GSA Capital Partners LLP Has $289,000 Stake in PG&E Co. (NYSE:PCG)

GSA Capital Partners LLP trimmed its stake in PG&E Co. (NYSE:PCG) by 85.9% in the third quarter, HoldingsChannel.com reports. The firm owned 14,630 shares of the utilities provider’s stock after selling 89,260 shares during the period. GSA Capital Partners LLP’s holdings in PG&E were worth $289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PCG. Rothschild Investment LLC acquired a new stake in PG&E in the second quarter valued at $30,000. UMB Bank n.a. boosted its position in PG&E by 84.7% during the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 1,011 shares during the last quarter. Blue Trust Inc. boosted its position in PG&E by 77.0% during the second quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 1,027 shares during the last quarter. Plato Investment Management Ltd bought a new stake in PG&E during the second quarter valued at $44,000. Finally, Massmutual Trust Co. FSB ADV boosted its position 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 valued at $63,000 after acquiring an additional 1,179 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

PG&E Price Performance

PCG stock opened at $21.35 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.04 and a quick ratio of 0.99. PG&E Co. has a 1 year low of $15.94 and a 1 year high of $21.51. The stock has a market capitalization of $55.84 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. The company’s 50-day moving average is $20.24 and its 200-day moving average is $18.98.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, November 7th. The utilities provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the business posted $0.24 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Equities research analysts expect that PG&E Co. will post 1.36 EPS for the current fiscal year.

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 dividend on an annualized basis and a dividend yield of 0.19%. PG&E’s dividend payout ratio is presently 3.13%.

Analyst Ratings Changes

A number of analysts have commented on PCG shares. Morgan Stanley upped their price target on shares of PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays upped their price target on shares of PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Bank of America started coverage on shares of PG&E in a research report on Thursday, September 12th. They set a “buy” rating and a $24.00 price target on the stock. Wells Fargo & Company upped their price target on shares of PG&E from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group assumed coverage on shares of PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, PG&E has a consensus rating of “Moderate Buy” and an average 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.