Cerity Partners LLC Has $20.93 Million Stock Position in PG&E Co. (NYSE:PCG)

Cerity Partners LLC increased its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,038,626 shares of the utilities provider's stock after purchasing an additional 26,183 shares during the period. Cerity Partners LLC's holdings in PG&E were worth $20,930,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of 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 in the last quarter. UMB Bank n.a. lifted its holdings in PG&E by 61.5% in the 4th 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 in the last quarter. First Horizon Advisors Inc. lifted its holdings in PG&E by 746.0% in 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 acquired a new stake in shares of PG&E during the 4th quarter worth about $111,000. Finally, Huntington National Bank grew its holdings in shares of PG&E by 24.9% during the fourth quarter. Huntington National Bank now owns 6,036 shares of the utilities provider's stock worth $122,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

PG&E Stock Up 1.2 %

Shares of PCG stock traded up $0.20 during trading hours on Monday, reaching $17.12. The company had a trading volume of 3,002,202 shares, compared to its average volume of 16,257,993. The company has a market capitalization of $45.73 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The stock's fifty day simple moving average is $16.35 and its 200 day simple moving average is $18.42.

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PG&E (NYSE:PCG - Get Free Report) last posted its 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 net margin of 10.27% and a return on equity of 10.94%. The business 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 company posted $0.47 earnings per share. As a group, sell-side analysts expect that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Monday, March 31st. PG&E's dividend payout ratio is currently 8.70%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PCG. Morgan Stanley raised their target price on shares of PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. UBS Group downgraded PG&E from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $22.00 to $19.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $22.00 target price on shares of PG&E in a research report on Wednesday, February 12th. Guggenheim cut PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets cut 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, PG&E currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.95.

Insider Transactions at PG&E

In other news, Director Arno Lockheart Harris purchased 6,389 shares of PG&E stock in a transaction dated 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 completion of the acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the executive vice president now directly owns 183,635 shares of the company's stock, valued at $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

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.