Teachers Retirement System of The State of Kentucky Acquires 20,722 Shares of PG&E Co. (NYSE:PCG)

Teachers Retirement System of The State of Kentucky raised its holdings in PG&E Co. (NYSE:PCG - Free Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 546,169 shares of the utilities provider's stock after acquiring an additional 20,722 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in PG&E were worth $11,022,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in 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. Baker Tilly Wealth Management LLC increased its stake in PG&E by 4.6% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock valued at $330,000 after purchasing an additional 715 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in shares of PG&E by 7.5% during the fourth quarter. Level Four Advisory Services LLC now owns 11,066 shares of the utilities provider's stock worth $223,000 after purchasing an additional 772 shares during the period. Clarius Group LLC boosted its holdings in shares of PG&E by 8.2% in the 4th quarter. Clarius Group LLC now owns 11,038 shares of the utilities provider's stock valued at $223,000 after buying an additional 833 shares during the period. Finally, Greenleaf Trust raised its stake in PG&E by 5.9% during the fourth quarter. Greenleaf Trust now owns 15,542 shares of the utilities provider's stock worth $314,000 after acquiring an additional 872 shares during the period. Hedge funds and other institutional investors own 78.56% of the company's stock.

PG&E Stock Down 1.4 %

NYSE:PCG traded down $0.25 during trading hours on Friday, hitting $17.14. 10,347,598 shares of the company's stock traded hands, compared to its average volume of 16,424,792. PG&E Co. has a twelve month low of $14.99 and a twelve month high of $21.72. The firm has a market cap of $45.79 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.09 and a beta of 0.70. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.05. The stock's fifty day moving average price is $16.68 and its two-hundred day moving average price is $18.26.

PG&E (NYSE:PCG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). PG&E had a net margin of 10.27% and a return on equity of 10.94%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $6.23 billion. On average, research analysts expect that PG&E Co. will post 1.49 earnings per share for the current fiscal year.

PG&E Announces Dividend

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

Insider Activity at PG&E

In related news, EVP Carla J. Peterman sold 32,521 shares of the firm's 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 transaction, the executive vice president now directly owns 183,635 shares of the company's stock, valued at approximately $3,006,104.95. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arno Lockheart Harris purchased 6,389 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $15.66 per share, with a total value of $100,051.74. Following the completion of the acquisition, the director now directly owns 14,864 shares of the company's stock, valued at approximately $232,770.24. This trade represents a 75.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

PCG has been the subject of several recent research reports. BMO Capital Markets lowered their price target on shares of PG&E from $23.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Barclays lowered their target price on PG&E from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. UBS Group cut shares of PG&E from a "buy" rating to a "neutral" rating and cut their price objective for the company from $22.00 to $19.00 in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $22.00 price target on shares of PG&E in a research note on Wednesday, February 12th. Finally, Morgan Stanley reiterated an "underweight" rating on shares of PG&E in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.32.

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.