Capital International Sarl Increases Position in PG&E Co. (NYSE:PCG)

Capital International Sarl grew its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 34.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,087 shares of the utilities provider's stock after acquiring an additional 17,336 shares during the period. Capital International Sarl's holdings in PG&E were worth $1,354,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PCG. CANADA LIFE ASSURANCE Co raised its position in PG&E by 6.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,838,322 shares of the utilities provider's stock worth $57,299,000 after purchasing an additional 174,707 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of PG&E by 8.4% in the fourth quarter. NewEdge Advisors LLC now owns 201,369 shares of the utilities provider's stock valued at $4,064,000 after buying an additional 15,535 shares during the period. Ceredex Value Advisors LLC raised its position in shares of PG&E by 13.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,995,100 shares of the utilities provider's stock worth $40,261,000 after acquiring an additional 232,100 shares during the last quarter. Jump Financial LLC lifted its stake in shares of PG&E by 12.2% in the fourth quarter. Jump Financial LLC now owns 123,100 shares of the utilities provider's stock worth $2,484,000 after acquiring an additional 13,362 shares during the period. Finally, Guggenheim Capital LLC boosted its holdings in PG&E by 21.8% in the fourth quarter. Guggenheim Capital LLC now owns 174,923 shares of the utilities provider's stock valued at $3,530,000 after acquiring an additional 31,286 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Insider Buying and Selling

In other news, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arno Lockheart Harris bought 6,389 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the acquisition, the director now directly owns 14,864 shares of the company's stock, valued at approximately $232,770.24. This represents a 75.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

PG&E Stock Up 0.8 %

PCG stock traded up $0.14 during trading on Wednesday, reaching $17.58. 16,080,946 shares of the stock were exchanged, compared to its average volume of 16,401,013. 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 twelve month low of $14.99 and a twelve month high of $21.72. The firm's 50 day moving average is $16.56 and its 200 day moving average is $18.30. The firm has a market cap of $46.96 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70.

PG&E (NYSE:PCG - Get Free Report) last issued 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 company had revenue of $6.63 billion for the quarter, compared to analyst estimates 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 firm earned $0.47 earnings per share. As a group, research analysts forecast that PG&E Co. will post 1.49 EPS for the current year.

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Monday, March 31st. PG&E's payout ratio is presently 8.70%.

Analyst Ratings Changes

PCG has been the topic of a number of recent analyst reports. UBS Group downgraded shares of PG&E from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $22.00 to $19.00 in a research report on Wednesday, March 19th. BMO Capital Markets dropped their target price 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 cut 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. Jefferies Financial Group lifted their price objective on PG&E from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley upped their target price on PG&E from $16.50 to $17.50 and gave the company an "underweight" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, PG&E has a consensus rating of "Moderate Buy" and a consensus target price of $21.75.

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.