Capital Fund Management S.A. Boosts Stock Holdings in PG&E Co. (NYSE:PCG)

Capital Fund Management S.A. raised its stake in PG&E Co. (NYSE:PCG - Free Report) by 3,662.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204,816 shares of the utilities provider's stock after acquiring an additional 1,172,795 shares during the period. Capital Fund Management S.A.'s holdings in PG&E were worth $24,313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in PG&E by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 254,358,968 shares of the utilities provider's stock valued at $5,132,964,000 after acquiring an additional 6,151,233 shares during the period. Geode Capital Management LLC raised its stake in PG&E by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 51,988,553 shares of the utilities provider's stock worth $1,046,462,000 after buying an additional 2,151,494 shares during the period. Norges Bank acquired a new stake in PG&E in the 4th quarter valued at $591,625,000. Pictet Asset Management Holding SA raised its holdings in shares of PG&E by 0.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 17,385,629 shares of the utilities provider's stock worth $350,842,000 after acquiring an additional 82,705 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in PG&E by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 17,116,725 shares of the utilities provider's stock valued at $346,443,000 after acquiring an additional 681,369 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors.

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PG&E Stock Performance

Shares of PCG traded up $0.10 during mid-day trading on Tuesday, hitting $17.16. 10,913,937 shares of the company traded hands, compared to its average volume of 16,277,897. The stock has a market cap of $45.83 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.09 and a beta of 0.70. The stock has a 50-day moving average price of $16.38 and a two-hundred day moving average price of $18.40. PG&E Co. has a 1 year low of $14.99 and a 1 year high of $21.72. 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 (NYSE:PCG - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, meeting 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 the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. Equities analysts anticipate that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Dividend Announcement

The business 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 annualized dividend and a yield of 0.58%. The ex-dividend date is Monday, March 31st. PG&E's payout ratio is currently 8.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Guggenheim downgraded shares of PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. Barclays cut their price target on shares of PG&E from $23.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley boosted their target price on PG&E from $16.50 to $17.50 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. restated an "overweight" rating and set a $22.00 price target on shares of PG&E in a research report on Wednesday, February 12th. Finally, BMO Capital Markets lowered their price target on PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.95.

Insider Buying and Selling at PG&E

In other PG&E news, Director Arno Lockheart Harris purchased 6,389 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the purchase, the director now directly owns 14,864 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, EVP Carla J. Peterman sold 32,521 shares of PG&E stock in a transaction on Tuesday, March 4th. The stock was 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 directly owns 183,635 shares of the company's stock, 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.

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.