Natixis Advisors L.P. Has $20.80 Million Stock Holdings in PG&E Co. (NYSE:PCG)

Natixis Advisors L.P. raised its stake in shares of PG&E Co. (NYSE:PCG) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,153,670 shares of the utilities provider’s stock after buying an additional 224,352 shares during the period. Natixis Advisors L.P.’s holdings in PG&E were worth $20,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Direct Indexing L.P. increased its holdings in PG&E by 13.8% in the third quarter. First Trust Direct Indexing L.P. now owns 27,142 shares of the utilities provider’s stock worth $438,000 after buying an additional 3,299 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in PG&E by 6.2% in the 4th quarter. Artemis Investment Management LLP now owns 7,598,807 shares of the utilities provider’s stock worth $137,009,000 after purchasing an additional 446,848 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in PG&E by 9.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 922,856 shares of the utilities provider’s stock valued at $16,639,000 after purchasing an additional 76,178 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of PG&E by 8.9% during the 3rd quarter. LPL Financial LLC now owns 1,987,389 shares of the utilities provider’s stock worth $32,057,000 after buying an additional 162,476 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in PG&E by 78.7% in the 3rd quarter. Mackenzie Financial Corp now owns 654,687 shares of the utilities provider’s stock worth $10,036,000 after acquiring an additional 288,280 shares during the period. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PG&E

In related news, CEO Patricia K. Poppe sold 59,000 shares of the 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 sale, the chief executive officer now directly owns 1,515,777 shares in the company, valued at approximately $25,889,471.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PCG shares. The Goldman Sachs Group assumed coverage on PG&E in a research report on Wednesday, April 10th. They issued a “buy” rating and a $21.00 price target on the stock. StockNews.com raised PG&E from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. raised their price objective on shares of PG&E from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Barclays raised their price target on shares of PG&E from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.11.

PG&E Stock Performance

NYSE PCG opened at $17.57 on Monday. The stock has a market cap of $50.59 billion, a P/E ratio of 15.69 and a beta of 1.26. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 2.08. PG&E Co. has a twelve month low of $14.71 and a twelve month high of $18.32. The company’s 50-day simple moving average is $16.65 and its 200 day simple moving average is $16.94.

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

PG&E Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.23%. PG&E’s dividend payout ratio is 3.57%.

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.