Stratos Wealth Partners LTD. Makes New $184,000 Investment in PG&E Co. (NYSE:PCG)

Stratos Wealth Partners LTD. purchased a new stake in shares of PG&E Co. (NYSE:PCG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,187 shares of the utilities provider’s stock, valued at approximately $184,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Street Markets LLC bought a new stake in PG&E during the 4th quarter worth approximately $26,000. Quarry LP bought a new position in shares of PG&E in the second quarter worth $34,000. Toth Financial Advisory Corp purchased a new stake in shares of PG&E in the third quarter worth $35,000. Planned Solutions Inc. purchased a new stake in shares of PG&E in the fourth quarter worth $37,000. Finally, AdvisorNet Financial Inc boosted its stake in PG&E by 470.6% during the third quarter. AdvisorNet Financial Inc now owns 2,442 shares of the utilities provider’s stock valued at $39,000 after buying an additional 2,014 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com upgraded PG&E from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. The Goldman Sachs Group began coverage on shares of PG&E in a research note on Wednesday, April 10th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Barclays cut their price target on shares of PG&E from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, PG&E has a consensus rating of “Moderate Buy” and an average price target of $18.78.

PG&E Stock Down 1.6 %

Shares of PCG opened at $16.03 on Wednesday. PG&E Co. has a 1 year low of $14.71 and a 1 year high of $18.32. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.83 and a quick ratio of 0.78. The stock has a 50 day simple moving average of $16.51 and a two-hundred day simple moving average of $16.83. The firm has a market cap of $34.26 billion, a P/E ratio of 15.27 and a beta of 1.32.

PG&E (NYSE:PCG) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.43 billion. PG&E had a net margin of 9.24% and a return on equity of 10.84%. During the same quarter in the prior year, the company earned $0.26 EPS. On average, analysts forecast that PG&E Co. will post 1.35 earnings per share for the current fiscal year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.25%. PG&E’s dividend 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.