PG&E Co. (NYSE:PCG) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,988,553 shares of the utilities provider's stock after purchasing an additional 2,151,494 shares during the period. Geode Capital Management LLC owned approximately 1.99% of PG&E worth $1,046,462,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of PG&E by 6.9% during the fourth quarter. National Bank of Canada FI now owns 2,222,983 shares of the utilities provider's stock valued at $44,828,000 after buying an additional 143,554 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of PG&E by 18.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 74,164 shares of the utilities provider's stock worth $1,497,000 after acquiring an additional 11,411 shares during the last quarter. ClearBridge Investments Ltd boosted its holdings in PG&E by 10.0% during the 4th quarter. ClearBridge Investments Ltd now owns 7,481,722 shares of the utilities provider's stock valued at $150,981,000 after acquiring an additional 680,916 shares during the period. CIBC Private Wealth Group LLC grew its position in PG&E by 28.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,969 shares of the utilities provider's stock valued at $134,000 after acquiring an additional 1,538 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in PG&E by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 6,843,477 shares of the utilities provider's stock worth $138,101,000 after purchasing an additional 136,825 shares during the period. Hedge funds and other institutional investors own 78.56% of the company's stock.

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PG&E Stock Down 2.9 %

Shares of PG&E stock traded down $0.47 on Monday, reaching $15.97. The stock had a trading volume of 8,573,281 shares, compared to its average volume of 16,062,640. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $42.66 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.09 and a beta of 0.70. The company has a 50 day moving average price of $16.25 and a 200 day moving average price of $18.58. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72.

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

PG&E Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, March 31st. PG&E's dividend payout ratio is currently 8.70%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PCG shares. Guggenheim lowered shares of PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. UBS Group downgraded shares of PG&E from a "buy" rating to a "neutral" rating and decreased their price target for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a research note on Wednesday, February 12th. Morgan Stanley lifted 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. Finally, Barclays dropped their price target on PG&E from $24.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $22.05.

Insider Buying and Selling at PG&E

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the company'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 transaction of $532,368.77. Following the transaction, the executive vice president now owns 183,635 shares in the company, valued at approximately $3,006,104.95. This represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arno Lockheart Harris acquired 6,389 shares of the stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the purchase, the director now directly owns 14,864 shares of the company's stock, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.

About PG&E

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.