Colonial Trust Co SC Has $39,000 Position in PG&E Co. (NYSE:PCG)

Colonial Trust Co SC increased its holdings in shares of PG&E Co. (NYSE:PCG) by 563.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,916 shares of the utilities provider’s stock after purchasing an additional 1,627 shares during the period. Colonial Trust Co SC’s holdings in PG&E were worth $39,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Baker Tilly Wealth Management LLC boosted its holdings in shares of PG&E by 4.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider’s stock valued at $330,000 after buying an additional 715 shares during the period. Level Four Advisory Services LLC increased its holdings in PG&E by 7.5% during the 4th quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 772 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of PG&E by 23.9% in the 4th quarter. Optiver Holding B.V. now owns 4,271 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 825 shares during the period. Clarius Group LLC lifted its holdings in shares of PG&E by 8.2% in the fourth quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 833 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of PG&E by 5.9% during the fourth quarter. Greenleaf Trust now owns 15,542 shares of the utilities provider’s stock worth $314,000 after buying an additional 872 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on PCG. Barclays decreased their target price on shares of PG&E from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. Morgan Stanley reissued an “underweight” rating on shares of PG&E in a research report on Wednesday, April 23rd. UBS Group lowered PG&E from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, March 19th. Finally, BMO Capital Markets cut their price objective on PG&E from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.13.

PG&E Stock Performance

Shares of PCG stock opened at $17.11 on Friday. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The company has a market capitalization of $45.78 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.09 and a beta of 0.63. The company has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $18.05. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $6.23 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, sell-side analysts predict that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Monday, March 31st. PG&E’s dividend payout ratio is currently 9.17%.

Insider Activity

In other PG&E news, EVP Carla J. Peterman sold 32,519 shares of PG&E stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $17.30, for a total value of $562,578.70. Following the completion of the transaction, the executive vice president now directly owns 151,116 shares of the company’s stock, valued at $2,614,306.80. The trade was a 17.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arno Lockheart Harris bought 6,389 shares of PG&E stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost 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 $232,770.24. This represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

PG&E Profile

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.