Baker Tilly Wealth Management LLC Purchases 715 Shares of PG&E Co. (NYSE:PCG)

Baker Tilly Wealth Management LLC raised its position in shares of PG&E Co. (NYSE:PCG) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,337 shares of the utilities provider’s stock after acquiring an additional 715 shares during the period. Baker Tilly Wealth Management LLC’s holdings in PG&E were worth $330,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its stake in PG&E by 5.0% during the 3rd quarter. State Street Corp now owns 108,953,808 shares of the utilities provider’s stock valued at $2,155,093,000 after purchasing an additional 5,191,463 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of PG&E by 259.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 61,850 shares of the utilities provider’s stock valued at $1,223,000 after acquiring an additional 44,650 shares during the period. Scientech Research LLC acquired a new stake in shares of PG&E in the second quarter worth $1,122,000. Creative Planning increased its position in PG&E by 39.6% during the second quarter. Creative Planning now owns 111,358 shares of the utilities provider’s stock worth $1,944,000 after acquiring an additional 31,573 shares during the period. Finally, Czech National Bank raised its stake in PG&E by 6.9% during the 3rd quarter. Czech National Bank now owns 435,423 shares of the utilities provider’s stock valued at $8,608,000 after purchasing an additional 28,192 shares during the last quarter. 78.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PG&E

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

PG&E Trading Down 10.6 %

Shares of PG&E stock opened at $17.20 on Friday. The stock has a market capitalization of $44.98 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.51 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. 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 company has a 50-day simple moving average of $20.35 and a 200 day simple moving average of $19.48.

PG&E (NYSE:PCG) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $5.94 billion during 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 was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Research analysts expect that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

PG&E Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.025 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from PG&E’s previous quarterly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.58%. PG&E’s dividend payout ratio (DPR) is 7.81%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PCG. UBS Group dropped their price objective on shares of PG&E from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Mizuho upped their price target on PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Barclays decreased their price objective on PG&E from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Jefferies Financial Group began coverage on 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, Morgan Stanley lifted their price target on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.80.

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.