Edgestream Partners L.P. trimmed its position in shares of PG&E Co. (NYSE:PCG – Free Report) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,704 shares of the utilities provider’s stock after selling 3,320 shares during the quarter. Edgestream Partners L.P.’s holdings in PG&E were worth $2,325,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Planned Solutions Inc. bought a new stake in shares of PG&E during the fourth quarter valued at approximately $37,000. Vima LLC bought a new stake in shares of PG&E during the 4th quarter valued at $41,000. CVA Family Office LLC purchased a new stake in shares of PG&E in the 4th quarter worth about $43,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of PG&E in the 4th quarter worth about $47,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in PG&E during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.
Insider Buying and Selling
In other PG&E news, CEO Patricia K. Poppe sold 59,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,515,777 shares of the company’s stock, valued at $25,889,471.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by insiders.
Wall Street Analyst Weigh In
PG&E Stock Performance
NYSE:PCG traded down $0.17 on Tuesday, hitting $18.08. The stock had a trading volume of 1,110,813 shares, compared to its average volume of 14,388,543. PG&E Co. has a 52-week low of $14.71 and a 52-week high of $18.95. The stock has a market cap of $52.06 billion, a price-to-earnings ratio of 16.13 and a beta of 1.08. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 2.08. The business’s 50-day simple moving average is $17.98 and its two-hundred day simple moving average is $17.23.
PG&E (NYSE:PCG – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was down 5.6% compared to the same quarter last year. As a group, research analysts predict that PG&E Co. will post 1.35 earnings per share for the current year.
PG&E Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. PG&E’s dividend payout ratio (DPR) is 3.57%.
PG&E Company 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.
Further Reading
- Five stocks we like better than PG&E
- Investing in Travel Stocks Benefits
- ScottsMiracle-Gro Stock Blooms After Investor Day Optimism
- How to Find Undervalued Stocks
- Leading Beverage Company’s Stock Bubbles Higher: Rally Ahead
- How to buy stock: A step-by-step guide for beginners
- Can This Meme Stock Stage One Last Rally?
Want to see what other hedge funds are holding PCG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PG&E Co. (NYSE:PCG – Free Report).
Receive News & Ratings for PG&E Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PG&E and related companies with MarketBeat.com's FREE daily email newsletter.