Union Bancaire Privee UBP SA Takes Position in PG&E Co. (NYSE:PCG)

Union Bancaire Privee UBP SA purchased a new stake in shares of PG&E Co. (NYSE:PCG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 97,565 shares of the utilities provider’s stock, valued at approximately $1,862,000.

A number of other large investors have also made changes to their positions in PCG. Versant Capital Management Inc raised its holdings in shares of PG&E by 68.3% during 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. UMB Bank n.a. raised its holdings in shares of PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 1,506 shares during the period. Blue Trust Inc. raised its holdings in shares of PG&E by 77.7% during the third quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider’s stock valued at $83,000 after acquiring an additional 1,834 shares during the period. Catalyst Capital Advisors LLC raised its holdings in shares of PG&E by 98.5% during the third quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after acquiring an additional 2,154 shares during the period. Finally, Huntington National Bank increased 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 during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PCG. Mizuho upped their price objective on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $22.00 price objective on shares of PG&E in a research note on Wednesday, February 12th. UBS Group dropped their price objective on shares of PG&E from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Guggenheim lowered shares of PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. Finally, BMO Capital Markets upped their price objective on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and an average target price of $22.23.

Insider Buying and Selling

In related news, CEO Patricia K. Poppe sold 55,555 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the completion of the sale, the chief executive officer now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arno Lockheart Harris acquired 6,389 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of $15.66 per share, with a total value of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares in the company, valued at $232,770.24. This trade represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.

PG&E Stock Performance

PCG stock opened at $15.94 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $42.57 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.09 and a beta of 0.99. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72. The firm has a 50 day moving average of $17.50 and a two-hundred day moving average of $19.12.

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

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.63%. PG&E’s dividend payout ratio 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.