PG&E Co. (NYSE:PCG) Shares Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its holdings in PG&E Co. (NYSE:PCG) by 49.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 207,203 shares of the utilities provider’s stock after purchasing an additional 68,600 shares during the period. Mizuho Securities USA LLC’s holdings in PG&E were worth $4,181,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Northwest & Ethical Investments L.P. acquired a new position in shares of PG&E in the 4th quarter valued at $139,000. iA Global Asset Management Inc. lifted its stake in PG&E by 326.0% during the 4th quarter. iA Global Asset Management Inc. now owns 134,370 shares of the utilities provider’s stock worth $2,712,000 after acquiring an additional 102,825 shares in the last quarter. Signaturefd LLC lifted its stake in PG&E by 17.7% during the 4th quarter. Signaturefd LLC now owns 13,278 shares of the utilities provider’s stock worth $268,000 after acquiring an additional 1,998 shares in the last quarter. Parallel Advisors LLC lifted its stake in PG&E by 3.1% during the 4th quarter. Parallel Advisors LLC now owns 37,738 shares of the utilities provider’s stock worth $762,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Cibc World Markets Corp lifted its stake in PG&E by 19.0% during the 4th quarter. Cibc World Markets Corp now owns 337,878 shares of the utilities provider’s stock worth $6,818,000 after acquiring an additional 53,982 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley increased their target price on PG&E from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Thursday. Guggenheim lowered PG&E from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 18th. BMO Capital Markets upped their price target on PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Barclays cut their price target on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, UBS Group downgraded PG&E from a “buy” rating to a “neutral” rating and cut their price target for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, PG&E presently has an average rating of “Moderate Buy” and a consensus target price of $22.05.

PG&E Trading Down 1.7 %

PCG opened at $16.91 on Monday. The company has a market cap of $45.16 billion, a P/E ratio of 14.70, a PEG ratio of 1.09 and a beta of 1.04. 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 business’s 50-day simple moving average is $16.16 and its 200-day simple moving average is $18.77.

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

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.59%. PG&E’s dividend payout ratio is currently 8.70%.

Insider Activity

In related news, EVP Carla J. Peterman sold 32,521 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the transaction, the executive vice president now directly owns 183,635 shares of the company’s stock, valued at $3,006,104.95. This trade represents a 15.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arno Lockheart Harris purchased 6,389 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $15.66 per share, with a total value of $100,051.74. Following the transaction, the director now directly owns 14,864 shares of the company’s stock, valued at $232,770.24. This represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.15% of the company’s stock.

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.