PG&E Co. (NYSE:PCG) Position Increased by Columbus Hill Capital Management L.P.

Columbus Hill Capital Management L.P. grew its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,749,449 shares of the utilities provider's stock after acquiring an additional 280,000 shares during the period. PG&E comprises approximately 6.9% of Columbus Hill Capital Management L.P.'s investment portfolio, making the stock its 5th biggest holding. Columbus Hill Capital Management L.P. owned approximately 0.07% of PG&E worth $35,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in PG&E by 68.3% during the 4th 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 in the last quarter. UMB Bank n.a. raised 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. First Horizon Advisors Inc. grew its stake 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 valued at $110,000 after purchasing an additional 4,819 shares during the last quarter. Sierra Ocean LLC acquired a new position in PG&E in the 4th quarter worth approximately $111,000. Finally, Huntington National Bank raised its position in PG&E by 24.9% during the 4th quarter. Huntington National Bank now owns 6,036 shares of the utilities provider's stock worth $122,000 after buying an additional 1,205 shares during the last quarter. Institutional investors own 78.56% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of PG&E from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Guggenheim downgraded PG&E from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 18th. UBS Group cut PG&E from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $22.00 to $19.00 in a report on Wednesday, March 19th. Morgan Stanley raised their target price on PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and issued a $22.00 price target on shares of PG&E in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.05.

Insider Transactions at PG&E

In other news, Director Arno Lockheart Harris acquired 6,389 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was purchased 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 owns 14,864 shares in the company, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $532,368.77. Following the completion of the transaction, the executive vice president now owns 183,635 shares in the company, valued at $3,006,104.95. The trade was a 15.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

PG&E Price Performance

PG&E stock traded up $0.35 during trading on Friday, reaching $16.82. The company had a trading volume of 3,176,123 shares, compared to its average volume of 16,253,423. The firm has a market capitalization of $44.92 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The firm's 50-day simple moving average is $16.32 and its 200 day simple moving average is $18.45. 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 1-year low of $14.99 and a 1-year high of $21.72.

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

PG&E Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 0.59%. The ex-dividend date of this dividend is Monday, March 31st. PG&E's dividend payout ratio is presently 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.