14,753 Shares in PG&E Co. (NYSE:PCG) Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new stake in PG&E Co. (NYSE:PCG) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 14,753 shares of the utilities provider’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also bought and sold shares of PCG. Rothschild Investment LLC bought a new stake in shares of PG&E during the 2nd quarter worth $30,000. UMB Bank n.a. lifted its holdings in PG&E by 84.7% in the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock valued at $38,000 after buying an additional 1,011 shares during the period. Blue Trust Inc. lifted its stake in shares of PG&E by 77.0% in the 2nd quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 1,027 shares during the period. Plato Investment Management Ltd bought a new stake in PG&E in the second quarter worth approximately $44,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in PG&E by 48.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,596 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 1,179 shares in the last quarter. Institutional investors own 78.56% of the company’s stock.

PG&E Price Performance

Shares of NYSE PCG opened at $21.23 on Friday. PG&E Co. has a 52 week low of $15.94 and a 52 week high of $21.51. The business’s 50 day moving average price is $20.21 and its 200 day moving average price is $18.96. 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 firm has a market cap of $55.52 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.61 and a beta of 1.03.

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

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.19%. PG&E’s dividend payout ratio is currently 3.13%.

Analysts Set New Price Targets

PCG has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group increased their target price on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Bank of America assumed coverage on PG&E in a report on Thursday, September 12th. They issued a “buy” rating and a $24.00 price objective on the stock. Barclays upped their price target on PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company raised their target price on shares of PG&E from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.80.

About PG&E

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.