PG&E Co. (NYSE:PCG) Shares Sold by Jones Financial Companies Lllp

Jones Financial Companies Lllp reduced its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 39.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,025 shares of the utilities provider's stock after selling 18,206 shares during the quarter. Jones Financial Companies Lllp's holdings in PG&E were worth $566,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in PG&E by 68.3% in the 4th quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after purchasing an additional 626 shares during the period. Commerce Bank raised its stake in shares of PG&E by 1.5% during the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider's stock worth $930,000 after buying an additional 712 shares during the period. Baker Tilly Wealth Management LLC raised its stake in shares of PG&E by 4.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock worth $330,000 after buying an additional 715 shares during the period. Continuum Advisory LLC lifted its position in shares of PG&E by 11.4% during the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider's stock valued at $157,000 after buying an additional 769 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in PG&E by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider's stock worth $624,000 after acquiring an additional 812 shares during the period. 78.56% of the stock is owned by institutional investors and hedge funds.

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PG&E Trading Up 1.2 %

Shares of NYSE PCG traded up $0.20 during trading on Thursday, hitting $16.42. 7,739,561 shares of the company were exchanged, compared to its average volume of 15,137,035. 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 12-month low of $14.99 and a 12-month high of $21.72. The company has a fifty day moving average price of $16.51 and a 200-day moving average price of $18.90. The firm has a market capitalization of $43.85 billion, a PE ratio of 14.27, a P/E/G ratio of 1.09 and a beta of 1.04.

PG&E (NYSE:PCG - Get Free Report) last issued 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 company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. As a group, equities research analysts expect that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.025 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.61%. PG&E's payout ratio is 8.70%.

Insiders Place Their Bets

In related news, EVP Carla J. Peterman sold 32,521 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $16.37, for a total value of $532,368.77. Following the sale, the executive vice president now directly owns 183,635 shares in the company, valued at approximately $3,006,104.95. The trade was a 15.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arno Lockheart Harris bought 6,389 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 14,864 shares of the company's stock, valued at $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. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley cut shares of PG&E from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $20.00 to $16.50 in a research note on Friday, February 14th. BMO Capital Markets boosted their price objective on PG&E from $21.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Barclays decreased their target price 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. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $22.00 price target on shares of PG&E in a research report on Wednesday, February 12th. Finally, UBS Group decreased their price objective on PG&E from $24.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.23.

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.