Amundi Buys 106,696 Shares of PG&E Co. (NYSE:PCG)

Amundi grew its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,106,892 shares of the utilities provider's stock after acquiring an additional 106,696 shares during the quarter. Amundi owned about 0.20% of PG&E worth $98,308,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PCG. Versant Capital Management Inc grew its stake in PG&E by 68.3% during the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after buying an additional 626 shares in the last quarter. UMB Bank n.a. raised its position in PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock valued at $80,000 after purchasing an additional 1,506 shares in the last quarter. Huntington National Bank lifted its stake in PG&E by 32.9% during the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider's stock worth $96,000 after purchasing an additional 1,195 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of PG&E by 746.0% in the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock valued at $110,000 after purchasing an additional 4,819 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of PG&E in the 4th quarter valued at $111,000. Institutional investors own 78.56% of the company's stock.

Insider Buying and Selling

In other news, Director Arno Lockheart Harris acquired 6,389 shares of PG&E stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $15.66 per share, with a total value of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares in the company, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total value of $532,368.77. Following the completion of the sale, the executive vice president now directly owns 183,635 shares of the company's stock, valued at $3,006,104.95. This represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

PCG has been the subject of several recent analyst reports. UBS Group dropped their price objective on PG&E from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. restated an "overweight" rating and issued a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. BMO Capital Markets upped their price target on shares of PG&E from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Morgan Stanley lowered PG&E from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $20.00 to $16.50 in a research report on Friday, February 14th. Finally, Barclays cut their price target on PG&E from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.23.

PG&E Stock Up 2.5 %

Shares of PCG stock traded up $0.41 on Friday, hitting $16.81. The stock had a trading volume of 14,154,190 shares, compared to its average volume of 15,142,883. PG&E Co. has a 12-month low of $14.99 and a 12-month high of $21.72. The stock has a market cap of $44.89 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. The business has a 50 day moving average of $16.43 and a 200 day moving average of $18.88. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00.

PG&E (NYSE:PCG - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, analysts expect that PG&E Co. will post 1.49 EPS for the current year.

PG&E Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.60%. PG&E's payout ratio is currently 8.70%.

About PG&E

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.