PG&E Co. (NYSE:PCG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 767,291 shares of the utilities provider's stock after selling 36,391 shares during the quarter. Victory Capital Management Inc.'s holdings in PG&E were worth $15,484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock worth $31,000 after buying an additional 626 shares during the period. UMB Bank n.a. boosted its position 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 period. Huntington National Bank boosted its position in shares of PG&E by 32.9% in the third quarter. Huntington National Bank now owns 4,831 shares of the utilities provider's stock worth $96,000 after buying an additional 1,195 shares during the period. First Horizon Advisors Inc. boosted its position 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 period. Finally, Sierra Ocean LLC purchased a new stake in shares of PG&E in the fourth quarter worth about $111,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Arno Lockheart Harris purchased 6,389 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of $15.66 per share, for a total transaction of $100,051.74. Following the transaction, the director now owns 14,864 shares of the company's stock, valued at $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 $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 company insiders.

PG&E Trading Up 0.2 %

NYSE:PCG opened at $16.23 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 1.86. The business's 50 day moving average is $16.51 and its two-hundred day moving average is $18.90. PG&E Co. has a 52 week low of $14.99 and a 52 week high of $21.72. The company has a market cap of $43.34 billion, a PE ratio of 14.11, a P/E/G ratio of 1.09 and a beta of 1.04.

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PG&E (NYSE:PCG - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS 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 the consensus estimate of $7.29 billion. During the same quarter last year, the business posted $0.47 EPS. On average, analysts predict that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 31st. PG&E's dividend payout ratio is presently 8.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim downgraded PG&E from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 18th. BMO Capital Markets upped their target price on PG&E from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Barclays decreased their target price on PG&E from $24.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. 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. Finally, Mizuho increased their price target on PG&E from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.23.

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.

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