PG&E Co. (NYSE:PCG) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its stake in shares of PG&E Co. (NYSE:PCG) by 36.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 43,300 shares of the utilities provider’s stock after selling 24,944 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in PG&E were worth $856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of PG&E during the second quarter worth about $30,000. UMB Bank n.a. increased its position in PG&E by 84.7% during the second quarter. UMB Bank n.a. now owns 2,204 shares of the utilities provider’s stock worth $38,000 after buying an additional 1,011 shares during the period. Blue Trust Inc. increased its position in PG&E by 77.0% during the second quarter. Blue Trust Inc. now owns 2,361 shares of the utilities provider’s stock worth $40,000 after buying an additional 1,027 shares during the period. Plato Investment Management Ltd purchased a new stake in PG&E in the second quarter valued at approximately $44,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of PG&E by 48.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,596 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 1,179 shares during the period. 78.56% of the stock is owned by hedge funds and other institutional investors.

PG&E Stock Performance

Shares of PCG stock opened at $21.63 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 2.02. The stock has a 50 day simple moving average of $20.33 and a 200-day simple moving average of $19.07. The company has a market cap of $56.57 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03. PG&E Co. has a 12-month low of $15.94 and a 12-month high of $21.72.

PG&E (NYSE:PCG) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $6.58 billion. PG&E had a return on equity of 12.51% and a net margin of 11.11%. PG&E’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. On average, equities analysts forecast that PG&E Co. will post 1.36 EPS for the current year.

PG&E Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend was Monday, September 30th. PG&E’s dividend payout ratio is currently 3.13%.

Wall Street Analyst Weigh In

Several research firms recently commented on PCG. Jefferies Financial Group started coverage on shares of PG&E in a research report on Monday, October 14th. They issued a “buy” rating and a $24.00 price target for the company. Morgan Stanley upped their target price on shares of PG&E from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Mizuho raised their price target on PG&E from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group upped their price objective on PG&E from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Barclays lifted their target price on PG&E from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.10.

PG&E Company 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.