Lindbrook Capital LLC Purchases 1,038 Shares of PG&E Co. (NYSE:PCG)

Lindbrook Capital LLC increased its position in PG&E Co. (NYSE:PCG) by 6.7% in the 4th quarter, Holdings Channel reports. The firm owned 16,431 shares of the utilities provider’s stock after buying an additional 1,038 shares during the quarter. Lindbrook Capital LLC’s holdings in PG&E were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCG. Raymond James Trust N.A. lifted its holdings in shares of PG&E by 4.2% during the fourth quarter. Raymond James Trust N.A. now owns 17,013 shares of the utilities provider’s stock valued at $307,000 after acquiring an additional 680 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of PG&E by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 45,332 shares of the utilities provider’s stock valued at $817,000 after acquiring an additional 691 shares during the period. Signaturefd LLC lifted its holdings in shares of PG&E by 10.9% during the third quarter. Signaturefd LLC now owns 8,067 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 794 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of PG&E by 5.5% during the third quarter. Glenmede Trust Co. NA now owns 15,982 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 835 shares during the period. Finally, Caprock Group LLC lifted its holdings in shares of PG&E by 5.1% during the fourth quarter. Caprock Group LLC now owns 20,496 shares of the utilities provider’s stock valued at $370,000 after acquiring an additional 999 shares during the period. 78.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PCG has been the subject of a number of analyst reports. StockNews.com raised PG&E from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Barclays lowered their target price on PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group began coverage on PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 target price for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PG&E presently has an average rating of “Moderate Buy” and a consensus price target of $18.78.

PG&E Price Performance

Shares of PCG stock opened at $16.95 on Tuesday. The firm has a market cap of $36.21 billion, a price-to-earnings ratio of 16.14 and a beta of 1.32. PG&E Co. has a 12 month low of $14.71 and a 12 month high of $18.32. The stock has a 50-day moving average price of $16.54 and a 200 day moving average price of $16.87. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 2.04.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.43 billion. PG&E had a return on equity of 10.84% and a net margin of 9.24%. During the same period in the previous year, the company earned $0.26 EPS. Research analysts expect that PG&E Co. will post 1.35 EPS for the current year.

PG&E Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.24%. PG&E’s payout ratio is currently 3.81%.

About PG&E

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.