PG&E Co. (NYSE:PCG) EVP Sells $532,368.77 in Stock

PG&E Co. (NYSE:PCG) EVP Carla J. Peterman sold 32,521 shares of the business’s stock in a transaction dated 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 $3,006,104.95. The trade was a 15.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PG&E Price Performance

Shares of PCG opened at $16.41 on Thursday. The company has a market capitalization of $43.82 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.09 and a beta of 0.99. The business’s 50-day moving average is $16.92 and its two-hundred day moving average is $18.99. 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 fifty-two week low of $14.99 and a fifty-two week high of $21.72.

PG&E (NYSE:PCG) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. PG&E had a return on equity of 10.94% and a net margin of 10.27%. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company earned $0.47 earnings per share. Research analysts predict that PG&E Co. will post 1.49 earnings per share for the current year.

PG&E Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, March 31st. PG&E’s dividend payout ratio is currently 8.70%.

Institutional Trading of PG&E

A number of hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of PG&E by 68.3% in the fourth 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 during the period. True Wealth Design LLC increased its stake in shares of PG&E by 1,233.6% in the 4th quarter. True Wealth Design LLC now owns 1,827 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 1,690 shares in the last quarter. Colonial Trust Co SC raised its holdings in PG&E by 563.0% in the 4th quarter. Colonial Trust Co SC now owns 1,916 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,627 shares during the period. 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. Finally, Catalyst Capital Advisors LLC grew its holdings in PG&E by 98.5% in the third quarter. Catalyst Capital Advisors LLC now owns 4,340 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 2,154 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on PCG shares. Mizuho lifted their target price on shares of PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. BMO Capital Markets lifted their price objective on shares of PG&E from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Morgan Stanley downgraded PG&E from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $20.00 to $16.50 in a research report on Friday, February 14th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $22.00 target price on shares of PG&E in a research note on Wednesday, February 12th. Finally, Barclays dropped their price target on PG&E from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.23.

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.