PG&E Co. (NYSE:PCG) Position Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in PG&E Co. (NYSE:PCG - Free Report) by 244.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,706,647 shares of the utilities provider's stock after buying an additional 3,340,599 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of PG&E worth $95,066,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PCG. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of PG&E by 20.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 37,350 shares of the utilities provider's stock valued at $754,000 after purchasing an additional 6,350 shares during the last quarter. Potentia Wealth acquired a new stake in PG&E in the fourth quarter valued at approximately $1,201,000. Prudential Financial Inc. grew its holdings in PG&E by 22.2% during the 4th quarter. Prudential Financial Inc. now owns 1,958,355 shares of the utilities provider's stock valued at $39,520,000 after purchasing an additional 355,977 shares in the last quarter. Vanguard Group Inc. increased its position in shares of PG&E by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider's stock worth $5,132,964,000 after acquiring an additional 6,151,233 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in PG&E by 4.3% during the 4th quarter. LPL Financial LLC now owns 2,073,103 shares of the utilities provider's stock worth $41,835,000 after purchasing an additional 85,081 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company's stock.

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Insider Buying and Selling

In other PG&E news, EVP Carla J. Peterman sold 32,521 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 183,635 shares in the company, valued at $3,006,104.95. This trade represents a 15.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Arno Lockheart Harris purchased 6,389 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were purchased 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 $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. Insiders own 0.15% of the company's stock.

PG&E Price Performance

NYSE:PCG traded down $0.18 during mid-day trading on Friday, reaching $16.98. 15,065,056 shares of the stock were exchanged, compared to its average volume of 15,885,936. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. The business has a fifty day moving average price of $16.21 and a 200 day moving average price of $18.68. PG&E Co. has a 1-year low of $14.99 and a 1-year high of $21.72. The firm has a market capitalization of $45.35 billion, a PE ratio of 14.76, a PEG ratio of 1.09 and a beta of 1.04.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.63 billion for the quarter, compared to analysts' expectations of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same quarter in the previous year, the company posted $0.47 EPS. Research 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Monday, March 31st. PG&E's dividend payout ratio is presently 8.70%.

Analyst Upgrades and Downgrades

PCG has been the topic of a number of research analyst reports. Guggenheim downgraded shares of PG&E from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. Morgan Stanley upped their price objective on PG&E from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Thursday, March 20th. UBS Group downgraded shares of 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. Finally, Barclays dropped 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.05.

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.