34,760 Shares in PG&E Co. (NYSE:PCG) Acquired by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan acquired a new stake in shares of PG&E Co. (NYSE:PCG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 34,760 shares of the utilities provider's stock, valued at approximately $701,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in PG&E by 68.3% in the fourth 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 period. UMB Bank n.a. grew its stake in shares of 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 during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of PG&E by 746.0% during the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock valued at $110,000 after acquiring an additional 4,819 shares during the period. Sierra Ocean LLC acquired a new stake in shares of PG&E during the 4th quarter worth approximately $111,000. Finally, Huntington National Bank lifted its stake in PG&E by 24.9% in the fourth quarter. Huntington National Bank now owns 6,036 shares of the utilities provider's stock valued at $122,000 after buying an additional 1,205 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

PG&E Stock Down 1.8 %

NYSE PCG traded down $0.32 during trading hours on Monday, hitting $16.92. The company's stock had a trading volume of 1,553,614 shares, compared to its average volume of 16,332,286. The company has a market capitalization of $45.19 billion, a PE ratio of 14.71, a price-to-earnings-growth 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's 50-day simple moving average is $16.51 and its two-hundred day simple moving average is $18.33. 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 results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. The company had revenue of $6.63 billion for the quarter, compared to analysts' expectations of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same quarter in the previous year, the firm posted $0.47 EPS. Research analysts anticipate that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Monday, March 31st. PG&E's dividend payout ratio is presently 8.70%.

Insider Buying and Selling at PG&E

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the business'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 value 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. The trade was a 15.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arno Lockheart Harris purchased 6,389 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was bought at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

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

PG&E Company 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.