 earnings per share. Research analysts predict that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, March 31st. PG&E’s dividend payout ratio (DPR) is currently 8.70%.

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.