CoreCap Advisors LLC Sells 681 Shares of PG&E Co. (NYSE:PCG)

CoreCap Advisors LLC lowered its holdings in shares of PG&E Co. (NYSE:PCG) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,342 shares of the utilities provider’s stock after selling 681 shares during the quarter. CoreCap Advisors LLC’s holdings in PG&E were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Raymond James Trust N.A. lifted its position in PG&E by 4.2% during the fourth quarter. Raymond James Trust N.A. now owns 17,013 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 680 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in PG&E by 5.5% during the first quarter. Wetherby Asset Management Inc. now owns 14,490 shares of the utilities provider’s stock valued at $234,000 after purchasing an additional 752 shares during the last quarter. Centre Asset Management LLC lifted its holdings in shares of PG&E by 4.9% in the 3rd quarter. Centre Asset Management LLC now owns 15,994 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 753 shares during the last quarter. Lumbard & Kellner LLC lifted its holdings in shares of PG&E by 3.1% in the 4th quarter. Lumbard & Kellner LLC now owns 26,003 shares of the utilities provider’s stock worth $423,000 after acquiring an additional 790 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of PG&E by 10.9% in the 3rd quarter. Signaturefd LLC now owns 8,067 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 794 shares during the last quarter. Institutional investors own 78.56% of the company’s stock.

PG&E Trading Up 2.8 %

PCG stock opened at $16.74 on Thursday. The company has a market capitalization of $43.70 billion, a PE ratio of 15.94, a P/E/G ratio of 4.84 and a beta of 1.32. PG&E Co. has a 12 month low of $14.71 and a 12 month high of $18.32. The firm’s 50-day moving average is $16.54 and its 200 day moving average is $16.86. 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 (NYSE:PCG) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $7.04 billion for the quarter, compared to the consensus estimate of $6.43 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. During the same quarter last year, the firm posted $0.26 EPS. On average, research analysts anticipate that PG&E Co. will post 1.35 EPS for the current year.

PG&E Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PCG shares. Barclays lowered their target price on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating for the company 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.72.

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.