PG&E Co. (NYSE:PCG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in PG&E Co. (NYSE:PCG - Free Report) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,844,870 shares of the utilities provider's stock after selling 89,411 shares during the quarter. New York State Common Retirement Fund owned 0.07% of PG&E worth $37,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in 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 during the period. UMB Bank n.a. boosted its holdings in shares of PG&E by 61.5% in the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock worth $80,000 after buying an additional 1,506 shares during the last quarter. Blue Trust Inc. grew its position in PG&E by 77.7% during the third quarter. Blue Trust Inc. now owns 4,195 shares of the utilities provider's stock valued at $83,000 after buying an additional 1,834 shares during the period. Catalyst Capital Advisors LLC raised its holdings in PG&E by 98.5% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider's stock worth $86,000 after purchasing an additional 2,154 shares during the period. Finally, Huntington National Bank lifted its position in shares of PG&E by 32.9% during the 3rd quarter. Huntington National Bank now owns 4,831 shares of the utilities provider's stock valued at $96,000 after buying an additional 1,195 shares in the last quarter. 78.56% of the stock is owned by institutional investors.

Insider Transactions at PG&E

In other PG&E news, CEO Patricia K. Poppe sold 55,555 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $20.66, for a total transaction of $1,147,766.30. Following the transaction, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PCG. UBS Group dropped their price objective on PG&E from $24.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Mizuho boosted their target price on shares of PG&E from $24.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. BMO Capital Markets raised their target price on shares of PG&E from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday. Barclays dropped their target price on PG&E from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, Morgan Stanley cut shares of PG&E from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $20.00 to $16.50 in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, PG&E currently has a consensus rating of "Moderate Buy" and an average price target of $22.23.

PG&E Stock Performance

Shares of NYSE PCG traded up $0.25 during midday trading on Friday, reaching $15.94. The company had a trading volume of 32,045,884 shares, compared to its average volume of 28,269,914. 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's 50-day simple moving average is $17.50 and its 200 day simple moving average is $19.10. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. The stock has a market cap of $42.57 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.09 and a beta of 0.99.

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

PG&E Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 0.63%. PG&E's dividend payout ratio (DPR) is 8.70%.

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.