PG&E Co. (NYSE:PCG) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 46.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 741,611 shares of the utilities provider's stock after selling 631,080 shares during the quarter. Bridgewater Associates LP's holdings in PG&E were worth $14,966,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in shares of PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock valued at $31,000 after acquiring an additional 626 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of PG&E by 61.5% in the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock worth $80,000 after buying an additional 1,506 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of PG&E by 746.0% during 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. Sierra Ocean LLC purchased a new position in PG&E in the fourth quarter valued at $111,000. Finally, Huntington National Bank raised its position in shares of PG&E by 24.9% in the fourth quarter. Huntington National Bank now owns 6,036 shares of the utilities provider's stock worth $122,000 after acquiring an additional 1,205 shares during the period. Hedge funds and other institutional investors own 78.56% of the company's stock.

Insider Transactions at PG&E

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

Analyst Ratings Changes

A number of analysts have recently commented on PCG shares. BMO Capital Markets cut their price objective on PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Barclays dropped their target price on PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. UBS Group cut PG&E from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. Guggenheim cut shares of PG&E from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on shares of PG&E from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.95.

PG&E Stock Up 0.3 %

Shares of NYSE PCG traded up $0.05 during mid-day trading on Friday, reaching $17.23. The company had a trading volume of 15,360,295 shares, compared to its average volume of 16,365,429. The firm has a 50 day simple moving average of $16.51 and a two-hundred day simple moving average of $18.35. The stock has a market cap of $46.02 billion, a P/E ratio of 14.98, a PEG ratio of 1.09 and a beta of 0.70. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. 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 (NYSE:PCG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $6.63 billion during 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 period in the prior year, the company earned $0.47 earnings per share. Sell-side analysts predict that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, March 31st. PG&E's dividend payout ratio (DPR) is presently 8.70%.

PG&E Profile

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.