Capital Research Global Investors Has $944.54 Million Stock Holdings in PG&E Co. (NYSE:PCG)

Capital Research Global Investors boosted its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 70.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 46,805,768 shares of the utilities provider's stock after purchasing an additional 19,317,171 shares during the period. Capital Research Global Investors owned approximately 1.79% of PG&E worth $944,540,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PCG. Dimensional Fund Advisors LP increased its stake in PG&E by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,584,262 shares of the utilities provider's stock valued at $153,048,000 after buying an additional 670,642 shares during the period. Capital International Sarl grew its holdings in PG&E by 34.8% during the fourth quarter. Capital International Sarl now owns 67,087 shares of the utilities provider's stock worth $1,354,000 after acquiring an additional 17,336 shares during the period. CANADA LIFE ASSURANCE Co raised its position in PG&E by 6.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,838,322 shares of the utilities provider's stock worth $57,299,000 after acquiring an additional 174,707 shares in the last quarter. NewEdge Advisors LLC raised its position in PG&E by 8.4% in the fourth quarter. NewEdge Advisors LLC now owns 201,369 shares of the utilities provider's stock worth $4,064,000 after acquiring an additional 15,535 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in PG&E by 13.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 1,995,100 shares of the utilities provider's stock valued at $40,261,000 after acquiring an additional 232,100 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.

PG&E Stock Performance

PCG stock traded down $0.12 on Thursday, reaching $17.42. The company's stock had a trading volume of 15,162,202 shares, compared to its average volume of 16,423,074. The firm has a fifty day moving average of $16.60 and a two-hundred day moving average of $18.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. The company has a market capitalization of $46.53 billion, a P/E ratio of 15.15, 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.

PG&E (NYSE:PCG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. PG&E had a return on equity of 10.94% and a net margin of 10.27%. As a group, analysts predict 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. Investors of record on Monday, March 31st were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Monday, March 31st. PG&E's payout ratio is currently 8.70%.

Insiders Place Their Bets

In other news, EVP Carla J. Peterman sold 32,521 shares of the business'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 sale, the executive vice president now directly owns 183,635 shares of the company's stock, valued at $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arno Lockheart Harris purchased 6,389 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of $15.66 per share, with a total value of $100,051.74. Following the transaction, the director now directly owns 14,864 shares in the company, valued at $232,770.24. This trade 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 owned by company insiders.

Analysts Set New Price Targets

PCG has been the topic of several research reports. BMO Capital Markets lowered their target price on 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 target price on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Guggenheim downgraded shares of PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. Jefferies Financial Group increased their price target on shares of PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price objective on PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a research 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.75.

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.