Everpar Advisors LLC Buys Shares of 54,604 PG&E Co. (NYSE:PCG)

Everpar Advisors LLC acquired a new position in PG&E Co. (NYSE:PCG) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 54,604 shares of the utilities provider’s stock, valued at approximately $985,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in PG&E by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 268,407,694 shares of the utilities provider’s stock valued at $4,329,416,000 after purchasing an additional 21,731,911 shares during the period. FMR LLC raised its position in PG&E by 2.4% during the 3rd quarter. FMR LLC now owns 176,029,931 shares of the utilities provider’s stock valued at $2,839,363,000 after purchasing an additional 4,044,631 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in PG&E by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 83,522,320 shares of the utilities provider’s stock valued at $1,347,215,000 after purchasing an additional 18,180,432 shares in the last quarter. Third Point LLC raised its position in PG&E by 5.3% during the 3rd quarter. Third Point LLC now owns 56,860,000 shares of the utilities provider’s stock valued at $917,152,000 after purchasing an additional 2,860,000 shares in the last quarter. Finally, Northern Trust Corp raised its position in PG&E by 21.7% during the 3rd quarter. Northern Trust Corp now owns 18,270,915 shares of the utilities provider’s stock valued at $294,710,000 after purchasing an additional 3,258,363 shares in the last quarter. Institutional investors own 78.56% of the company’s stock.

PG&E Price Performance

Shares of PCG stock traded up $0.11 during midday trading on Wednesday, reaching $17.84. 11,404,402 shares of the company traded hands, compared to its average volume of 15,240,472. The firm’s 50 day simple moving average is $16.73 and its two-hundred day simple moving average is $16.97. PG&E Co. has a 1-year low of $14.71 and a 1-year high of $18.32. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.99 and a quick ratio of 0.93. The firm has a market cap of $51.37 billion, a PE ratio of 15.93 and a beta of 1.26.

PG&E (NYSE:PCG) last posted its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. PG&E had a net margin of 10.05% and a return on equity of 11.32%. The company had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period last year, the firm earned $0.29 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts expect that PG&E Co. will post 1.35 EPS for the current fiscal year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. PG&E’s dividend payout ratio is currently 3.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PCG. The Goldman Sachs Group began coverage on PG&E in a research report on Wednesday, April 10th. They set a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. upped their price target on PG&E from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Barclays lifted their target price on PG&E from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, StockNews.com raised 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 four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.11.

Insider Buying and Selling

In related news, CEO Patricia K. Poppe sold 59,000 shares of PG&E stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $17.08, for a total transaction of $1,007,720.00. Following the completion of the transaction, the chief executive officer now directly owns 1,515,777 shares in the company, valued at approximately $25,889,471.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

PG&E 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.