PG&E Co. (NYSE:PCG) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its holdings in PG&E Co. (NYSE:PCG - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,203 shares of the utilities provider's stock after buying an additional 68,600 shares during the quarter. Mizuho Securities USA LLC's holdings in PG&E were worth $4,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PCG. Versant Capital Management Inc raised its holdings 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 purchasing an additional 626 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of PG&E by 61.5% in the 4th quarter. UMB Bank n.a. now owns 3,956 shares of the utilities provider's stock valued at $80,000 after buying an additional 1,506 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of PG&E by 746.0% in the fourth quarter. First Horizon Advisors Inc. now owns 5,465 shares of the utilities provider's stock worth $110,000 after buying an additional 4,819 shares during the last quarter. Sierra Ocean LLC acquired a new stake in PG&E during the fourth quarter worth about $111,000. Finally, Brooklyn Investment Group purchased a new position in PG&E during the third quarter valued at approximately $115,000. Institutional investors and hedge funds own 78.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PCG shares. Barclays dropped their price objective on shares of PG&E from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Morgan Stanley lifted their price objective on shares of PG&E from $16.50 to $17.50 and gave the company an "underweight" rating in a report on Thursday, March 20th. Mizuho upped their price objective on shares of PG&E from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. BMO Capital Markets lifted their price target on PG&E from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Guggenheim cut PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.05.

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Insiders Place Their Bets

In other PG&E news, Director Arno Lockheart Harris acquired 6,389 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the acquisition, the director now owns 14,864 shares of the company's stock, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

PG&E Price Performance

NYSE PCG traded down $0.09 during trading hours on Thursday, hitting $17.15. 11,950,823 shares of the company's stock traded hands, compared to its average volume of 15,119,024. The company has a market capitalization of $45.81 billion, a PE ratio of 14.91, a PEG ratio of 1.09 and a beta of 1.04. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. The firm's 50-day moving average is $16.21 and its 200-day moving average is $18.72.

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

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.025 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. PG&E's dividend payout ratio is currently 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.