Caisse Des Depots ET Consignations Makes New Investment in PG&E Co. (NYSE:PCG)

Caisse Des Depots ET Consignations acquired a new position in PG&E Co. (NYSE:PCG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 227,831 shares of the utilities provider's stock, valued at approximately $4,598,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PCG. Versant Capital Management Inc raised 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 valued at $31,000 after buying an additional 626 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of PG&E by 4.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock valued at $330,000 after buying an additional 715 shares during the last quarter. Continuum Advisory LLC increased its holdings in PG&E by 11.4% in the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider's stock worth $157,000 after buying an additional 769 shares in the last quarter. iA Global Asset Management Inc. raised its position in PG&E by 2.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider's stock worth $624,000 after buying an additional 812 shares during the last quarter. Finally, Clarius Group LLC lifted its stake in PG&E by 8.2% during the 4th quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider's stock valued at $223,000 after acquiring an additional 833 shares during the period. Hedge funds and other institutional investors own 78.56% of the company's stock.

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Insider Buying and Selling at PG&E

In other news, Director Arno Lockheart Harris acquired 6,389 shares of PG&E stock in a transaction 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 purchase, the director now directly owns 14,864 shares in the company, valued at $232,770.24. The trade was a 75.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the transaction, the executive vice president now 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 insiders.

PG&E Price Performance

PCG stock traded up $0.08 during trading on Monday, reaching $17.06. The company's stock had a trading volume of 4,433,410 shares, compared to its average volume of 15,841,732. The company's fifty day moving average is $16.21 and its 200-day moving average is $18.67. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The company has a market capitalization of $45.56 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86.

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

PG&E Announces Dividend

The business 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 dividend of $0.025 per share. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.59%. PG&E's payout ratio is 8.70%.

Analyst Ratings Changes

PCG has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of PG&E from $16.50 to $17.50 and gave the company an "underweight" rating in a report on Thursday, March 20th. Guggenheim lowered shares of PG&E from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 18th. UBS Group lowered PG&E from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. Barclays lowered their target price on PG&E from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Finally, BMO Capital Markets upped their price target on shares of PG&E from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.05.

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.