Mn Services Vermogensbeheer B.V. Has $15.37 Million Holdings in PG&E Co. (NYSE:PCG)

Mn Services Vermogensbeheer B.V. lowered its position in shares of PG&E Co. (NYSE:PCG) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 777,200 shares of the utilities provider’s stock after selling 19,200 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in PG&E were worth $15,365,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jupiter Asset Management Ltd. acquired a new position in PG&E during the first quarter valued at approximately $2,153,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of PG&E by 19.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,486,117 shares of the utilities provider’s stock worth $41,667,000 after buying an additional 410,409 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of PG&E in the first quarter valued at approximately $2,377,000. Scientech Research LLC acquired a new stake in PG&E during the second quarter worth about $1,122,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of PG&E by 808.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,243,020 shares of the utilities provider’s stock valued at $21,703,000 after purchasing an additional 1,106,200 shares during the last quarter. Institutional investors own 78.56% of the company’s stock.

Insiders Place Their Bets

In other news, VP Stephanie N. Williams sold 38,601 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $18.32, for a total value of $707,170.32. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

PCG has been the subject of several analyst reports. Barclays raised their price target on shares of PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America started coverage on PG&E in a research report on Thursday, September 12th. They set a “buy” rating and a $24.00 target price on the stock. UBS Group raised their price target on shares of PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group started coverage on PG&E in a research report on Monday, October 14th. They set a “buy” rating and a $24.00 target price for the company. Finally, Morgan Stanley raised their price target on shares of PG&E from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.80.

PG&E Stock Performance

Shares of NYSE PCG opened at $19.95 on Tuesday. The firm has a fifty day moving average price of $19.94 and a 200-day moving average price of $18.66. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.90 and a quick ratio of 0.86. PG&E Co. has a 1 year low of $15.94 and a 1 year high of $20.93. The stock has a market cap of $52.17 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03.

PG&E Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Monday, September 30th. PG&E’s dividend payout ratio (DPR) is presently 3.42%.

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.