Aigen Investment Management LP Invests $344,000 in PG&E Co. (NYSE:PCG)

Aigen Investment Management LP acquired a new stake in shares of PG&E Co. (NYSE:PCG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 17,025 shares of the utilities provider’s stock, valued at approximately $344,000.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in PG&E by 68.3% during the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 626 shares in the last quarter. UMB Bank n.a. grew its stake in PG&E by 61.5% during the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 1,506 shares in the last quarter. Huntington National Bank grew its stake in PG&E by 32.9% during the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 1,195 shares in the last quarter. First Horizon Advisors Inc. grew its stake in PG&E by 746.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 4,819 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in PG&E during the 4th quarter valued at about $111,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Insiders Place Their Bets

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total transaction of $532,368.77. Following the sale, the executive vice president now directly owns 183,635 shares in the company, valued at $3,006,104.95. This represents a 15.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arno Lockheart Harris bought 6,389 shares of PG&E stock in a transaction on Thursday, February 20th. The shares were acquired at an average price 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 ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PCG shares. Barclays dropped their price objective on shares of PG&E from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Mizuho increased their price target on shares of PG&E from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. BMO Capital Markets increased their price target on shares of PG&E from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Morgan Stanley cut shares of PG&E from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $16.50 in a research note on Friday, February 14th. Finally, UBS Group dropped their price target on shares of PG&E from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.23.

PG&E Stock Performance

Shares of PCG stock opened at $15.97 on Friday. The firm’s 50 day moving average price is $16.75 and its 200-day moving average price is $18.96. 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 Co. has a one year low of $14.99 and a one year high of $21.72. The firm has a market cap of $42.65 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.09 and a beta of 1.04.

PG&E (NYSE:PCG) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same period in the prior year, the business posted $0.47 EPS. As a group, equities research analysts predict that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. PG&E’s dividend payout ratio (DPR) is presently 8.70%.

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.