Venturi Wealth Management LLC Increases Holdings in PG&E Co. (NYSE:PCG)

Venturi Wealth Management LLC grew its holdings in PG&E Co. (NYSE:PCGFree Report) by 135.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,500 shares of the utilities provider’s stock after acquiring an additional 14,084 shares during the period. Venturi Wealth Management LLC’s holdings in PG&E were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Clear Street Markets LLC purchased a new position in shares of PG&E in the fourth quarter valued at about $26,000. Quarry LP bought a new position in shares of PG&E during the 2nd quarter valued at approximately $34,000. Planned Solutions Inc. purchased a new position in shares of PG&E in the fourth quarter valued at $37,000. Toth Financial Advisory Corp purchased a new stake in PG&E during the third quarter valued at $35,000. Finally, CVA Family Office LLC purchased a new position in shares of PG&E in the 4th quarter worth $43,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PCG shares. Barclays reduced their target price on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. StockNews.com upgraded shares of PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.50.

View Our Latest Analysis on PG&E

PG&E Price Performance

PG&E stock opened at $16.75 on Thursday. The stock has a market cap of $43.74 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 4.93 and a beta of 1.32. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78. PG&E Co. has a 1 year low of $14.71 and a 1 year high of $18.32. The firm has a 50-day moving average of $16.54 and a two-hundred day moving average of $16.85.

PG&E (NYSE:PCGGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. PG&E had a net margin of 9.24% and a return on equity of 10.84%. The company had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the company earned $0.26 EPS. On average, research analysts forecast that PG&E Co. will post 1.35 earnings per share for the current year.

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.24%. PG&E’s payout ratio is presently 3.81%.

PG&E Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PG&E (NYSE:PCG)

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