Vanguard Personalized Indexing Management LLC Acquires 14,680 Shares of PG&E Co. (NYSE:PCG)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of PG&E Co. (NYSE:PCG) by 14.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,968 shares of the utilities provider’s stock after purchasing an additional 14,680 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PG&E were worth $2,045,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of PG&E during the second quarter worth $30,000. UMB Bank n.a. increased its position in shares of PG&E by 84.7% during the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 1,011 shares in the last quarter. Blue Trust Inc. increased its position in shares of PG&E by 77.0% during the second quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 1,027 shares in the last quarter. Vima LLC acquired a new position in shares of PG&E during the fourth quarter worth $41,000. Finally, Plato Investment Management Ltd acquired a new position in shares of PG&E during the second quarter worth $44,000. 78.56% of the stock is owned by institutional investors and hedge funds.

PG&E Price Performance

NYSE:PCG opened at $20.08 on Friday. PG&E Co. has a one year low of $14.71 and a one year high of $20.65. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.86 and a current ratio of 0.90. The firm has a market cap of $57.82 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.53 and a beta of 1.01. The firm’s fifty day moving average is $18.82 and its two-hundred day moving average is $17.86.

PG&E (NYSE:PCG) last posted its quarterly earnings results on Thursday, July 25th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. PG&E had a net margin of 10.22% and a return on equity of 11.76%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Research analysts expect that PG&E Co. will post 1.36 EPS for the current year.

PG&E Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. PG&E’s dividend payout ratio is presently 3.57%.

Insider Activity at PG&E

In related news, VP Stephanie N. Williams sold 38,601 shares of PG&E stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.32, for a total value of $707,170.32. Following the completion of the transaction, the vice president now owns 19,114 shares in the company, valued at approximately $350,168.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays boosted their price objective on shares of PG&E from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company boosted their price objective on shares of PG&E from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Citigroup boosted their price objective on shares of PG&E from $19.00 to $21.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Morgan Stanley boosted their price objective on shares of PG&E from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, PG&E presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.45.

PG&E 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.