16,517 Shares in PG&E Co. (NYSE:PCG) Purchased by Banco Santander S.A.

Banco Santander S.A. bought a new position in PG&E Co. (NYSE:PCG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,517 shares of the utilities provider's stock, valued at approximately $333,000.

Several other large investors have also recently modified their holdings of PCG. Janney Montgomery Scott LLC boosted its position in shares of PG&E by 17.6% in the third quarter. Janney Montgomery Scott LLC now owns 80,874 shares of the utilities provider's stock valued at $1,599,000 after acquiring an additional 12,092 shares during the period. Principal Financial Group Inc. boosted its position in shares of PG&E by 6.6% in the third quarter. Principal Financial Group Inc. now owns 2,722,110 shares of the utilities provider's stock valued at $53,816,000 after acquiring an additional 169,503 shares during the period. Assetmark Inc. boosted its position in shares of PG&E by 35.9% in the third quarter. Assetmark Inc. now owns 86,663 shares of the utilities provider's stock valued at $1,713,000 after acquiring an additional 22,893 shares during the period. Apollon Wealth Management LLC bought a new position in shares of PG&E in the third quarter valued at approximately $203,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of PG&E by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,094,874 shares of the utilities provider's stock valued at $100,726,000 after acquiring an additional 64,794 shares during the period. Hedge funds and other institutional investors own 78.56% of the company's stock.

PG&E Trading Up 2.5 %

Shares of PCG traded up $0.41 during mid-day trading on Friday, reaching $16.81. The company's stock had a trading volume of 14,154,190 shares, compared to its average volume of 15,142,883. The stock has a market cap of $44.89 billion, a PE ratio of 14.61, a P/E/G ratio of 1.09 and a beta of 1.04. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The company's fifty day moving average price is $16.43 and its two-hundred day moving average price is $18.88.

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PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same period in the previous year, the business posted $0.47 EPS. On average, analysts predict that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Dividend Announcement

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

Insider Buying and Selling

In related news, Director Arno Lockheart Harris acquired 6,389 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the acquisition, the director now owns 14,864 shares of the company's stock, valued at $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carla J. Peterman sold 32,521 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $16.37, for a total transaction of $532,368.77. Following the completion of the transaction, the executive vice president now owns 183,635 shares of the company's stock, valued at $3,006,104.95. This trade 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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PCG shares. JPMorgan Chase & Co. restated an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a research report on Wednesday, February 12th. Morgan Stanley lowered shares of PG&E from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $20.00 to $16.50 in a research report on Friday, February 14th. Mizuho lifted their target price on shares of PG&E from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Guggenheim lowered shares of PG&E from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 18th. Finally, UBS Group dropped their target price on shares of PG&E from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.23.

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.