Mercer Global Advisors Inc. ADV Has $8.78 Million Stock Holdings in PG&E Co. (NYSE:PCG)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of PG&E Co. (NYSE:PCG) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 468,216 shares of the utilities provider’s stock after purchasing an additional 30,542 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in PG&E were worth $8,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rothschild Investment LLC acquired a new stake in PG&E in the 2nd quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in shares of PG&E by 84.7% in the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock worth $38,000 after buying an additional 1,011 shares during the last quarter. Vima LLC bought a new stake in shares of PG&E during the 4th quarter worth $41,000. Blue Trust Inc. grew its stake in PG&E by 77.0% in the 2nd quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock valued at $40,000 after buying an additional 1,027 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new position in PG&E in the 2nd quarter worth $44,000. Institutional investors own 78.56% of the company’s stock.

Analyst Upgrades and Downgrades

PCG has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target 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. Bank of America assumed coverage on PG&E in a report on Thursday, September 12th. They issued a “buy” rating and a $24.00 target price on the stock. Citigroup upped their price target on PG&E from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Barclays raised their price objective on shares of PG&E from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of PG&E from a “neutral” rating to an “overweight” rating and upped their target price for the company from $19.00 to $22.00 in a research note on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.45.

PG&E Trading Up 2.4 %

Shares of PG&E stock opened at $20.08 on Friday. PG&E Co. has a 52-week low of $14.71 and a 52-week high of $20.65. The firm has a market capitalization of $57.82 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.86. The company’s fifty day moving average price is $18.82 and its two-hundred day moving average price is $17.86.

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

PG&E Dividend Announcement

The business 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. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Monday, September 30th. PG&E’s dividend payout ratio is 3.57%.

Insider Buying and Selling at PG&E

In other PG&E news, VP Stephanie N. Williams sold 38,601 shares of PG&E stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $18.32, for a total transaction of $707,170.32. Following the completion of the transaction, the vice president now directly owns 19,114 shares of the company’s stock, valued at $350,168.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

PG&E Company 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.