PG&E Co. (NYSE:PCG) Shares Sold by Natixis

Natixis lessened its holdings in PG&E Co. (NYSE:PCG - Free Report) by 87.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,122 shares of the utilities provider's stock after selling 104,912 shares during the quarter. Natixis' holdings in PG&E were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCG. Barclays PLC increased its holdings in PG&E by 8.0% in the third quarter. Barclays PLC now owns 5,692,521 shares of the utilities provider's stock valued at $112,541,000 after buying an additional 420,133 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in PG&E in the third quarter valued at $349,000. Tidal Investments LLC increased its position in shares of PG&E by 4.7% in the third quarter. Tidal Investments LLC now owns 55,938 shares of the utilities provider's stock valued at $1,106,000 after buying an additional 2,527 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of PG&E by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 17,116,725 shares of the utilities provider's stock worth $346,443,000 after buying an additional 681,369 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of PG&E by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,722,110 shares of the utilities provider's stock worth $53,816,000 after buying an additional 169,503 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Insider Transactions at PG&E

In related news, EVP Carla J. Peterman sold 32,521 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arno Lockheart Harris purchased 6,389 shares of PG&E stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the transaction, the director now directly owns 14,864 shares in the company, valued at $232,770.24. This represents a 75.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company's stock.

PG&E Trading Up 0.8 %

PCG stock traded up $0.14 on Monday, hitting $17.28. 10,084,438 shares of the company were exchanged, compared to its average volume of 16,411,291. 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 stock has a market capitalization of $46.16 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The business's fifty day moving average is $16.68 and its two-hundred day moving average is $18.25.

PG&E (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). PG&E had a return on equity of 10.94% and a net margin of 10.27%. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same quarter in the previous year, the company earned $0.37 earnings per share. The company's quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, March 31st. PG&E's dividend payout ratio is currently 9.17%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Evercore ISI lifted their price objective on PG&E from $15.00 to $17.00 and gave the stock an "in-line" rating in a research report on Monday. Guggenheim increased their target price on PG&E from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday. Morgan Stanley reissued an "underweight" rating on shares of PG&E in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group upped their price objective on PG&E from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, PG&E has a consensus rating of "Moderate Buy" and a consensus price target of $20.96.

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.