First Belief Direct Indexing L.P. lifted its place in shares of PG&E Co. (NYSE:PCG – Free Report) by 10.8% in the course of the third quarter, HoldingsChannel studies. The fund owned 37,885 shares of the utilities supplier’s inventory after buying an extra 3,682 shares in the course of the quarter. First Belief Direct Indexing L.P.’s holdings in PG&E have been value $749,000 as of its most up-to-date submitting with the Securities & Change Fee.
Different institutional buyers and hedge funds have additionally made modifications to their positions within the firm. Jupiter Asset Administration Ltd. acquired a brand new stake in shares of PG&E within the first quarter valued at roughly $2,153,000. Mitsubishi UFJ Asset Administration Co. Ltd. grew its holdings in PG&E by 19.8% in the course of the 1st quarter. Mitsubishi UFJ Asset Administration Co. Ltd. now owns 2,486,117 shares of the utilities supplier’s inventory valued at $41,667,000 after buying an extra 410,409 shares within the final quarter. Bayesian Capital Administration LP acquired a brand new stake in PG&E in the course of the 1st quarter valued at $2,377,000. Scientech Analysis LLC acquired a brand new stake in PG&E in the course of the 2nd quarter valued at $1,122,000. Lastly, Allspring World Investments Holdings LLC grew its holdings in PG&E by 808.5% in the course of the 2nd quarter. Allspring World Investments Holdings LLC now owns 1,243,020 shares of the utilities supplier’s inventory valued at $21,703,000 after buying an extra 1,106,200 shares within the final quarter. 78.56% of the inventory is presently owned by institutional buyers and hedge funds.
PG&E Inventory Efficiency
PCG opened at $20.04 on Friday. The corporate has a present ratio of 0.90, a fast ratio of 0.86 and a debt-to-equity ratio of 1.99. The inventory’s 50 day easy transferring common is $19.92 and its 200-day easy transferring common is $18.62. PG&E Co. has a 1 12 months low of $15.94 and a 1 12 months excessive of $20.93. The inventory has a market cap of $52.41 billion, a PE ratio of 17.13, a P/E/G ratio of 1.55 and a beta of 1.03.
PG&E Proclaims Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Tuesday, October fifteenth. Shareholders of document on Monday, September thirtieth have been issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized foundation and a yield of 0.20%. The ex-dividend date of this dividend was Monday, September thirtieth. PG&E’s dividend payout ratio is presently 3.42%.
Wall Avenue Analyst Weigh In
A number of analysis analysts have weighed in on PCG shares. Jefferies Monetary Group began protection on shares of PG&E in a report on Monday, October 14th. They set a “purchase” score and a $24.00 worth goal for the corporate. UBS Group raised their worth goal on shares of PG&E from $24.00 to $26.00 and gave the inventory a “purchase” score in a analysis report on Tuesday, September third. Financial institution of America started protection on shares of PG&E in a analysis report on Thursday, September twelfth. They issued a “purchase” score and a $24.00 worth goal on the inventory. Barclays boosted their worth goal on shares of PG&E from $24.00 to $25.00 and gave the inventory an “obese” score in a analysis report on Monday, October twenty first. Lastly, Morgan Stanley boosted their worth goal on shares of PG&E from $19.00 to $20.00 and gave the inventory an “equal weight” score in a analysis report on Wednesday, September twenty fifth. Two analysts have rated the inventory with a maintain score and 9 have assigned a purchase score to the corporate’s inventory. In line with MarketBeat.com, PG&E presently has a consensus score of “Average Purchase” and a median worth goal of $22.80.
Learn Our Newest Report on PCG
Insiders Place Their Bets
In different information, VP Stephanie N. Williams offered 38,601 shares of the agency’s inventory in a transaction dated Thursday, August fifteenth. The shares have been offered at a median worth of $18.32, for a complete worth of $707,170.32. Following the transaction, the vice chairman now owns 19,114 shares of the corporate’s inventory, valued at roughly $350,168.48. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which is obtainable by this hyperlink. Insiders personal 0.15% of the corporate’s inventory.
PG&E Profile
PG&E Company, by its subsidiary, Pacific Fuel and Electrical Firm, engages within the sale and supply of electrical energy and pure fuel to clients in northern and central California, the US. It generates electrical energy utilizing nuclear, hydroelectric, fossil fuel-fired, gas cell, and photovoltaic sources.
See Additionally
Need to see what different hedge funds are holding PCG? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for PG&E Co. (NYSE:PCG – Free Report).
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