PG&E Co. (NYSE:PCG) Shares Bought by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC increased its stake in shares of PG&E Co. (NYSE:PCG - Free Report) by 104.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 725,592 shares of the utilities provider's stock after buying an additional 371,186 shares during the period. PG&E comprises 1.5% of BTG Pactual Asset Management US LLC's portfolio, making the stock its 13th largest holding. BTG Pactual Asset Management US LLC's holdings in PG&E were worth $14,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of PG&E by 68.3% during the 4th 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 in the last quarter. UMB Bank n.a. boosted its position 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 worth $80,000 after purchasing an additional 1,506 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in PG&E by 746.0% in the fourth 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 purchased a new position in shares of PG&E in the fourth quarter valued at $111,000. Finally, Huntington National Bank raised its stake in shares of 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. 78.56% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at PG&E

In other news, Director Arno Lockheart Harris bought 6,389 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was acquired at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the acquisition, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Carla J. Peterman sold 32,521 shares of the firm's stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

PG&E Trading Up 0.6 %

NYSE PCG traded up $0.10 during trading hours on Tuesday, hitting $17.16. 11,010,696 shares of the company's stock were exchanged, compared to its average volume of 16,289,925. The business's 50 day moving average is $16.41 and its 200-day moving average is $18.39. 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 12-month low of $14.99 and a 12-month high of $21.72. The firm has a market capitalization of $45.83 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 earnings per share for the quarter, hitting 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 period in the prior year, the firm posted $0.47 EPS. As a group, analysts anticipate that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.10 annualized dividend and a dividend yield of 0.58%. PG&E's dividend payout ratio is presently 8.70%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Guggenheim downgraded shares of PG&E from a "buy" rating to a "neutral" rating in a report on Tuesday, February 18th. UBS Group cut shares of PG&E from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $22.00 to $19.00 in a research note on Wednesday, March 19th. Morgan Stanley upped their target price on PG&E from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Thursday, March 20th. BMO Capital Markets lowered their target price on PG&E from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday. 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.95.

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.