Robeco Institutional Asset Management B.V. Has $746,000 Stake in PG&E Co. (NYSE:PCG)

Robeco Institutional Asset Management B.V. cut its position in PG&E Co. (NYSE:PCG - Free Report) by 66.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,716 shares of the utilities provider's stock after selling 75,648 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in PG&E were worth $746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PCG. Rothschild Investment LLC acquired a new stake in PG&E in the 2nd quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in shares of PG&E by 84.7% in the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 1,011 shares during the last quarter. Blue Trust Inc. lifted its position in shares of PG&E by 77.0% in the second quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider's stock worth $40,000 after purchasing an additional 1,027 shares in the last quarter. Plato Investment Management Ltd acquired a new position in PG&E during the second quarter worth $44,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in PG&E by 48.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,596 shares of the utilities provider's stock worth $63,000 after purchasing an additional 1,179 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America initiated coverage on shares of PG&E in a research report on Thursday, September 12th. They set a "buy" rating and a $24.00 price target on the stock. Jefferies Financial Group began coverage on PG&E in a research report on Monday, October 14th. They set a "buy" rating and a $24.00 price target for the company. Morgan Stanley raised their price target on PG&E from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Barclays upped their price objective on PG&E from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Finally, UBS Group raised their target price on shares of PG&E from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.80.

PG&E Price Performance

Shares of PCG traded up $0.49 during trading hours on Monday, hitting $21.09. 11,786,382 shares of the company were exchanged, compared to its average volume of 13,803,301. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.99. PG&E Co. has a fifty-two week low of $15.94 and a fifty-two week high of $21.15. The company has a market cap of $55.15 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.58 and a beta of 1.03. The firm's fifty day moving average is $20.03 and its 200 day moving average is $18.76.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $6.58 billion. PG&E had a net margin of 11.11% and a return on equity of 12.65%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. On average, equities analysts anticipate that PG&E Co. will post 1.36 earnings per share for the current fiscal year.

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date was Monday, September 30th. PG&E's payout ratio is presently 3.13%.

Insider Buying and Selling at PG&E

In other news, VP Stephanie N. Williams sold 38,601 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.32, for a total value of $707,170.32. Following the completion of the transaction, the vice president now owns 19,114 shares of the company's stock, valued at approximately $350,168.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company's stock.

PG&E Profile

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.