National Bank of Canada FI Raises Stock Holdings in PG&E Co. (NYSE:PCG)

National Bank of Canada FI grew its holdings in shares of PG&E Co. (NYSE:PCG - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,222,983 shares of the utilities provider's stock after purchasing an additional 143,554 shares during the period. National Bank of Canada FI owned about 0.08% of PG&E worth $44,828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in shares of PG&E by 68.3% during the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after acquiring an additional 626 shares during the last quarter. UMB Bank n.a. grew its holdings in PG&E by 61.5% during the fourth quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock valued at $80,000 after purchasing an additional 1,506 shares during the period. First Horizon Advisors Inc. lifted its holdings in PG&E by 746.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock worth $110,000 after purchasing an additional 4,819 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of PG&E in the fourth quarter worth $111,000. Finally, Exchange Traded Concepts LLC raised its position in PG&E by 32.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,240 shares of the utilities provider's stock valued at $126,000 after purchasing an additional 1,526 shares in the last quarter. Institutional investors own 78.56% of the company's stock.

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PG&E Stock Down 2.9 %

Shares of NYSE:PCG traded down $0.47 on Monday, reaching $15.97. The company had a trading volume of 8,573,281 shares, compared to its average volume of 23,412,320. The firm has a market capitalization of $42.66 billion, a PE ratio of 13.81, a PEG ratio of 1.09 and a beta of 0.70. 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 firm's 50 day simple moving average is $16.25 and its 200-day simple moving average is $18.58. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72.

PG&E (NYSE:PCG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $6.63 billion during 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 quarter in the previous year, the business posted $0.47 EPS. As a group, analysts expect that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, March 31st. PG&E's dividend payout ratio (DPR) is presently 8.70%.

Insiders Place Their Bets

In other news, Director Arno Lockheart Harris bought 6,389 shares of PG&E stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the purchase, the director now directly owns 14,864 shares of the company's stock, valued at approximately $232,770.24. The trade was a 75.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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 disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PCG shares. BMO Capital Markets boosted their target price on shares of PG&E from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Guggenheim cut PG&E from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price target on PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. UBS Group downgraded shares of PG&E from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and issued a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, PG&E 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.