Dimensional Fund Advisors LP Buys 670,642 Shares of PG&E Co. (NYSE:PCG)

Dimensional Fund Advisors LP raised its position in shares of PG&E Co. (NYSE:PCG - Free Report) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,584,262 shares of the utilities provider's stock after purchasing an additional 670,642 shares during the period. Dimensional Fund Advisors LP owned 0.29% of PG&E worth $153,048,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PCG. Barclays PLC raised its holdings in shares of PG&E by 8.0% during the 3rd quarter. Barclays PLC now owns 5,692,521 shares of the utilities provider's stock valued at $112,541,000 after purchasing an additional 420,133 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in PG&E during the third quarter valued at about $349,000. Tidal Investments LLC lifted its position in shares of PG&E by 4.7% in the third quarter. Tidal Investments LLC now owns 55,938 shares of the utilities provider's stock worth $1,106,000 after buying an additional 2,527 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of PG&E by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 17,116,725 shares of the utilities provider's stock worth $346,443,000 after acquiring an additional 681,369 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of PG&E by 6.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,722,110 shares of the utilities provider's stock valued at $53,816,000 after acquiring an additional 169,503 shares during the last quarter. Institutional investors own 78.56% of the company's stock.

PG&E Stock Performance

Shares of PCG traded up $0.14 on Monday, reaching $17.28. 10,084,438 shares of the stock traded hands, compared to its average volume of 16,411,291. The stock's 50-day moving average price is $16.68 and its 200-day moving average price is $18.25. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.05 and a quick ratio of 1.00. The firm has a market cap of $46.16 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.09 and a beta of 0.70. PG&E Co. has a 12 month low of $14.99 and a 12 month high of $21.72.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.02). PG&E had a net margin of 10.27% and a return on equity of 10.94%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same quarter in the prior year, the company posted $0.37 EPS. The company's quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that PG&E Co. will post 1.49 EPS for the current fiscal year.

PG&E Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.58%. PG&E's payout ratio is presently 9.17%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an "underweight" rating on shares of PG&E in a research report on Wednesday, April 23rd. UBS Group downgraded shares of PG&E from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $22.00 to $19.00 in a report on Wednesday, March 19th. Guggenheim lifted their target price on shares of PG&E from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. restated an "overweight" rating and set a $22.00 price target on shares of PG&E in a 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 on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.96.

Insider Buying and Selling

In other news, Director Arno Lockheart Harris bought 6,389 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the purchase, the director now owns 14,864 shares of the company's stock, valued at approximately $232,770.24. The trade was a 75.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 approximately $3,006,104.95. This trade represents 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 owned by corporate insiders.

PG&E Company 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.