EverSource Wealth Advisors LLC Has $161,000 Stock Holdings in PG&E Co. (NYSE:PCG)

EverSource Wealth Advisors LLC lifted its holdings in shares of PG&E Co. (NYSE:PCG) by 14.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,971 shares of the utilities provider’s stock after buying an additional 996 shares during the period. EverSource Wealth Advisors LLC’s holdings in PG&E were worth $161,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Czech National Bank raised its stake in PG&E by 8.9% during the fourth quarter. Czech National Bank now owns 474,013 shares of the utilities provider’s stock worth $9,566,000 after acquiring an additional 38,590 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of PG&E by 8.2% during the 4th quarter. New York State Teachers Retirement System now owns 1,974,070 shares of the utilities provider’s stock valued at $39,837,000 after purchasing an additional 148,860 shares during the last quarter. State Street Corp increased its position 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 worth $2,155,093,000 after purchasing an additional 5,191,463 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in PG&E in the 4th quarter valued at approximately $514,000. Finally, Atria Wealth Solutions Inc. bought a new position in PG&E in the 4th quarter valued at approximately $466,000. 78.56% of the stock is currently owned by institutional investors.

PG&E Price Performance

Shares of NYSE PCG opened at $17.12 on Tuesday. 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 $45.72 billion, a PE ratio of 14.88, a P/E/G ratio of 1.09 and a beta of 1.04. The firm has a fifty day simple moving average of $16.31 and a 200 day simple moving average of $18.85. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the business earned $0.47 EPS. On average, sell-side analysts forecast that PG&E Co. will post 1.49 EPS for the current year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.025 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. PG&E’s dividend payout ratio is currently 8.70%.

Insider Activity at PG&E

In other news, Director Arno Lockheart Harris purchased 6,389 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares in the company, valued at approximately $232,770.24. The trade was a 75.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carla J. Peterman sold 32,521 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the sale, the executive vice president now owns 183,635 shares of the company’s stock, valued at approximately $3,006,104.95. This represents a 15.05 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PCG. UBS Group lowered their price target on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, January 30th. BMO Capital Markets upped their target price on PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Morgan Stanley lowered PG&E from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $20.00 to $16.50 in a research note on Friday, February 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of PG&E in a research note on Wednesday, February 12th. Finally, Mizuho lifted their target price on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, PG&E currently has a consensus rating of “Moderate Buy” and an average target price of $22.23.

About PG&E

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.