Xponance Inc. Sells 99,355 Shares of PG&E Co. (NYSE:PCG)

Xponance Inc. decreased its position in PG&E Co. (NYSE:PCG - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,767 shares of the utilities provider's stock after selling 99,355 shares during the period. Xponance Inc.'s holdings in PG&E were worth $6,493,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in PG&E by 17.7% during the 4th quarter. Signaturefd LLC now owns 13,278 shares of the utilities provider's stock valued at $268,000 after purchasing an additional 1,998 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of PG&E by 3.1% during the fourth quarter. Parallel Advisors LLC now owns 37,738 shares of the utilities provider's stock valued at $762,000 after buying an additional 1,120 shares during the last quarter. Cibc World Markets Corp increased its holdings in PG&E by 19.0% in the 4th quarter. Cibc World Markets Corp now owns 337,878 shares of the utilities provider's stock worth $6,818,000 after buying an additional 53,982 shares in the last quarter. Corient Private Wealth LLC raised its position in PG&E by 21.3% in the 4th quarter. Corient Private Wealth LLC now owns 182,541 shares of the utilities provider's stock worth $3,683,000 after buying an additional 32,043 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in PG&E by 200.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 59,602 shares of the utilities provider's stock valued at $1,203,000 after acquiring an additional 39,790 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PCG. Guggenheim lowered shares of PG&E from a "buy" rating to a "neutral" rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of PG&E from $16.50 to $17.50 and gave the company an "underweight" rating in a research note on Thursday. 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. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $22.00 price objective on shares of PG&E in a report on Wednesday, February 12th. Finally, UBS Group downgraded PG&E from a "buy" rating to a "neutral" rating and lowered their target price for the company from $22.00 to $19.00 in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.05.

PG&E Stock Performance

PG&E stock traded up $0.28 during midday trading on Monday, hitting $17.16. The stock had a trading volume of 11,185,537 shares, compared to its average volume of 15,143,561. PG&E Co. has a 52-week low of $14.99 and a 52-week high of $21.72. The company has a market capitalization of $45.83 billion, a PE ratio of 14.92, a P/E/G ratio of 1.09 and a beta of 1.04. The firm's fifty day moving average is $16.16 and its two-hundred day moving average is $18.77. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86.

PG&E (NYSE:PCG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $7.29 billion. PG&E had a net margin of 10.27% and a return on equity of 10.94%. During the same period last year, the firm earned $0.47 EPS. On average, research analysts forecast that PG&E Co. will post 1.49 EPS for the current year.

PG&E Announces Dividend

The firm 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 $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Monday, March 31st. PG&E's dividend payout ratio (DPR) is 8.70%.

Insider Buying and Selling

In related news, Director Arno Lockheart Harris bought 6,389 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of $15.66 per share, for a total transaction of $100,051.74. Following the completion of the transaction, the director now owns 14,864 shares in the company, valued at $232,770.24. The trade was a 75.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Carla J. Peterman sold 32,521 shares of PG&E stock in a transaction 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 sale, the executive vice president now owns 183,635 shares in the company, valued at approximately $3,006,104.95. This 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 currently owned by company insiders.

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.